I am writing this purely out of speculation and curiosity, as I work with a lot of investors at the moment. I am just wrapping up with my first year in the business and have chose to work specifically with the investor oriented client. Although I have spoke with other agent's that have been in the business for 10+ years where there clientel base is your mom and pop's standard real estate who now are working with a lot of investors as well. Yes, I know everyone seems to be a born-again real estate guru in a market such as this, but what are we doing in the long term? Millions of people have foreclosed in the past year and that number may be on the rise regardless of a bailout package. These are the same people that the investors plan to sell there investments back to when the market turns. The only thing is that a neighborhodd appreciates and gains value through its sold comparables, not by escalating rents. So I am asking this question to my fellow bloggers and bloggetes, Are the investors who have captured our inventory in a fix and hold market putting our real estate values on a two year stand still until our current foreclosed individuals wait the minimum 48 months until their credit is rehabilitated??
I appreciate your feedback...
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