Does the market indicate $369K is the correct price?

I’d agree that we’re seeing several contraction-phase indicators right now - slower transaction volume, tighter lending, and buyers/sellers adjusting expectations.Personally, I think whether we label it late-contraction or early-recovery depends on how interest rates and consumer confidence move over the next few quarters.

@Fallon Gilbert you did not indicate where you are at.

You humbly suggested that you don't know for sure that this will happen so I guess you're not sure it's a bubble.I think the rental yield is a very poor bubble indicator that most market participants don't care about.

Waller’s policy style—favoring forecasts over lagging indicators—has reportedly impressed President Trump’s advisers.

It also has a bunch of really unique benefits/tools for your rental portfolio (Lease Indication Tool, Expense Tracking, Maintenance Requests, Rent Collection, Tenant Communication, etc.) in one central place.

The offering document indicated certain projects which is what I subscribed to invest in. 

This composite is used by market participants as an indicator to help forecast future economic activity.Many more…..but I think you get my drift.Speaking of Drift, I was at East Nashville’s Drift Hotel this past week, an old rundown motel that they brought back to life with a lovely renovation.

As a result, metro sales dollar volume decreased 7.3% to $1.44 billion, while Austin held flat at $672 million.Pending sales grew strongly, rising 22.2% in Austin and 15.3% across the metro, which may indicate demand building into the fall.

It also has a bunch of really unique benefits/tools for your rental portfolio (Lease Indication Tool, Expense Tracking, Maintenance Requests, Rent Collection, Tenant Communication, etc.) in one central place.