He has not taken care of any of the household maintenance that needed to be done.... things are falling apart.

Newlyweds immediately received a $1,000 loan from the government to establish a household.

If mortgage money stays really cheap, the inventory of rentals goes up, and the access to mortgage money is scarce I guess a lot would depend on employment and how households form.

I usually look for household income a little higher, but it's so hard to make generalizations.

We plan on being there, although the movers are "supposed to" deliver our household goods that day.all cash

Also read those blogs I posted in the other post, and find blogs for the other boroughs too, they have interesting information sometimes about new houses for sale etc...As for foreclosures here is an article from the Observer.. http://www.observer.com/2008/new-york-foreclosures-way-were-still-no-l"In New York City, with its over three million households, the 918 new foreclosures affected 0.030 percent of households.

Instead of forming households, many in this age group have stayed in or returned to their parents' homes.

ThnaksTypical neighbor is predominantly of White ethnicity, majority attaining High School education level and generates about $33,986 per year in household income.

However, I highly doubt that is indicative of our average household income, especially in the Seattle Area.Is Seattle a good area to invest in?

Background- I'm a new 25 year old prospective investor and am looking to buy and hold property to create retirement cash flow/income.I'm looking over everything I'm seeing in my area (Reno, Nevada), and after I take into account a property management company ($100/mo), CapEx (5%), Repairs (5%), Vacancy (7.5%), Rental Property Insurance (+/- $500/yr), property taxes (.8% of assessed value), and a mortgage of 80% of the home's value, I'm cash flowing so negative that it's not even funny (problem couldn't possibly be fixed by managing the property all on my own).I know that housing prices are abnormally high in this area relative to median household income (they have dropped quite a lot in the last few months), but rent is also sky high.