Future problems for investors....................................
Maybe its just me..... Being in the Real Estate Business for 20 plus years, I am started to see some similarities of the last bubble. Now I am not saying we are in a bubble. I don't know. They are a lot of factors to consider and lots of signs are present, but if I had to go from my gut only, I would say yes. The logical mind does tend to consider all the data on shortages and low interest rates, and droves moving from Illinois etc... Whether you go with your instinct, gut or logical thought, It doesn't matter. What I do know is this. I have seen a lot of deals coming across my desk of people over paying for investment properties. I look at the numbers and think, that doesn't even meet the 1% rule or .80 for that matter. I think its going to be a couple years, but there are going to be some investors in trouble. And yes they are taking mortgages.