Real Estate Bubble

[dickmilde]

I closed on a new property last week.

New paint, carpet and appliances will make this a very attractive property. The location is outstanding and I have already had inquiries from prospective tenants. Gross return will be about 11%. Our area is still holding up very well with average prices down from the peak less than 7%. The higher quality properties in the most desirable locations such as this have hardly changed in price.