Pittsburgh Housing Bubble

Its not a question of is there going to be a housing bubble but when is there going to be a housing bubble. If you look across the nation in the areas where real estate values have doubled in less than 10 years you will see that they are starting to slow down. This is a sign that the real estate adjustment is coming and soon to hit the entire US and of course Pittsburgh. I look at this as a good thing because as an investor the down market can be a good opportunity. What you can do as an investor is to make sure you are financially strong and banks will still want to lend you money. Improve on your credit score and work on getting your debt to income ratio as low as possible. You cant be leveraged too far otherwise when the adjustment does happen the banks will not lend you money to buy those great deals that arise in that kind of market. When everyone else is in a panic that is when you have to be calm. Being calm is not just sitting and meditation but its planning and action. Increasing your real estate IQ daily, positioning yourself financially so the banks will still lend you money, do not get in over your head with a lot of high priced high end flips sitting on the market and be smart with what you buy now knowing that worse case if I cant sell the property I can surely rent it and cover my expenses. Now might also be a good time to sell any rental properties that are under performing and dont have any real upside for long term holding. Sell now in the best market and take that equity and bank it away for now and put it to better use in the near future.