Surveyor, totally agree with you that cashflow is the way to go. And if you run the numbers and they look good on a property, then yes, I’d totally agree. If the article was titled “there are still some markets with properties where you can generate positive cashflow” I wouldn’t have ridiculed it. But, the focus still seems to be the capital gain (from the rebound!!!!), not the cash flow. The problem with the bubble is that people stopped worrying about cash flow. This article is more of the same.