[quote=flu][quote=SK in CV][quote=spdrun]If you read about what’s happening in Phoenix and Las Vegas, property is already correcting. Investors are leaving like rats, very little organic demand to replace them.[/quote]
No idea about Vegas, but investors are not leaving Phoenix like rats. Or like anything else. Big buyers have stopped buying. Still tons of rehab flippers in the central city. No widespread decline in prices. No widespread increase in inventory.[/quote]
I didn’t think so….[/quote]
Sadly, what we think doesn’t actually have any effect on the facts. Any actual evidence that investors are leaving (as in dumping properties), and organic demand is insufficient to maintain prices? If that’s actually happening, prices should be falling. It may happen, so far it hasn’t.
