You'll probably try to say that when you pay the $190K you're actually saving the other $142K in interest over the next 29 years or some other wacky BS because you're immune to simple, rational explanations, but I'd be willing to bet that that math doesn't work out as well as this does.

SFR has different funding but residential would not be immune to an economic recession caused by tight consumer and commercial lending. 

Not fantastic to some investors, but in NYC, you call it a major accomplishment, because often, people pay over asking to compete for properties.Having said all this, NYC is not immune to the laws of supply and demand.

People hated the automobile, MP3's, electric elevators, and were afraid of flight.

There is every reason to expect the same will be true again, for the reasons stated above- We are in an area of the US that - so far - has not seen a very high rate of COVID-19 infections.  

Assets that may be used to secure funds include automobiles, artwork, collectibles, real estate, or financial assets, such as savings accounts, certificates of deposit, stocks, bonds, and 401(k) accounts.

Renting to faculty, out of state students, students from abroad and more of year round (such as residency) students will not carry the same short term renter displacement, but may require a higher level of finish in some cases as this becomes a year round home.Perks here are- -Year round rent under the same renter/ as your lease terms apply-Some renters having supplemented housing stipends paid in the form of allowances, stipends, and other arrangements -Lesser degree of potential property damage for those in graduate/residency programs (simply based on age and maturity - again, use the automobile industry here in why most car rental places won’t rent below age 26)-Less need for obtaining co-signers (allowing tenant to solely establish some credit history as well)When your tenets do move on and out, as a ‘thank you’ for being such great renters for the span of their academic career, it can be nice to offer a letter of reference as well for future renting needs.

They are immune to the facts that what they are doing hurt the people they claim to be trying to help.

I agree with this but no amount of due dilligence can make you immune from large market shifts.

I have bought 2 previously and understand that contents are mine to keep or dispose.My question is that this particular home has a fairly new automobile in the garage.