I use www.simplifyem.com (aka TREX global)-- I like this site because it's only $3 per transaction, and it's a complete accounting app, AND it was free for less than 4 or 5 units when I started.  

Take a step back and look at what is happening:ï‚· Subprime meltdownï‚· Housing bubbleï‚· Foreclosure crisisï‚· Bear Stearns collapseï‚· Countrywide Mortgage rescueï‚· Fannie Mae & Freddie Mac bailoutï‚· Lehman going underï‚· Merrill Lynch takeoverï‚· Wamu in troubleï‚· Wachovia in troubleï‚· Citibank at riskï‚· Banks pool together $70 BILLION to shore up liquidityThe financial & banking system is being held together with bubble gum and bailing wire.

House prices are cheaper now because of the global crisis?

But everyone no longer has any debt and the small town’s people look optimistically towards their future.Could this be the solution to the global financial crisis?"

A conventional recourse lender (bank, credit union) is focused on the asset to be acquired and will also underwrite a Sponsor's global cash flow from all sources irrespective of their performance on a particular asset. 

I would not have bought in Clinton Hill, Bed-Stuy, Ditmas Park, Windsor Terrace, all in Brooklyn.I would never have seen rents and appreciations which moved up 5 times the purchase price, 10 times the purchase price, etc.I would not be purchasing MORE investments, this time at $2 Million for a multi-family.If you really want to Invest in these higher appreciation areas, you should really put some thoughts into the Future Financial Maths, the Pro-Forma 10 year Projection Business Plans, the Economic activities in the areas, the cycle that I described above, and for international cities like NYC and SF, global fluctuations in Currency risks as foreign money moves from higher risky international areas (think Venezuela in today's current economic news) to less risky International cities.Just some food for thought!

When I was in project management, I worked on global projects.  

A background in economics and financial economics, previously worked at a bank, now in a global leadership program at fortune 500 financial firm. 

I'd much rather be in RE for the coming storm with assets that I owe fixed amounts of interest on.Compare Dent's opinion to john bogles recent interviewhttps://personal.vanguard.com/us/insights/article/...obviously cap rates are going to change once interest rates no longer hover near zero but with proper marketing - even in a heated area , deals will exist that easily beat these projections for "safe , armchair investments" 4-5% , we're staring down, not stagflation or anything like that but a definite slowdown globally, with africa and south america and parts of southeast asia being the last catchups for actual industrialization (I suppose a good portion of india as well but they haven't exactly been growing slowly these last few decades)Millenials prefer to rent IMO because so many are burdened with debt and so many baby boomers have yet to retire because of the double whammy to retirement funds that was 2001 / 2008 , millenials aren't stupid - just poor. 

I am in the global trade of fruits and vegetables.