Buying a brand new house is a bit like buying car in its first year of production: you will be the guinea pig dealing with recalls, manufacturing defects, and unanticipated problems...whereas, if you buy a car that's been in production for 10 years, there's a better chance that the manufacturer has ironed out many of those problems ....or, that the problems have manifested and the car has a poor reputation for reliability--which steers you away (pun intended) from purchasing the car.It's also somewhat common for older houses to be "rehabbed" by flippers who use shiny new materials to cover up or distract from serious underlying problems.

And good Bourbon ;) Ironically in Columbus tonight for a weekend of wedding festivities.

I have thought about using a small amount of liquid sewer or drain cleaner periodically, but I don't want to do any damage to the not new cast iron pipes.

The ironic thing is...

What's ironic is that I just spoke to a banker today who's offering a loan product that caters to income-producing properties at bank rates.

Is that actually mold on the liner or discoloration from iron and calcium in the water? 

Experience will help you iron out your systems.

Is that where you own the property but wear the discarded clothes the tenants leave behind in order to be as ironic as possible?

Ironically, that was mine last year.People with lots of wealth earn from profits on capital gains through business transactions, and dividends which are also tax favored.Successful business people will hopefully be rewarded for business activities and since unemployment is so high, even so called fat cats who are potential employers are probably going to be favored.Not sure what rich is.

Ironically, Marcus & Millichap also believes the commercial market will likely top out next year too.