Once they get 1% of landlords revenue I could see it going up to 2% ,3% in the next years .On the related note San Francisco is also proposing an additional tax on businesses for the homeless . https://www.cnbc.com/2018/07/17/san-francisco-to-consider-tax-on-companies-to-help-homeless.html——OAKLAND — As the Bay Area struggles with an alarming homelessness crisis, voters may soon decide whether to force Oakland’s biggest landlords to pay up to help house the city’s most vulnerable residents.Oakland Councilwoman Rebecca Kaplan wants to impose an extra 1 percent annual tax on rental revenue that exceeds $200,000, and use that money to fund homeless shelters, help homeless residents secure permanent housing and clean up the sprawling encampments that line many of the city’s sidewalks.The city needs more money to tackle the problem, and collecting it from Oakland’s biggest-earning landlords makes sense, Kaplan said.

Charles is a great market as the economics are fantastic! 

I'm in the UK medium term barring total economic meltdown from Brexit should that occur, so the tax situation is what it is for me until I make it big enough to pay the non dom fee perhaps

Are you aware that the country is living through an important security crisis since about 3 years ago?

REI has historically been very competitive.Cash is not king in real estate investing...deal flow is (lots of it).If you don't start now, you will have no experience or relationships if a correction occurs.If a correction occurs, lending/capital sources can dry up.Investors over-estimate their ability to pull the trigger when prices are crashing and there is no end in sight.If you can generate even a small positive IRR from real estate during an economic recession, idle cash is the risky choice (and is very costly over long periods).All properties and markets will not loose significant value in the next down cycle (real estate is local and good locations will always perform well).Investors can add as much or more value to a property than the potential loss of value in a downturn.If we have capital that we have to put to work, prudent real estate can be the flight to safety.I don't like investing into a hot market but sitting on the sidelines for years is not a viable strategy...just have to be really careful.If you are a market appreciation only investor, ignore this post...that can require some market timing.Interested in everyone thoughts.

I have been reading a few articles lately that say there are some economist that they believe there will be a economic crash is 2020.

I also have a B.A. in Economics, but chose teaching due to the enjoyment I get out of it.

No idea what happens to rents in a major economic downturn outside of some guesses. 

The city has been through hell (crime, bankruptcy etc), but you are seeing folks from elsewhere in CA moving there, and it seems like things have improved somewhat economically.

If the car you own is not necessary, you could save even more to sell your vehicle and move to a more economical car as this is a depreciating asset.