Quote from @Will F.:
Originally posted by @Peter Davis:
I've said it before and I still believe it, that Cape Coral is a great place to invest. Year over year, December 2020 to December 2021 the average sales price went up 30% and current inventory is at around three weeks. There's huge demand for limited supply. And I think that trend will continue in 2022 albeit at a somewhat slower pace.
Yeah but often when here's been a 30% uptick and low inventory that means it was a great place to invest. As investors are looking for deals. So it's good for old time investors but not for buyers!
It's difficult whether it will continue or if we're overpriced relative to future rent growth or not
Good point. I’m from Los Angeles too. To be honest, everything is inflated if looking at it today. The folks here on thread are no joke from Cape. I’ve interacted with them on various threads and trust them from an expert point of view.
I just think it’s tougher to find deals in Cape, Los Angeles, San Antonio, and Parts of Nashville. These are my markets. Hindsight is 20/20, but heck, i was Fearful too and prices somehow still going up.
I think Cape has a good future due to influx of people from certain states. I just wish i had More money to invest there.
im on the sidelines now and will only submit offers where I can find a steal (though hard these days). Otherwise, I’m just saving cash for future deals and shore up reserves for potential correction to ride that vacancy and not bleed out. Again, conservative side of me.
all points well taken above.
