Quote:
Originally Posted by Laurie2
I have to wonder if there will come a point where TV will lose some of its cachet due to implosion from crowding. Maybe not this year or next, but projecting 5 years out???
If that happens, will investment properties be neglected? Maybe not overtly, but if the cash-flow slows, we might notice more and more properties sliding into that getting-a-bit-long-in-the-tooth look. Or selling as bargains.
Could owning a high multiple of rental properties create the potential for collapse under high leverage should the rental market hit the wall for whatever reasons?
The perceived urgency to buy years ahead of retirement and turning those homes into rentals persists. I have wondered what the percentage is of rental houses on those lovely streets in the brand new sections.
Yes. We own a home. We purposely chose an established neighborhood. No regrets. But I admit that I do not understand the, "Oh Yay! More houses! Goodie! Goodie Gumdrops!" routine. More is not necessarily better. Will TV lose its cachet and skew the rental market?
Any science-types out there want to explain critical mass?
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I agree with you 100%, I have some concerns that as the current owners die off, a lot of the children or heirs will let the properties "slide" The kids might be young and be unable or unwilling to live here, so the number of rentals will dramatically increase, potentially turning this place into a "timeshare-like resort." Just my opinion