As a result, the luxury points of the markets are getting decimated (esp here in Phoenix).

., who has the luxury of keeping his minivan stocked with his tools, that capability has been lost to me ever since assuming control of the RAV4.

And as the curve flattens out there is still the luxury segment, which is typically not a good on purpose investment.I was quite surprised when I first conducted a full analysis of my home market, when I found that cash flow was strong as expected on the lower end and then would start to decline as you go up in price.

With all the money I'm saving with NO state income tax and lower housing costs I can take luxury vacations all over the world to places much nicer than SoCal.

If central cooling is a requirement and not a unnoticed luxury in that market they are still a good option.

In fact, often “fast cash” gets construed to be expensive, but if you’re receiving “fast cash” through the sell of an item that’s constantly and forever losing value, it’s more cost effective the sooner you sell it for fair market value.People get mesmerized by the big numbers involved in real estate and how unattainable those numbers seem, but then fail to put into perspective what percentage of our luxury belongings and expenses truly are in comparison and what could have happened if we designated those funds into investments instead of material possessions.- The $2000 TV hanging on the wall…that’s 4% of a $50,000 property that around my town in central Iowa will buy a basic, move in ready, two bedroom bungalow.- A $4000 credit card balance someone racked up from the past six months of excessive shopping and entertainment…a whopping 8% of a $50,000 home.- That $6,000 family vacation to Disney World is a staggering 12% of a $50,000 property.- The $12,000 boat sitting in the neighbor’s garage he only takes out 4 times each summer, it is basically a 24% down payment for a mortgage on a $50,000 rental property.Heck, even the PS4 that I just had to have for some late night Call of Duty action and spent probably $700 on including a couple games and accessories is just a hair under 2% of the total $36,000 purchase price of the investment home I bought – and I actually find that sort of sickeningly interesting if you really put that into perspective.

I have never had the luxury of having a 401K, as a federal employee we have a Thrift Savings Plan (TSP) with no fund matching.

(it could be that only makes sense to me, but i think it works - lol)  The profile of borrowers changes as you fall from luxury to high to middle to low property value based loans.  

If you're going to pay for lodging anyway, why not try a tiny home?

@Hannah Hammond  NOn leinable in that context I believe means no security instrument lodged against or recorded against the asset you purchase..IE No debt .. the money you borrow is capital in say an LLC that you both own.