[quote=sdsurfer]Much appreciated and I was thinking along those lines myself. Since I’m not expecting a lot of appreciation right away that would lead to inland being better short term, but then the coastal stuff would have a better long term benefit because they are making anymore land by the beach and when the appreciation kicks in, which I know it will eventually, I’d be glad I went coastal. I’m also on the fence regarding self management if it was coastal and if I went esco I would definitely get a management company.
Do you mind me asking what you would do?[/quote].
FWIW, during most up cycles — and especially this last bubble — the lower-end properties not only had better cash flow, they appreciated far, far more, on a percentage basis.
I would invest in cheaper housing inland vs. more expensive housing along the coast.
What sdr said about management/maintenace is very true.
