Originally posted by @Crystal Smith:Originally posted by @Frank Sanchez:The rents don't justify the asking prices, and it's surprising to see properties being sold at cap 2s and cap 3s.  

I think this thread has moved way off track and unless it gets back on, this will be my last post here and only because I want to be crystal clear, regardless of what others have perceived here.My sole intent in this thread is to better educate others in topics that I have experience and knowledge in.

Does the whisperer use a crystall ball or tarot cards?

No crystal ball, I threw it away a long time ago... but I think that having a part of net worth in real estate or income producing assets is worthwhile. betting on appreciation will be a losing game for a while IMO, but if you can cashflow a decent amount and hang on to what you have even if prices drop another 30% (it can happen...) then you will be positioned well if/when prices increase in the future (10-15 years from now). remember, bottoms take time, recoveries are not instantaneous and even with the money pumping by the fed, this will take a while. but being in place, not too high leverage, and cashflowing allows you to build equity, gain experience, and when the prices start to rise, pull the equity out of your houses and start to buy.

In efforts to trigger some Keyword Alerts for other investors near myself, I have added a list of surrounding towns below.Keyword Alerts: Gurnee, Waukegan, Grayslake, Round Lake, Round Lake Beach, Mundelein, Libertyville, Lincolnshire, Vernon Hills, Lake Forest, Lake Bluff, Deerfield, Arlington Heights, Wheeling, Buffalo Grove, Palatine, Schaumburg, Crystal Lake, Cary, Pleasant Prairie, Kenosha, Racine.Thank you so much!

Unincorporated Pinellas has no restrictions against STR (areas such as Palm Harbor, Crystal Beach, and parts of Seminole).

It’s sometimes very difficult to have a crystal ball, but staying objective and watching indicators such as the ones I have listed above will truly help.

No one has a crystal ball to know where things will be in any given neighborhood in 10-20-30 years.

No crystal ball here, but I think 5 yrs from now well be saying "remember when we could get 3-4% mortgages!

I see in my crystal ball a very long and heated thread coming . . . .