I go into it deeper in another thread a long time ago: http://www.biggerpockets.com/forums/52/topics/25034-the-history-of-property-managementWhere I absolutely do agree with you on this is the rise of speculation.

In a few years, I believe hyper-inflation will "eat" your debt and that 30 years fix-rate mortgage will be paid off sooner than you think.

They both rise and fall by the cash flow.

I wouldn't think it's a good time, in general.Maybe, if your in an area that's growing and new residential contruction permits are on the rise, but in most parts of the country, I think there is a reason home builders are going out of business.Used to be you could build for less than buy.

They have been trying to get a cash out refi so they can get most the home equity line back. reason is the intrest is low, but can adjust up tp 9% and we know intrest rates will rise soon so they want to lock in on a 30yr so better cashflow. bank says the HOA is refusing to fill out the questions because its a liability. all they have to give is the financials, and answer 2 sheets of questions. this happened to the lady above me too and she couldnt cash out refi either. that is stupid. if they dont let people get loans how could they ever expect to fill the complex up with people who will pay the hoa fee?

Just wondering if anyone here has been able to correctly predict cities that were on the rise and what signs within the cities signify that it is on the up swing?

I read an article today that said that jumbo loan foreclosures are on the rise here in Colorado.

Because of this I think that the demand for 1 bedroom apts will drop and 2 and 3's will start to rise.

Historically, appreciation has almost exactly tracked inflation, except for major disruptions (great depression, easing of lendering after WWII, and the 2000's bubble).

I would agree, Naperville is one of those areas where home prices were being inflated by the month.