When they go to sell they find this out when they have no equity in the deal. 2) they go for the interest rate, which can be refinanced down, instead of the purchase price that can’t be changed after purchase. 3) the location and product are carbon copy with their competition.

competition is fierce in every area.

Adding teams/schools that aren't in a competitive system.

I can usually save a decent amount, especially if I keep eyes out for deals and buy when these items are priced most competitively and not necessarily when I need them.Using the bathroom remodel apartment as an example, I will spend $1,500 more per unit than most of my competitors who renovate in the same market but that $1,500  (5% of my apartment renovation budget) gets me  oversized soaking tub in most units, nicer tiled bathrooms, counter tops that don't look like every other apartment in the neighborhood & a step up in appliance package and better quality fixtures.

Yours is a very nice-looking house and property, just has competition in your market. 

The real estate sector is seeing significant shifts globally, with notable developments in Europe and North America.

The same can be said for investment properties in other locations… We can even make the argument that profits and cash flow in ANY business are limited in the first few years of operation.Aside from a small or non-existent return on investment over the first 3 years, competition is another challenge in Astoria.As illustrated in our “Days on Market” graph, demand seems to be stronger than last year.

Very competitive market.

With new construction, comes more competition.

In Syracuse, the $800k+ price range is experiencing slightly less competition- I had a large complex just close at a 7-cap.