IS DFW in a housing bubble?

[George Genovezos]

Hi all,

I recently read rich dad, found bigger pockets, listened to podcasts... and wanted to get into RE. doing a little research, it would appear that my timing is off as usual. Homes that where selling for 80k 2 years ago are now selling for 150. people getting into bidding wars, paying more than asking, this sounds like a bubble to me.

I also went to the Tarrant county foreclosures on Tusday, and people where bidding over appraised value on homes they could not get inside and do any kind of inspection.

So am I right to say that DFW is in a bubble and sit this out for the next few months or is this the new norm? are we going to see rents double since homes have doubled?

Curious to know what those that have been doing this for a while are doing.

[Mark Allen]

Every MSA is in a bubble. If you want to buy/hold look at tertiary markets. If you want to build cash for the next market cycle, flip/develop in MSA's like DFW (buy low/sell high).

That's the strategy I was taught and follow.