This is a huge change compared to when REO's dominated the market and then short sales after that.

In locations where there are lots of foreclosures, the foreclosure or other "distressed" sales may either dominate the market or they may partition the market into distressed and retail groups.

@Dominic A.

Originally posted by @Dominic Balli:For what it’s worth Michael, I appreciated the accolades at the beginning.

I grew up in the tax deed business in CA with my dad thats how he bought the vast majority of his inventory ( land) in the one county that we were dominate bidder in I would say out of about 300 to 400 items going to sale yearly  no more than 3 or 4 would have any kind of major improvements on it and an actual livable house almost never ever.  

It's about knowing your market and figuring out who dominates it.

Originally posted by @Dominic Lobban:Saw your post & decided to review our contacts by source.  

There is no real way to predict what that transition will look like, it could be mild or it could be very bad.All of that said, if you can find a cheap apartment complex in an area that isn't dominated by high crime (good luck) and don't mind dealing with the drama that is low income tenants you might not do too bad.

It’s from 1997 onwards that prime Bay Area and San Francisco real estate  jumped the shark- which is when the internet really started to dominate the globe. 

@Dominic JacquotReally not a good book on how to go about this.