Zeev's Turnips Patch-No Politics (ZEEV)

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maven, my constant mantra was the rent angle. When I saw rents stop being able to justify an investment property without continuing huge annual appreciation, I got bearish. And that was over 2 years ago. Rents barely covered expenses in many places, for some time now. The only thing investors could hang their hat on was a pie in the sky dream that property would continue it's parabolic rise, immune to the tech debacle scenario. That was scary to me.

Man, when we get into a frenzy in this country, we don't mess around!