I should have been more clear. I don’t think average Joe’s can or should be doing what I have done. I think that may be part of what created this mess. That is a valid point.
My post was meant as a response to the renting versus buying argument. I was pointing out that people with capital can now purchase Socal property at relatively good prices which generate get a nice rental income while still being an asset that historically appreciates well.
I was also pointing out that at or near the bottom there won’t be enough properties to go around. That is what makes bottoms.
