I started my 14 year real estate career in 1994 and you have just described what was happening then. Amazing how history has a habit of repeating itself. Reality is the market is just returning to a balance and the ATM machine days are gone. How much she falls we will all know as time goes by, but last time it fell to a point when smart investors began buying average property and were getting a positive return after all costs. Will history repeat?
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