You'll have an affordability crisis that'll revert when wages>rents making RTP tighten.

I haven't seen a May this soft since the financial crisis.

Leveraging too much is exactly what caused the housing crisis some years ago, the impact we are still feeling today.The problem is that people get so focused on the "rent" and fail to calculate ROI or yield.  

Of our 50 plus loans about 10 went into default in the financial crisis of 2008.  

The 2 Bay Area properties (my SFH and the apartment building which is co-owned with other investors) were acquired pre-2008, so before the Great Financial Crisis.

While Greece is generally still cheap compared to other European locales, partly as a result of the Global Financial crisis, real estate on the most popular islands like Mykonos, Rhodes or Santorini is actually very expensive - as much as 10,000 euros a square meter.

So just make sure that when you do have the convo (I do think that is a very high split for that person), you need to be diplomatic and realize that they may take offense to it or not want to reduce their split at all.  

This house isn't winning any architectural design awards on the outside-- I joke that it is having an identity crisis.  

So that doesn't mean we have a 'housing crisis', it means they need to move farther east like people have been doing forever.Regular income people used to live in Pacific Beach too.

i dont have to say it did not end up well.  2008 crisis got him deeply.