"In my mind, anyone acquiring residential property at todays prices as an "investment property" is doing something roughly akin to walking underneath a tottering cornice on a wind-loaded slope overlaying an ice layer five hours after sunhit while the temps are rocketing upwards. That doesn't mean that there aren't people who won't make it across, but at the moment the balance of risks and probabilities are not working in favor of anyone who wants to traverse this path."
If you go at it blindly you may be right but you're blanket statement is untrue.
Find two houses that have sold in Bend in the last 6 months that sold for a higher price previously.
Just two.
I've lived here for almost 50 years and houses are selling for more than they did 2 years ago, or 10 years ago or 30 years ago for that matter.
The avg. mtg. is held for 4 1/2 years. rarely is a mtg. payed off. Only fools put 30% down on a 30 yr. mtg. and pay 30% of their income every month on that mtg. just to do it all over again a few years later.
