Thanks for bringing back statistics for us all.

I would like to know where he got this statistic about 10 years and out of the industry.

Of course seeking a reconsideration of value is hardly an issue to anyone other than the poor appraiser who has to endure it, but it is bad advice to anyone and a waste of time, statistically speaking that is.

@Andrew Postell yes...significantlyMetro Statistical Area...not so much

Statistically real estate keeps up with inflation or 1-3% gains (unless strong market demand and limited properties like Venice Ca or Palo Alto). 3% means you double your money every 24 years.

Very simple math.. you can't get 10% C on C on the coasts.. so they go looking other places.. because appreciation is gambling and cash flow is everything.. then sine they don't want to be left out of the game and they can get started with 20 to 30k in cash they go for the next best thing a mid west rental.. that's why this whole phenom works.I agree 100%, and beyond this, I've seen many long-distance, and even local buyers who shop only by "statistics", get royally screwed by believing the numbers they were given and ignoring the subjective data of their individual market to justify what they want when they can't find it elsewhere.

That, paired with economic statistics of the city, occupancy levels on particular blocks where you wanna buy, should help make an educated decision on this.

I saw a statistic that said we have the most single family rentals since the 50’s.I, like many others enjoyed the fire sales of days gone by.

Originally posted by @Russell Thomas:About half of the replies in this thread are amazed and confused by why the government would take such an action.The moderator prohibits us from answering this question if we discuss nasty things, but I assume we are allowed to state some statistics and make historical and logical observations as long as we do not break the rules.7.1% of the population report rental income on their tax return. 36.6% of the population rents.

When this changes, I would expect a flood of S-TR filings since a lender will initiate legal action even if the default can be 'worked out', or cured, because statistically a certain percentage of cases will not get resolved and the lender will indeed (through the trustee) proceed to sale.