Many investors' perceptions of the city wwere changed!

However, it's important to assess whether there was any discussion or agreement about who would be responsible for taxes upon selling the property.Financial Responsibility: Your parents' frustration about the tax bill might stem from their perception that you didn't handle the situation responsibly, especially considering the late payment which incurred additional fees.

Rather it's an indicator of market sentiment and more specifically investor's perception of the risk/reward.

My perception is that there isn't any ongoing damage, just risk of leaking again.

Then you should have nothing to worry about.For many years now we have been telling investors to use their own expense deductions when calculating a return on investment.Our marketing team only quotes the “hard costs” as in - taxes, insurance and property management fees.We suggest discounting another 15% from the bottom line for maintenance and vacancy but I’d much prefer for everyone to OVERESTIMATE the expenses and UNDERESTIMATE the income using their own calculations.If the numbers work out then, the investment might be worth pursuing further.Classifying areas can sometimes get convoluted.Since I wasn’t born with a silver spoon in my mouth and consider myself a working class guy, my perception of B class might be someone’s of “Z class” lolMy advice to all is to visit town and see the areas for themselves.I’m confident they will be impressed.Especially if they have already toured other markets with similar price points to ours.Real estate is a rollercoaster of a ride and as much as we want to make it hands off/passive.

From my view point there are a lot of people in our society that want a paycheck, but a lot less that want a job.

You make it sound like you're better than that and seem to think lot in society are.

Unfortunately, I think it just mirrors where society in general is, and my theory is that as societies becomes wealthier and life easier, it breeds a disincentive in the population to get off their *** and work for anything.

Portugal is a modern society.

The Wealth of Nations, Adam SmithOne of the most essential economics texts, The Wealth of Nations forms the underpinning of much of modern economic theory.Capitalism and Freedom, Milton FriedmanMilton Friedman's iconic work argues that economic freedom is essential to a free and liberal society.