Should I buy or say bye.

It's our peak season right now, soooo many packages to sort; 'tis the season!

Even then, until you've done a deal with THAT particular broker or agency, you won't be top of mind to let you peak inside "the pocket".

@Rick Baggenstoss I didn't know I could join an Atlanta REIA by e-mail.

Joe and Jane bought a house near the bubble peak because the lenders that are supposed to be responsible let anyone with a pulse get a loan.

Would you rent your house out to a local 18 year old for two nights during the peak of high school prom and graduation season who may or may not book using a pre-paid visa gift card?  

Keep in my that we have peaked in most California markets for sometime now.

I have one property that I bought at the peak in the market many years ago that has experienced little to no appreciate over 10 years with rents still below the 1% metric.  

If you've got a great paying job that you aren't in a rush to leave you can stand to break even cash flow wise and hope for appreciation but personally I wouldn't do that in a market that has already recaptured it's peak value.For looking at boom and busts you can use Trulia to go back at least one cycle.

Most of that time was peak tourist season, it would be a bit less over a full year.