Buying a a property is like buying a business. Nobody wants to pay too much for a business that generates only so much profits. Similarly, we need to think rationally about a property from an income approach, just like how the bankers think about a business.
You may ask: what if I`m buying one...
Came across this website HouseMiners.com. They claim that putting rent and other readily available information together can help determine if it`s best-timing to buy/sell. And they claim that they`re able to help general buyers and sellers to tackle uncertainties with sophisticated tool combined...