A reminder why buying for appreciation alone is dangerous

[Jack B.]

http://www.businessinsider.com/josh-altman-learned...

The Altman brothers bought properties they couldn't afford but were making big money on, rolling the proceeds into bigger and bigger properties...until the market tanked in 2007 and they got stuck with a house they couldn't sell and couldn't afford.

Super glad that although I invest in an equity market, I bought properties I could afford with 20% down and are all very much cash flow positive.