There is a severe lack of supply when it comes to affordable housing.It’s remarkable to see how it can transform someone who is homeless and being able to help restore their dignity has been a spiritual return that is “priceless”.I’d like to see the VA do more community outreach at local REI meet ups.

Either buy the cheapest house you can be happy in and invest the rest -or- buy, repair, resell every 5 years.  

I would suggest when you're ready to purchase a place, buy something that is either a 2 unit (or 3 or 4 unit) to live in and rent out the rest.....or be willing to rent out the basement or extra rooms in your home.

Fully restored, it will be worth 8-10x what you paid for it.  

We also bought another building on Main Street and are in the process of restoring it to its historical beauty.

Oh well, it is just another bubble waiting to burst at this point.They recently tried the reducing automobile lanes to accommodate bike lanes thing in L.A...they call it a "road diet"..it backfired as residents and commuters got fed up with it...and now they are restoring the lanes. http://baetrice.org/new-lanes-coming-to-vista-del-...No common sense with so many of these so called political 'leaders'.

,First off, thank you for being one of the many investors that has helped restore places that were in bad condition and turn around areas where the property you worked on was at.Are your rental properties in a rent controlled area right now (I'm guessing pasadena)?

It too requires hundreds of thousands of dollars to restore it to a liveable standard.There are also a range of other homes currently advertised at considerable discounts.A four-bedroom duplex on West St in northern beaches suburb Balgowlah is currently listed for $325,000 below its original price of $1.9 million.In Belfield in the Canterbury area, a home at Statham St is being offered at a $275,000 discount on the initial listed price of $1.45 million.A unit inside this building at 301/1-9 Meagher St, Chippendale, was first listed at $520,000 to $550,000 but sold for $429,000.Source:SuppliedA two-bedroom unit on Liverpool St in Darlinghurst is advertised at $100,000 below the original listed price of $1.5 million.Realestate.com.au chief economist Nerida Conisbee said it was inevitable that sellers would reach a point where they could no longer command prices $100,000 or $200,000 above what comparable properties sold for months ago and still find a keen buyer.

Bored to death with no homes to restore at the moment... 

The amendments to this paragraph enacted by the act adding this sentence shall apply only to tenancies for which the tenant’s right to occupy begins after January 1, 2003.(4) To remedy future defaults by the tenant in any obligation under the rental agreement to restore, replace, or return personal property or appurtenances, exclusive of ordinary wear and tear, if the security deposit is authorized to be applied thereto by the rental agreement.