appreciation

[Michael Lyndon]

Hey Guys,

A smart investor would not attempt to calculate profit on a property based on appreciation, but taking that into account, broadly speaking, would it be a better move to invest in a market which has seen a large drop in prices such as florida/california, would a more linear real estate sale history of some of the more northern states in the US which have only seen small gain/losses be better? Or would there be no difference at all? Assuming a fix/flip investment strategy. I would think people less adverse to risk might gravitate towards a more linear market. Then again, in the short time it can take to flip a house,relatively speaking, appreciation could be negligible in either market.