I have my share of wins and losses.

There is a "most improved" house contest where area residents beautify their homes for the chance to win money.

If you will be living at this place there is an emotional component which might justify you going higher in price to win the property.If this is an investment for long term buy and hold for rent income then it is less emotional and more about dollars and sense.Another factor is velocity of deal flow in your area.

Make sure you ask the auctioneer or trustee if you win the bid, do you get good title.Charles Parish.

If you want to win this race, you need to set up your entire life to support it.

At least on paper, sounds like winning to me.

- Because --- paid on time and received security deposit back, yes, I would.Unless you say "--- was a trashy b---ch who brought strangers home every night," I don't see what someone could sue and win for here.

But that's a perfect example of a win-win in lending, and how costs / rates have come into a much more sane and acceptable neighborhood.Joseph M. - Here's my take on your interesting observation: One - as far as LTV's going up, and hard money becoming more aggresive, that would definitely occur with continuing prices.

On paper, the cash flow looks better in the worse areas, but I've found that over time location wins out, with easier management, less turnover, better tenants, and especially appreciation and more options for resale.A caveat is that if the lesser area is gentrifying, which you say it might be.

I thought it would be a provocative and interesting subject to bring up since Shiller just won the Nobel Prize for Economics.