Taking that money out and anything that leads to more people using the equity from their homes and reduces the friction to that process is not good in the long run.As a NPL buyer who buys 1st position mortgages, we do watch stuff like this carefully as the moment these borrowers get high CLTV's any drop in pricing and change in economic conditions will lead to more foreclosures versus bankruptcies.

That condo owner had a sobering moment when he was presented with a $20K bill for recent water usage.TWOFrom personal experience, we recently bought an apartment complex that had submetering installed a few years prior. 

Now, when supply stops coming in at this incredible rate, Austin investors will see a return to rent and price growth.

Pete aren't highly rated so targeting families at a higher price point for single family homes doesn't seem possible to me at the moment since these house are more expensive and most families will commute to private, charter or magnet schools so location doesn't mean as much.

I hope BP can fix both their onboarding process (at least lay out the ground rules and not just cancel someone at any moments notice without a warning) and hopefully provide more qualified leads. 

Reston has seen an incredibly fast rise to be one of the major entertainment, business, and residential areas in the country in the short sixty years since its inception.

Just stacking up $ for a brrrr deal at the moment.

When you model that out it's a loser usually UNLESS dirt is incredible and you want them to leave to knock the building down and redevelop at much higher rents.

One thing to note is that property taxes are much higher, and the city enforces rental inspections more than any other market I am aware of.Having owned 100 unit rental portfolio's previously in numerous states, I think that DSM, and suburbs have incredible upside, but the key is management.

The moment my partner and I feel the cash flow from short-term rentals (STRs) isn't worth the effort, we'll pivot.