I know experienced operators that crash and burn with a lot less moving parts.

So I expected thread like these since few years ago.Some of you guys GP that keep buying and selling every 19 months are just simply crazy and create the foundation for market crash.

You know it’s funny back when I was flipping in dc pre covid, I was always amazed at the prices and in the back of my head was like I cannot believe people are paying 800-1 million to be in a tiny rowhome in a frankly pretty rough area, now of course everyone who didn’t grow up here throught it was just was the way it was, but growing up here I tried to explain to everyone just how bizzare it was that the city was so much more than then the burbs, (from 06 on there were entire areas that went up fourfold, where as the burbs were kind of flat for a decade) I won’t say I saw dc’s crash coming but it seemed so unnatural to me having grown up in the area, I also don’t think we’ve seen close to the bottom as far as urban real estate, as you said you can still trade a house in the city for one in the burbs but really given how urban living is + remote works, cities should be significantly less than an equivalent burb.

UPDATE: rents really never dropped in Detroit after the Great Recession.Only property values did.This is pretty much true of the majority of the USA.Detroit values now pretty much exceed their pre-crash highs and have exceeded it in many Neighborhoods:)

Go on YouTube and you’ll see all the fear monger crash bros predicting a crash in the RE market.

And the earth might swing out of it's orbit and crash into the sun, but guess what I'm not going to worry about it.

Your Money is in Tampa if you live there for two years and then SEll before the CRASH.

I bought newly renovated condos there after the real estate crash in foreclosure in 1992.

Unlike the smokies, my property values are continuing to rise which takes away much of the unpleasantness of the negative cash flow (value up close to $300k last year).Those who are over extended and will be forced to sell in the smokies may lose a lot of money.

In HOPES that market will not crash/correct itself in the meantime, that crews I hire will work diligently and timely, that there will be a demand for the end product when the work is finished, and my realtor will be able to sell it before I get penalized and foreclosed by the lender.