What are some opinions about the Denver Metro Area of Colorado. Is it a good place to invest in multi-family homes? Is a market crash coming in that area? Is it overpriced at the moment?
List other opinions/suggestions as well.
I wouldn't be expecting 08 type crashes anytime soon. However, a reckoning is inevitable to those who do too skinny of deals that hope for appreciation to always exist.
Those with the means are buying left and right at the moment. We'll have to see what happens as people lose the extra $600 per week, and they can't make rent.
We're still seeing appreciation in the Denver market, making for great long term appreciation plays. Because of high property values, cap rates aren't great, but you can still cash flow multi-family properties and vacancy rates are low for well kept units.