Yet another mainstream (yawn!) article on real estate investment. I am too tired to comment on them anymore. Kind of missed those days when it used to be exciting to read articles on real estate - occassionally in mainstream magazines. Unfortunately these magazines are published on the coasts - East and West - which are both in the midst of the real estate craze.
Real estate has become the new dot com! Read the story here in TIME.
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I don't know why anyone would go to all this effort for $27,000 when you could do the same with international property with far less competition. Like you said - is real estate the next dot com. For a bubble to build you have to have investors willing to pay a premium on top of someone elses premium price. I say get out of an overcrowded market