All Forum Posts by: Stephen Masek

You also need to consider what kind of tenant each area and house will attract. North Vegas properties will probably require much more maintenance and repair.

We were in Phoenix July 5 to 8. The most important thing we learned is what to avoid. There is a stigma on properties south of I-10 and crime there is way up. We saw two exceptionally nice newer forclosed houses (4/2, fancy moldings, modern layout, etc.) very near nice new shopping and so forth in Leveen. Two property managers told us that it takes very long to rent them in that area, and the rents are quite low. We researched crime data, and see that it is an area to avoid.

It seems that Surprise is a good area.

We saw one house which a flipper is trying to sell for too much in an HOA which prohibits renting for the first two years of ownership, and charges a $200 per month penalty for violations!

The Morgan Stanley article or brochure was prepared almost one year ago, and much has changed since then.

Thanks David, I had not previously seen that brochure.

There is also the matter of religious freedom which is trampled by Obamacare, which forces religious institutions to pay for things which are against their beliefs (e.g. abortion drugs). The lawsuit by the Catholic Church will be a very big deal if Obama wins. Hopefully, it will be moot when Romney wins and Obamacare is repealed.

J Scott - I'd suggest reading Dr. Walter E. Williams' recent column "Forced Charity Is Legal Plunder." Private charity is to be praised. Government taking from some and giving to others, with plenty or most blead-off to bureaucracy is not.

As for a "right" to health care, there is none. If charities choose to help, that is their choice. Bad actions have to have bad consequences, or society falls apart. If they are lucky, those who do not behave properly will find a relative or charity to help.

Of course, those few born with birth defects are a special case, as they ad their parents (in most cases) did nothing worng.

Brian - you really ought to go visit places with the fully socialized medicine you say you want. Go to that cancer ward with the people screaming in pain because they do not have cash for painkillers (I can give you the address). Go see the old people dying for lack of care unless bribes are paid. Go see all people waiting and waiting, unless bribes are paid. Do you really want that? If you have some utopian dreams that it would somehow work out differently here, why? Such schemes, everywhere they have been tried, always have degenerated into rationing, bribery, and neglect of old people.