[quote=flu]Never underestimate the financial state of your peers. Not everyone is financially “ruined” as the media would like to portray, though it’s much more convenient to think so.
(Still in search of positive cash flow properties)
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Totally agree. BTW, there are plenty of positive cash flow properties, just not in north county. South bay has some good options. If you want to go farther, Fresno have some starter homes for $60-80k and can be rented for about $850-1000. PITI would be around $320-420 w/ 30% down ($18-24k). That’s profit of $400-700/month. It’s in the “ghetto” area though, but it’s out there.
[quote=paramount]On the other hand I think a lot of people buying today are like those who bought in 1931/32….[/quote]
You mean in 70-80 years, they’ll be filthy rich from their property investments?
