When you can get a place that is below rent value it’s time to buy.
Bruce’s 30% is probably closer to 40%, but a 60% haircut that you can sell or rent out is where you make the money.
Flippers for the most part could only come to power because of the zero down / no doc loan years. For the most part that is all gone, and we are left with prices that people can start affording again.
