[quote=temeculaguy]But yeah, there are lots of knuckleheads with suitcases full of money showing up trying to buy investment properties here, they’ve been coming for a while and screwing up my plans to rule the world. I battled with them last year when buying the primary and i’ll battle with them when the rental aquisition time comes, they seem to take the winter off, so postpone your visit about 6-8 weeks, use the time to study things and maybe they will leave again until february. [/quote]
I do think the sale will decline again in winter but where is the flood of REO that has been promised again and again? I start to wonder about it when I find that even RE agent in my community newsletter starts to use the word “shadow inventory”.
I am not planning to buy a rental property in near term any way. I still think that equity market holds more promise than the property market in near term. I am in the same camp as peterb on this. I will time my purchase of rental property only when there is hope for significant price appreciation, even though it means I will pay a bigger price tag. Rental yield itself looks less attractive to me than the stock dividend, considering all the work that must go along with it.
