Really good write up on this topic in the Wall Street Journal.
"So where’s that long-awaited deluge of bank-owned homes that is supposed to flood the U.S. housing market? This “shadow” inventory has..."
It has been keeping a few buyers on the sidelines looking for a deeper bottoming out to the real estate in the local market. Reality Check. Buy if you find the one that works for you long term. Especially if you plan on living in it.
Now in the Income Property side. Revenue dependability is what we have most here in the West Los Angeles area. That reduces risk.
If you want money to be available for a dependable retirement cash flow... We should talk. There are some good options in the marketplace.