Phoenix
Veteran
- Apr 16, 2003
- 8,584
- 7,430
"How stupid can you get?" For Calif real estate? = I got that totally beat for stupid. I had two rentals in The Peoples' Republik of Kalifornia, SFO Bay Area (once a fantastic place to live, but...etc) that were almost at the rent-pays-the-mortgage point..and sold out in the late 80's..resulting in a sacrificed 3/4+ mill over time on that pair, versus where the funds went.
Yeah but the new owners and renters can only vote two-to-one against you regarding the current income generation from that property. And we both know its a sham vote. You are in great company.. in a hot desert sort of way.