From the perspective of analytics, the current price of residential real estate is just about where it should be, if you graph the increase in home prices from 2,000 to 2015, while skipping the recession.

Straight store bleach can be strong as long as it is fresh .

If you buy that home I doubt you will be able to pick up another in Mpls soon.Did you run the perspective home through the BP calculator?

Just to add another perspective.

From a financial perspective, I'm doing well but I'm having an internal battle with what I WANT to do vs. what I feel like I should do.

@Bob BowlingCan you a define your definition of a profitable property from an investor's perspective?

I was impressed with her at least from my perspective as the seller.  

My second contract is the actual contract I closed on.Crazy thing is, I didn’t see the house before I put contract in.I trusted that my agent knew exactly what I wanted by that time and I flew in to see the house during inspection-before close.STEP #5 Found the money  Now some would probably argue that this step should have been higher up on the food chain…BUT I am simply telling you my process.Being fresh out of college, I did not have the capital to pretty much buy ANYTHING cash-no matter how “cheap” the property was.What I did have was good credit and a job.

Brent - I don't know that I have nearly as much experience as the other folks who have commented on this thread, but my queestion would be not necessarily what's best for your grandmother from a financial perspective, but at this stage in her life what is it that she's looking for?

Anderson, I totally understand your perspective.