How will you react as Investors to the Potential Housing Bubble in Denver and Portland?

[Paige Kelsey]

I recently read on BP that 7 markets including Portland and Denver were at risk for a Housing bubble. I am from Portland and our end game is to get back there in a year. The fact is I could not agree more with a housing bubble potentially coming our way! I live in Colorado Springs so we do frequent Denver quite a bit. I know that just here in the Springs there is a 20 year  low of inventory on the market and I believe Denver is the  same if not worse. Live auctions are packed and people are making crazy offers  that there is NO WAY those numbers would work.l I own several rentals here but did also want to buy when we move to Portland. For investors in either area, how does living in a city with a potential housing bubble change your strategies for what you do? 

*Do you wait out times like this?    

*Are you just way more cautious on due diligence?- (however, if it is anything like the Springs now you have to know the market, be able to jump quick and go cash. For example,  I just bought another rental that I close on Thursday. to get that in this market, I had to go cash, forgo inspections, close within a week)

Are you changing what you buy ie commercial ?? 

Any advice would be helpful?