Personally, I always thought that they would be a product that would appreciate faster than older units.

I don't think the forces fueling demand in Phoenix area are going to slow.

@Shay Levin You can close faster with owner financing, you can bypass appraisals, lower closing costs, presumably easier lending criteria from the seller, and it's easier to buy multiple properties.

The smaller amount of cash you put in, the faster you start making your profits, and the less risk you have.

You'll be able to scale faster this way.

You can actually pay off your current properties faster by switching them to 30s, buying more property and then selling the extra properties at the 15 year mark.

But this emotionally-fueled investing mostly from fear is elevating the market value above the intrinsic value of these various financial securities.

All said and done, More than likely the population CA will continue to grow in coming years and at a rate much faster than the overall country.

And wonder if that would help save up faster for next down payment

If they can’t wait a few days for payment, it means they’re spending your money faster than it’s coming in.