Also, SALT caps don’t apply to people owning investment properties. they still write off the full property tax as a cost. Plus rent prices are still insanely high. Plus Prop 10 was thankfully defeated. No hurry to exit as a rental.
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Some low end properties will “still” cash flow even at this level and these rates.[/quote]
Agreed, but the question soon will be, will we want to? Let’s assume we could cash flow say at 4-5%. Would you want to deal with the hassle of a CD ends up being 4-5% with virtually no risk, and if you think the era of large appreciation is history….
That 4-5% in dealing with a rental probably doesn’t include turnover and vacancy and unexpected repairs
