I don’t think people buy these places to cash flow them.
Yeah, but what kind of crack did you have to be smoking to buy a non-cash-flowing place in 2011?[/quote]
SFHs in CV have never been good cash flow properties. Not at the height of the market, not at the bottom of trough. There was positive cash flow for an all-cash buyer. But prices have never been based on what they could rent for.
