Do you think Corvette dealers go home and cry every night because they can't sell their $80,000 car to a retiree on social security?

Then they get in trouble because of too many retirees and not enough people working.

3x gross rent multiplier in CA is either a steal or a disaster.20 years ago, when I was in Palm Springs fairly regularly, Desert Hot Springs was where retirees lived cheaply.

No, no, no, the local stereotype of the general area holds, the comments on the Internet from 10-15 years back stick around, and the local retirees and their families keep their mouths clammed shut.

Rent and sales prices will continue to be buoyed by high population density and a diversity of population growth factors: job growth, organic population growth (births), and domestic migration (retirees and so forth).

I am not talking about the retiree population.

If you're looking at used cars again, I really like looking around my neighborhood for single-owner cars of retirees.

@Michael Plante I want to find a tenant who is fine with being a landlord because I will be building a duplex in Ecuador and selling it to someone, likely a retiree, who wants monthly income because they didn't save enough for retirement, hence why they're living in Ecuador in the first place. 

We believe that even in a worse (pretty unlikely) case where ALL of our at risk tenants fall behind, we will be able to mitigate our impact by bringing currently empty units online and targeting markets like section 8 or retirees who will still be able to pay in a severe recession.

I primarily invest in a vacation/retiree southeastern area.