Fear Mongering, nope just pointing out a major shift from irrational buying to a market that just about shut down.  

Randy  I dont think most folks realize the points our making  I have had 3 attempted suicides in homes i bought at auction or pre auction one successful and that was a vietnam vet who I let live there rent free for almost a year I would talk to him twice a month asking him to please move on we cant let this go on.. finally we had no choice but to do a FED and he still would not more when the cops came to escort him out.. ( and my secretary was there ) they opened the door took a look at what was on the kitchen table told my staff person to go get in her car.. found in him the back yard suicide by gun.. there is a very grimy side to foreclosure bizz.. but I 1000% agree with you.. that the homeowner if its an owner occ deal is going to be extemely emotional irrational violent etc etc. this business is not really a beginner business..

However, it's not easy to find a deal that can give you a high CoC and IRR at the same time, value add is the best strategy.

I am trying to avoid being irrational by just running out and throwing money at this.  

I love this irrationality :).

Just make sure the lender in first position is equally as comfortable, since I know some can get irrationally impatient.

It's this kind of behavior in the marketplace that is signaling to me that the market is inefficient and irrational.

For those of you who think it is impossible for rates to go any lower, the Japanese and European 10 year bond is less than 1%  where we are currently at 2% today.The markets can stay irrational for some time, but fundamentals will always win out in the long run from my experience.

I don't think this price increase is due to irrational buyer behavior however...

I've got the feeling that the irrational buying we're seeing is because the investment "winds" are blowing in that direction.