[ex-Texan]

Below is a recent post regarding local Oregon real estate prices. People in Portland are running scared. Real estate brokers are pitching the song this way, "Sign up on the waiting list for a house now. Don't wait. Houses are selling to the highest bidder within just a few days. People are paying more than the asking price everyday." The rubes and the bumpkins line up like sheep to be shorn. 'Nuff said.

http://www.freerepublic.com/focus/f-news/1445656/posts?page=10#10

[sharktrager]

Oregon is one of 3 markets where I see the investors running away, and then repeating their actions somewhere else.

Scared Bunny Blog
Not for the timid

[wtc911]

We have a portfolio of rental properties in Queens and on Long Island (not huge but enough so we don't worry about social security). Our plan called for adding another property every 8-14 months. Our conditions were simple, a co-op in good financial order with sponsor apartments available (no board approval) near a hospital and transportation. The rent had to cover the cost plus a minimum of 15%.

For years we had no problem keeping to the plan. We started the latest search about eight months ago. We have had to put the plan on hold because the market prices have risen well past the point where rental rates can support an investment. Now we're sitting on the sidelines and waiting to see if there will be a correction both sudden and deep enough to provide opportunity.