When we look at our portfolio, here and elsewhere, it’s clear that some areas seem to have a greater demand than others–most, for obvious reasons. Although many areas seem to be doing very well, it’s clear that the run up is becoming more and more niche.

Although Schiller is still warning of a crash, which I don’t espouse, we don’t plan on selling anything (the kids won’t let us:) it’s fun to watch, and great for the rental/leasing business. Cycles come and go, but you can weather most any real estate storm as long as you plan well from the beginning.