I have enough cash for two years of expenses with no rents coming in, but that's because I'm a stupid, fearful saver who's happier having the liquidity than I would be getting an unpredictable return in today's market.

Not investing in RE whatsoever due to dread of a future unpredictable downturn, however,is definitely irrational.My take is: analyze analyze analyze, make sure the numbers make sense, protect the downside as much as possible, and get after it.

Steve would have had the ability to settle down his roots here instead of being priced out of the NYC location.I know Investors tend to think of only in terms of Today and find it very unpredictable to think of tomorrow, but please remember that even Squirrels think about tomorrow as they put away their Nuts for the Winter.

I have bought in the east, which is a little more unpredictable, because it is closer to where I live- I have properties in Cleveland Heights and Garfield Heights.