Real Estate Investing during Dotcom Bubble
Would love to get feedback from those invested in real estate during the dotcom bubble of the late 90s and early 2000's. This was a obviously a different type of pullback compared to the more recent real estate crash, so I would love to hear any differences or similarities.
How did prices of real estate act leading up to the peak and thereafter? What challenges/opportunities, if any, did you encounter?
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In Austin there was a bit of a lull in price escalation - houses sat on the market longer but there wasn't much discounting. Affected the high dollar homes the most. Denver was hit pretty hard due to the presence of telecom - a lot of fiber companies went down the tubes. (Smart investors used the downturn as an opportunity to load up on "dark" fiber at pennies on the dollar - cash is king.)