And those people will all need a place to live regardless of a big employer Is leaving town or a bad economy or a new president or whatever  .

I played a round of golf with a friend of one of my bizz partners.. he was ( probably retired by now) president of Con Agra and they lived at the same Country Club in La quinta.. but that was his routine.. leave Omaha or were ever Con Agra is headquartered on the company G 4 and fly to Thermal play gold Friday Sat Sun and fly home Sunday night.. so ya it happens..

In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a fly epidemic; and the resignation of a disgraced president.

Having longer term debt will pay off and remember unless the new president can hurt that you can always walk away.  

The x-factors are a media pumping pumping pumping fear and calamity because we are in an election year, nothing new from the playbook on how to defeat a sitting President, it has always been to diminish economic health and capacity to command in crisis, has gone on for a long time, just never at this scale before.

Steve's glad to slip me a few dead presidents. 

A buddy was the president for the Baltimore REIA.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out the free Bigger Pockets Real Estate Guide http://www.biggerpockets.com/real-estate-investingLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.Consider checking out HUD homes for small multi's owner occupied gets first crack.Good LuckPaul