How does this market compare to “normal”?

[James Rodenberg]

Hey everyone,

I’m working to analyze deals and get a feel for different pockets of the KC Market. From what I’ve learned from my own analysis and networking it seems that even a good deal, let alone a great one, is tough to come by...which got me thinking...

How “out of hand” or “overpriced” has this market become? It seems the lack of supply and lack of banks being able to foreclose has driven the demand and subsequently pricing higher and higher. 

For example, it seems finding a house in Independence or KCMO under $100k is tough so cash flow seems even tougher to come by with rents being on the lower side.

Maybe I’m off in my analysis or rambling at this point 😆, but any thoughts or insight into how this market compares to a more “normal” or “average” condition?

Sorry for the rambling, but figured I’d try to get a discussion started. Thanks!