Investments certainly look good in some areas right now, based on inflated rents. But lots of inventory is being kept off the market by banks and FBs trying to hold on until “the market gets better.” What happens to rents and prices when that inventory is finally released onto the market?
A recession/depression is still not being priced in, nor is a decrease in rent or further decay in the lower-end neighborhoods. Crime will rise, rents will fall; and what seems like a good deal today will probably look foolish next year and the year after that.
I still stand by my 2012 bottom, at best. Time will tell.
