Richard Oller - What are the flags for a cycle ending?
One of the best parts about the Market Makers event was being able to ask the panelists what they would need to see to concern them that a cycle was coming to an end in the real estate market. This is something everyone wants to know and be aware of because it changes every investors and homeowners buying strategy and it will potentially hurt a lot of people. Richard Oller is a huge player in the multi family realm so he said that one of his red flags would be seeing interest rates rise too much. He also discusses how he didn't fall into a bait trap by using adjustable rate interest for his acquisition. He didn't care if he paid a bit more if he was able to secure long term fixed rates on his properties because he was hedging against interest rates rising.
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