Is the bank irrational?

More people means more lawsuits, irrationality, complaints, variability, and risk - all things I'm trying to get rid of. 

Tenants are customers with options and rational and irrational motivations and while I might be the McDonalds of the property market, I need to keep enticing them lest they go to Burger King, In-n-Out Burger or wherever else that is not While I could seriously write a full length post about my bad experiences with property management, but I am not looking to cut their role out of my chain.

The tenant is the biggest B#$#% in the world and is completely irrational so that is pointless. 

If you look back not that far you will see the same "irrational exuberance" as in 2004 - 2008.

So maybe I’m partially motivated by fear (which, as I type, is irrational and not really a good reason to buy $300K+ of property).

Roy N, seems like the bright side is that you'll be able to raise rent to market.It is so weird about how tenants become so irrational when their housing situation starts to unravel.  

If you really want to learn more about how our real estate markets work, what signs they throw off, and how to read those signs then read Robert Shiller's book Irrational Exhuberance (most recent edition).Here's his take on this very topic taken from an interview several weeks ago:We think that we are headed toward another 2008-like crisis.

out of state investors have in my mind next to zero chance of making D class 400.00 doors in the mid west work.. and now this guy just leveraged his families whole net worth or nest egg on what I see is total risky.. but this irrational exuberance to own rentals at any cost and get financial freedom clouds judgement..

This demographic does not skew to the irrational, uninformed or impulsive.