You must tell your politicians to reduce property taxes - In such depressed economic circumstances, those taxes are deals killer.A house in Ferndale (MLS No. 29071925) sells for $12,000 but the taxes (Summer & winter) on it are $3,085 (A mere quarter of it's asking price).

"Speculators" are a convenient scapegoat for the media and politicians, and this finger pointing works because of the criminal negligence that exists in our education system that refuses to teach anyone anything not related to learning how to be a wage slave.As far as oil as a bubble market at the moment, I don't know but I would say we are probably above the true value curve.

Let the tenant know that all back rent will be due as soon as the politicians extract their heads out of their behinds.

A lot of politicians are backing these rent controls as a sort of populist movement to get votes, even if it can lead to blight, and ruin local economies.This is the biggest law shift which will first affect major cities: Los Angeles, San Francisco, Long Beach, Oakland, San Diego, Orange County cities.  

The Gardere geographical location is only spoiled by the near by waste site (which kinda tells you what city politicians think of people) but nevertheless, you have to think long term with a property like this.

I'm in NY where our governor/other politicians are basically trying to ban guns and I've never heard of a landlord not allowing guns. 

While each component part is not overly hard to understand, there's a ton of steps, and each step has risk embedded in it AND you are dealing with people all along the way: brokers, land sellers, planners, politicians, bankers, construction folks, renters, property managers, and buyers.

I'm glad I voted over and over again for no sales tax no matter what the politicians said.  

@Pat Marco I know you are an attorney and I am not but I'm originally from Puerto Rico and I've heard on PR news channels when interviewing the politicians that came up with this tax incentives (like Alberto Baco Bague, Secretary of Economic Development and Commerce), that you HAVE to move to Puerto Rico in order to apply.

Once people see that the only answers bankers have is to print more money and the only answers politicians have is to spend more money.