We all know what happened when every Tom, Dick and Harry with a pulse and a pen could borrow insane amounts of money to buy worthless real estate, and it won't take much to restart that cycle.

Bill, Cali might be a more normal market if there was not every Tom Dick and Harry from the entire planet trying to buy here.

Ironically, this was a contributor to the crash - read "The Great Depression Ahead" by Harry Dent.  10,000 babyboomers will retire each and every day for the next 22 years.  

Paging @Don Harris...........!

Quote from @Theresa Harris: Have you thought about looking for space for him to lease?

—Buddy Kane the RE KING (Peter Gallagher) American Beauty 1999.

Keep in mind that property taxes are based on appraisal, and, if the property sells, based on the sale price which can adversely affect your taxes especially in a high tax environment like Harris County TX. 

Quote from @Theresa Harris: Yes you can. 

Were any of you at the meeting at Harry's Haufbrau on Tuesday night?

Harri you have to know your market.If everything in Hawaii is trading at a 6.5% cap in quality areas then the 7 is good.If the average caps are trading higher at 8 then by the market you can do better.If you are wanting a 10 cap but every buyer there is willing to settle for 7 then you have to go outside of your area.Why is a seller going to sell to you for instance at a 10 cap when buyers are beating down there doors for a 7 cap??