If this site is any indication, I agree. And I think this would be a more bearish place then normal! There seems to be someone posting a desire to buy about every day or so. And coming up with all kinds of highly questionable arguements as reasons to purchase.
I’ve been a landlord. It is more expensive and time consuming than you may think. Most of the posting I’ve seen on this site about costs are pretty far out of line with reality. And IMO seem more like justifications rather than business analysis.
I tend to agree with Bruce Norris when he said that the real deals will arrive when real estate is despised as an investment. And he was referring to his experience in the last CA down cycle of 1990 to 1996.
