Than I saw some "limited luxury townhouse development" called wheatcheaf or something like that further out out advertised with starting prices in the high 800s I mean if you look hard enough you could own a colonial in glen ridge or Montclair for around that price...SO OVERBUILDING is my opinion with our current situation and more importantly OVERVALUED properties.

Scotty well the lower the rent, the slightly higher the % the PM needs to bother manage it.likewise though yea, managing bev hills mansions (or most any large corporation office buildings in socal) each rented at say $20,000/mo then there's lots of room for negotiating down the PM bids on that property.

Im thinking of selling my home based on the cost of living rather than the luxury of owning a home.  

I am an ultra successful real estate investor, rather than go back and forth replying to erroneous comments they only one I will respond to is by Mike's and the rest I will take a pass.

I've been thinking about a condo, like a luxury one (125-165k).

Majority of the book was about his ultra frugality and how he invested that into real estate.

I have not had the luxury to evict anyone in 9 years though I am sure my time is past due; the letters from an attorney or two that I have used commands complaince or the mere threat of an eviction.

And yes, the ultra-favorable financing terms are my entire point in my interest.

It isn't all passive (yet), but just wanted to let you know that it certainly feels like a luxury to be able to do so.  

It looks like I'm not the only one that thinks you're getting a little too comfortable with the bikini babe/fancy car/mansion crowd ;) I'm a year away from 40 . . .