West Hartford would be excellent, the only issue being the speculators.

I also mentioned to him that with a single family home, I am *speculating* that the appreciation will rise in a single family home and this is my only source of equity.

Our days on market has actually gotten better in the past few months then in the past year, so we are seeing minor indicators that are drawing a bigger picture.The reason I am going to speak in Australia is because there are so many serious investors there that are wanting to get into this market and now that the speculators have basically moved on it is making the acquisition costs fit what they need for a good ROI so the we are seeing alot of seasoned investors roll up their sleeves and getting in here in Houston.With all that being said, this could change next month if oil prices go more extreme one way or the other.

This is speculating.

It is speculative to say that it will back around in St.

@Brian OrrI would be very careful about speculating on the turn around of a neighborhood.

Alternatively it could meet a economic wall that cannot be ignored and come to a very abrupt stop leaving a lot of folks drowning (just ask some of our neighbours to the south how quickly the party can end).Finally, yes, there is still money to be made, but the approach you outline is more speculation than investing.  

I guess it would be a pure speculation play.  

I made more mistakes during the boom, not buying based on the ability for the property to support itself but speculating on the fact that the market would never stop going up and would be the exit.When the market crashed I lost big because of that but when I regrouped, I learned how to buy in that market and those are the investments I still consider my best.

Do his family a favor and get the house so he does not put what money he has into a speculative RE investment with no job and no back up plan if things go south on him...and his family.