In my household a letter like that may not get opened until a week later.

I decided the escalating values did not make sense financially, the average household income was still flat but the average house price doubled in a few years.

Not the best environment for household goods . 

Originally posted by Account Closed I hear you about how things will look over time, but using tody as a jumping off point, the Los Angeles case schiller is at an all time high, around 285, reflecting the stretched valuations- in a city with a median household income of around 60k (I know there is a huge range) where tenants are already paying over 30% of their income in rent. 

Busy running the real estate business, rehabbing one place, landlording a dozen more, and keeping the household intact. 

And I essentially have no hobbies aside from fishing and household projects, watch no TV, no sports, since I am already spending an average of 25-30 hours per week in real estate in addition to the 40 I spend in W-2 role.

B-class rental property criteria: Major airport within 50 miles, Population of least 150k in the MSA, Zip code has: Household income of $30k or greater, 100-250k median home value, last 10 years the population growth is greater than zero (no declining populations) and forcasted population growth is greater than zero. 

A guy today emailed me that there are no smokers in his household and answered all my other questions.  

There is a normal price that a middle class 2 earner household will pay.

I grew up in a smoking household and I know what it was like to live with smokers.  3 of 7 of us smoke as adults.