Shit happens in the deep end - good, bad, ugly and indifferent; it all happens there.
We all strive to swim there and your ability to ID the sharks that target the "schools" of thought will determine who you swim with AND where you swim.
Gonna keep this short:
Rates are low and property values are low.
That creates balance - more than there should be !
That creates a, certain, frenzy too !
As lenders begin to loosen up on their lending guidelines, more buyers are able to jump into the waters and troll the great big oceans of real estate.
More fish equals more shit too - and the waters get damn murky !!
Feeding frenzies lead to constrained inventories, so the demand increases the need which, subsequently, increases the cost as those, precious, inventories begin to decline.
Feel the water swirling ?!
And the haze thickens, because need increases as supply decreases - feeding that frenzy !!
And then the spring/summer of need ends, but the currents continue, as they always do, creating additional opportunity.
But the tide has shifted, so the "current" inventory builds, as the predators that contributed to that feeding frenzy have departed to, other, "shallow" opportunities.
Waters get deeper as the "currents" increase.
What I'm saying is learn to swim and recognize the risks associated to the depths you choose to swim upon - and within.
Happy 4th !!
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