For example, this past GFC Santa Monica median 2007 was 850K at the peak and at the bottom of the market 2011 that was $825k.

So know your peaks and troughs.

Bill Neves,  it is a double wide with a peaked roof and shingles.  

Despite a little drizzle and a 6 HOUR drive to Sockho (note: the drive usually doesn't take this long - but we were leaving on a Saturday during the peak vacation season in Korea.

I vet thoroughly by e-mail, then phone calls prior to scheduling.  

thread on why he thinks flipping in Seattle has peaked and no longer makes sense.  

Attention all warm weather / beach vacation rental owners... during peak season what are you requiring as minimum stay?  

I, too, agree with his philosophy in that it is quite easy to make money in a prosperous industry whereas it can be quite difficult to make money in a declining industry even if you have very talented people working for you.Although Buffett has not explicitly stated his investment criteria, if you examine his deals during his peak years, you will find that he liked buying companies with ROEs greater than 20% (with low leverage) and a P/E ratio of around 8 to 12.

To make matters better, home prices have fallen as much as 75% from the peak in some areas, and are about half of replacement cost (or less).I'm buying apartment complexes in Texas.

I know there (*might*) be scope for appreciation, but still it looks since late last year, the prices have peaked up.If you exactly know what you are doing --- please ignore my note here.Since 2010, I have done about 14 flips in norCal, eastbay area and it worked well then.