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18 years ago

How do we distinguish
How do we distinguish between “educated investors” and “herd-like speculators”? It seems that there is still plenty of buying, even sight unseen, by out-of-state investors/speculators in Texas and Utah. Are these buyers getting their info from highly paid advisors, or late night infomercials? The articles don’t seem to tell us which group these investors fall into, only that they are from coastal states.

My landlord would fit the bill. He loves RE, and since SD is overpriced, he moved on to other states. So did my friend, who took out a HELOC on her Poway home to buy flippable property in Phoenix (and now lives there). Neither of these people fit the profile of the wealthy.

Did the wealthy leave RE entirely? Are they in commodities now, or the overvalued stock market?