BobS
Querty007: You are right–investing in houses or condos to rent out is a perfectly horrible investment right now. I speak as one who has made money at it since the 1980’s and am now largely out. It made money only because of appreciation…cash flow was never significant. Now with the rent/price ratio so out of kilter, cash flow is hugely negative. Add to that the declining value of the property and you have a recipe for disaster. At some bottom point, years away, it will make sense again. I’ll be a bottom-fisher then, as will many others on this site.
