I've been gone for awhile and just peeked back in. It is great to have someone with your RE experience moderating this room. It also sounds like you are a fan of buying on terms as opposed to conventional financing.
I've been buying residential RE for awhile now - primarily SFRs in CA, but have recently picked up some properties in FL and in other areas where baby boomers seem to be heading, prices are lower, and appreciation seems to be solid.
In CA, affordability is getting a bit tenuous - 15% or so in the OC. 22% or less in LA. The percentage of people financing their purchases with ARMS is climbing ever higher. Rates are starting to climb but foreclosure rates are still fairly low. Lower than median priced housing still seems to be climbing a bit, but that sector always seems to be towards the back of the roller coaster.
I'm not sure what markets you invest in, but, in your opinion, when do you think we'll start seeing masses of people wanting out/upside down?
Any markets that you think are undervalued and will continue to appreciate?
Thanks for your time.