It's still pretty good.Finally, if salaries start to climb we could see rents continue to increase.

This week in rental property, mortgage rates climbed up to the highest levels for the year.

Buy sooner then later as prices in the midwest are climbing!

Here's what you are going to get:1 - One year of 0% interest, and in year two the interest rate climbs to probably 2 to 3 times that of a 30 year amortized loan. 

For a crash to happen, a major occurrence needs to happen, i.e. interest rates need to climb dramatically (which is not likely since the Fed would be shooting themselves in the foot with that), a major supply/demand shift would need to be pending, or a huge financial crisis.

Wait until they have an agent bring through a first-time home buyer with four kids under age 8, grandma and grandpa to share advice, and cousin Eddy the contractor who's going to climb around the attic, bang on pipes, and ask 100 questions.

BUT, I would never buy in area where you think rents will only climb 2% per year while expenses will climb 3%.

Rents right now are at about $2300 and climbing.

On the upside, if the market is hot and climbing like ours currently is moving capital from the bank to real estate can be a great move.

Mine is through the roof and still climbing.