... and by 89% in comparison to rents.Australia and Canada share the dubious prestige of having housing prices the most out of alignment with the rest of their economies.The Economist, "Global Housing Markets: Property Puzzles"CBC, Canadian Housing Prices 35% Over ValuedCBC, Analysis: Overvalued Home Prices Could Put New Owners at RiskThe only good news from the perspective of the Atlantic Provinces is we've been the anchor on Canada's housing price to family income ratio for the past decade - without our representation, the Economist would be reporting an even higher percentage of over valuation.  

That way you have an "anchor" property that is paid off that you know will provide positive cashflow and can snowball payments to other properties to pay them down, etc. 

I see a lot of people try and they start with creative financing with cheap houses in bad areas and never make it out of that market, it becomes their anchor. 

I also think it has the potential based on it's geolocation, housing stock, and proximity to anchor institutions to mimic that kind of growth. 

Regular frame construction, anchor bolted to a foundation, built as small as allowed by code.

My main concern for that area would be what impact COVID has had on the entertainment venues since they're really anchoring the revitalization attempt.

Hi all,When analyzing our deals, we've been leveraging publicly reported property taxes, which often are a fraction of a percent (e.g. 0.70%) of the purchase price - in this example, on a $100K home, the annual tax would be $700 so divide that by 12 months = $58.33 per monthOne of the lenders we are considering working with says that out-of-state investors pay 2% of the purchase price in property tax, which significantly skews our cash flow into the negative.In this example: 2% of $100K = $2,000 annual property tax for OOS investor, divide by 12 months = $166.67 per month, over a hundred bucks more than what I'd been anchoring to...I tried googling whether this was the rule, and even searching the BP Forums, without finding anything that confirms this.Which number should I be using?

I would use 1 or 2 "mentors" as an anchor and accountability partner. 

So in effect money is a tool that allows you to do what you want or an anchor that forces you to do what you must.

You definitely want some sort of anchor business or college in small towns.