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samjackson • Resident 2005 Not Recommended
Reviewed 09/04/2005
"Popularity can have its drawbacks. If your primary goal is appreciation, you want other investors to discover your find eventually. But too much attention can have its drawbacks. For example, there's so much new housing construction going on in Coeur d'Alene that the FDIC warns the area could become overbuilt, which could depress further appreciation. Slower, steadier growth can be better for an area's quality of life -- and ultimately, its housing values….<br><br>"Even if home prices don't crash, they can't continue appreciating at 20% rates indefinitely. You should keep that in mind if you're considering … counting on appreciation to make up for negative cash flow on a rental property. You could find yourself in deep trouble should the local economy slump and prices tumble."<br><br>http://moneycentral.msn.com/content/Ban have a feeling you're in deep trouble, Woodglen...<br>
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