Our tenants just wanted a good deal in a safe and clean building in Silicon Valley and didn't care about luxuries. 

Don't even go there--keep it easy, you pick the carpet then when he moves out put in luxury vinyl flooring which is inexpensive, easy to clean and totally waterproof!

How dare somebody not realize an actual indoor toilet is a luxury that can be used by a dozen people!

But that luxury segment... psshhhh $600k  for a townhouse with 1,000 sq foot lot?  

WIth this infusion of capital we were able to acquire our next home, a luxurious AL home with operating business in place.

That would give us enough to live to 90 years old in luxury.  

Have to look good driving to the pay day loan store. yeah, people in mass generally make AWFUL financial decisions, even in the face of good advice. so if you find out what most people are doing and do the opposite, you'll probably end up in really good shape ;) paying interest on a high depreciation luxury is worse than buying a house in market mania and speculating that it will appreciate to no end. the house MIGHT appreciate, but the car is DEFINITELY going to be worth nothing in 8 years. buying a car should be an effort in minimizing the damage for the necessity of driving.

We have the luxury of getting together and discussing in person but but for those here the discussion may be helpful.

I personally don't care much for luxury items so I live a modest life style.  

He was a luxury housing developer, and when I told him I was thinking about rentals, he was like "why would you ever do rentals. there's no money to be made there - you can't cash flow in the bay area".