REI in Smoky Mountains Too Late?

[Chris Ortler]

Hello BP Community,

I have been looking at possibly investing in property near the Smoky Mountains.  I have noticed that there has been a slowdown in the housing market.  As an investor, would you wait to see where things go or would you still invest?

[Nathan Gesner]

"Be greedy when others are fearful, and be fearful when others are greedy."

I am certain we are still in the greedy phase. It was only 3 months ago that I was looking for property in Tennessee, Georgia, South carolina, and Florida. Every market I looked at was overpriced with competitive bidding. That demonstrates a "greed" phase and not a good time to purchase.

can you still find deals in all of these markets? Absolutely. But it may also be a wise time to hold on to your pocketbook and wait for things to switch into the fearful mode and pick up more deals.