From my narrow point of view of Ventura County millennials that aren't in tech or a liberal waitress, any young person with a good head on their shoulders will be packing up and leaving soon. 

At least in ultra liberal Seattle where the property is located.

I suppose some might construe it as a backhand against the idea many people have about California - liberal, etc - but depending on the part of the state it could just as easily be construed as being against conservative ideas, such as the conservative mountain counties breaking away and forming their own state.

Even in liberal Austin, where I work and invest, it is still fairly easy to evict and enforce your lease.

The math would look like this:  If you snowball your debt payments, every bit of interest that you would pay to the  bank instead is liberated, presumably to pay down even more debt. 

But I live in a liberal state and you don't know how the courts will rule.

And those places tend to be the places where good liberal thinkers (I count myself in that group) have tried to control the free market - usually with the best of intentions - and placed all kinds of restrictions on building new housing.

Properly capitalized, I’m sure flips produce good margins, but rent and hold, with liberal fruit cakes must be challenging???

This is why I never bought in liberal states, lol. 

. - Not sure who's creating the myth of mixing between PAL and depreciation.What I don't understand Mike, is whether the real estate related to depreciation in US....is very liberal and giving more advantage to the investor.