@Ben KirchnerClosing costs, interest rate changes, economists talking. 10% gross spread is a receipt for disaster.

@Kylin WashingtonHi Kylin,Don't neglect earning a daily living too.Do you have a job lined up yet in Dallas as either an Economist or a Salesman (to match your degree)?

@BJ Everson Most Economists see the next recession as either 2019 or 2020, due to the Federal Reserve raising interest rates too high.

"Economists" like Harry Dent have been predicting one for the past 30-odd years.

In 2020 the tenants groups will be pushing for statewide rent controls..https://www.sfchronicle.com/politics/article/Rent-control-back-on-California-s-agenda-with-13688715.phpHer's some rent control studyhttps://www.nmhc.org/globalassets/knowledge-library/rent-control-literature-review-final2.pdfTHE ECONOMIST 2018https://www.economist.com/united-states/2018/11/03/rent-control-is-a-hot-button-issue-in-california-again

I want the economy to prosper and everyone to have equality and housing.Rent control leads to blight and less housing as landlords and investors leave california and go to nevada and other stateshttps://fee.org/articles/the-case-against-rent-con...https://www.economist.com/blogs/economist-explains...95% of economists say that Rent Control hurts the economy and reduces housing stock and makes housing less affordable to home buyers in the long run.https://www.ocregister.com/2018/01/04/five-things-...https://twitter.com/RobBonta/status/94835829726601...Check out @RobBonta Assemblymember in California on twitter

Left and right economists area 95% in agreement that it leads to 1. less housing as people take their rentals off market 2. ultimately less affordability 3. messed up tax and entitlement systemThey're voting on it this week in california to expand rent control to condos, single family houses, and new builds (which were banned before) Costa hawkins AB 1905 tell your local assembly member to vote no...for California Assembly info go to this california .gov sitehttp://findyourrep.legislature.ca.gov/ CALL BEFORE JAN 9Call before this Tuesday the 9th because they're voting on this HUGE impactful Rent control legislation for all cities in California.This is actually bigger and more impactful to landlords and property owners than the Trump tax reform if you live in California.This is by Buildium https://www.buildium.com/blog/ab-1506-threatens-re...

Local economists are projecting 2 - 3.5% appreciation over the next 3 years.  

Pretty much spot on from what I can see:  https://www.marketwatch.com/story/does-rent-control-on-property-increase-or-reduce-crime-rates-these-economists-have-the-answer-2017-10-09

Somewhere with some competition between well-established property management companies is ideal.Also... and please know that I am not an economist, a real estate professional, etc. - I'm only speaking from my lived experience/gut, and in consideration of the current political and economic instability... but I am in no rush to buy my next property.