I personally would be very concerned in renting a $2,700/mo house there right now. I would imagine just about any rental in that community is running pretty heavy at cash flow negative, although I could be wrong.
Owner occupied I would think would continue to try and make it work in many scenarios for as long as possible. An investor with a ticking ARM bomb renting at cash flow negative…
I’m not saying that would be a strong reason to buy a place, just saying I wouldn’t sleep very well in either scenario. 🙂
