This is not an exaggeration.

@Joe P.So I was thinking of house hacking in Philadelphia, I’ve been keeping a close eye on the market and there are over 30 new listings a day on MLS sites this month (a slight exaggeration with every day).What would be your analysis on this movement?

For stocks, a very efficient market that is highly liquid, that increased value might be shown the next day, but real estate is not as an efficient market, it takes months to validate price changes, it is also not a liquid asset as it takes time and expense to dispose of a property.As David mentioned, a hard money lender is not a credit lender as much as they are an asset based lender, they may make a loan based on what a value might be, but they will have other concerns as well and they don't provide long term financing.So, when you hear some ignorant guru investor type saying he just made $40,000 buying a property at a discount, understand they don't have a clue about recognizing valuations or market value concepts, we call that stuff puffing, exaggerations on the deal they just did because in reality, what ever they paid was most likely the true value.

I was out and that was all I wanted after that beating.I am not exaggerating when I say that that episode put me into depression for about two years.

You'll often get someone that says, "oh, Bob Smith just sold his house for $XXX,XXX three doors down" The there are ways to explain that friends and neighbors lie, exaggerate and some like to brag as much as some real estate investors (LOL).

I am also finishing my first deal right now and cannot exaggerate how similar our experiences and mistakes have turned out to be! 

Or can you just write up an agreement on the back of a napkin and call it good (exaggeration, obviously)?

I think the media is wildly exaggerating the rental trends in SF.

That being said, if you aren't exaggerating, and there really is poop in your house.

I am somewhat inclined to believe the neighbor but the tenant flatly denies any issue and suggests that the neighbor is unreasonable and exaggerates the issue.