Fueled by easy-lending standards for investors, speculators helped drive up housing prices in certain markets.Historically low interest rates that ensured housing prices would rise more quickly than income levels as consumer dollars stretched further.The failure of rating agencies to actually research and rate the safety of mortgage securities, and their unwillingness to act once the problem was apparent.The Federal Reserve’s unwillingness to stop lending that could jeopardize the economy (even though they had the right to do so).Rampant cash-out re-financing that made homes “ATMs” for consumers who wished to purchase what they could not afford.Fiscal policy built on the assumption of never-ending home appreciation, and the dependency of jobs and consumer spending on never-ending home appreciation.A derivatives market which multiplied the amount of money at risk beyond the value of the underlying assets.

Hi AllDoes anyone know a good or a series of combined sources in which it provides the historical record of an area, such as population, economy, occupation and etc?

Make sure you can benefit from economy of scale.  

What was important for me is a booming economy and an attractive area that I wouldn't mind visiting a few times a year. 

I would like to stay local though (Philadelphia/surrounding areas), to help this economy and to take a more "hands on approach" viewing houses, meeting cliants.

Reasonable prices, good ROI, COC, strong economy etc.

It's starting in California now, and I think it'll hit us a year or so later, just like everything else, whether it's economy shifts or fashion trends.

We have to begin by defining Turnkey - many people use this very loosely and it may carry a broad range of defiant as you engage with one operator to another.TURNKEY = accountability, economies of scale, easy access to expertise, passive incomeAsset that has been acquired in advance of any investor commitments by an operatorOperator completes renovation in-house (extensive, systematic, uniform construction material & methodology, implementation of resilient materials)Operator has an in-house leasing team Operator manages the asset in-houseNo MiddlemenDirect access to premium free assetIn-House Management StaffHome cashflows from day one as tenant placement occurs prior to transfer of title That is the most rudimentary definition of a real Turnkey asset and experience.

It's a tough decision because we can't perdict what the Austin market (or national economy) will do in the next few years.  

Would like some feedback of other members interruption of what he has come out to say about our economies?