NYC's apartment market rounded out the top 10.Below is the latest from Oxford (UK) researchers.Keep in mind LA is #1 nationally for total sfr returns ( cash flow plus equity) since 2000.

Not to say people won't make money there it's comparable to gambling IMHO unless your horizon is 20+ years.

You have to admit that he has guts, the problem is that he’s using our money to gamble with!

. $400 a month ($100 for the area, and $300 for the gated community).Now I was going to rent for $2600 to cover the mortgage (which is about $2500...the principle is about $250 the rest is interest)), and cover the HOA's and property tax myself...the thing is my husband earns over $150k so we don't get the tax benefits as far as I know.We do have extra money aside ..about $80-90k in the UK...was hoping to use that to help upgrade to a new home someday...don't mind spending some of it to keep the current...but just scared of throwing our money away in the meantime even if the house does go back up again in few years...and make no money at all but a loss...most of all our savings gone..house now has capital gains if we leave it too long (even if we can recoup some of that loss as passive loss when we sell...seems like injecting so much money each month over x amount of years won't really pay back), and the company not paying closing costs then etc...Is it worth it, should we just sell?...

That's just gambling.

I don't have bank loans in the US so I can't check the fine print.How about the UK?

How crazy will I be if I liquidated my $3k and maxed out $30k on credit card,and played this high risk gamble with my credit?

You sound like a person with a gambling addiction.

There is NO worthwhile cash flow here compared to almost any other place in the country, so everyone is gambling strictly on appreciation?    

Why not take a gamble with a hungry newbie on something small and get through the deal with them, rather than relying on them only.