Detroit actually when I started there prices were higher than they are today.. then it crashed big time as we know.. and its crawling back but still not to 2002 levels.

I spent spent many, many years as a banker prior to us forming this company during the last crash.

You might find this 20 minute read and breakdown of supply, demand, interest rates, and relative regional pressures on multifamily https://www.biggerpockets.com/blog/multifamily-crash-to-cont...

It was previously used as a crash pad for the owner.

Was the last tenant really overpaying by 15-20% or is your rental market really crashing hard?

I am curious to use the hive mind to learn about best practices for revenue management for short-term rentals.One trick I have used is to crash prices for undesirable dates, or dates that would otherwise go un-booked.

most bay area properties appreciate at higher than 2% annually which is how much the property tax can increase annually which reduces the number of properties that would have an overpriced assessment so i would say that kind of service won't last long in business around the bay areaAfter the financial crash in 2008 resulting in property depreciation, many people appealed the property assessment and there were services back then offering to appeal but i gotta say i haven't seen those lately

Joshua Tree is definitely interesting selection - probably destined to be a very volatile rollercoaster market - trends toward big overheats and then big crashes after over-builds, people that can time the bottoms over a long time frame can probably succeed very well

And back when we bought REOs from banks after the 2008 crash, they wouldn’t even consider one.Of course, with such properties, I would still recommend doing an inspection, especially for new investors.

I live on the beach in FL,  I see what's going on. 1st the condos are going to crash.