I want the economy to prosper and everyone to have equality and housing.Rent control leads to blight and less housing as landlords and investors leave california and go to nevada and other stateshttps://fee.org/articles/the-case-against-rent-con...https://www.economist.com/blogs/economist-explains...95% of economists say that Rent Control hurts the economy and reduces housing stock and makes housing less affordable to home buyers in the long run.https://www.ocregister.com/2018/01/04/five-things-...https://twitter.com/RobBonta/status/94835829726601...Check out @RobBonta Assemblymember in California on twitter

Personally I am leaning towards commercial right now, but that depends on local economy.

The CON, is that the rates are finally starting to creep, and with how the economy has been, I think it will keep rising.

The nature of a free market and a good economy is that "good deals" are few and far between. 

I don't know how long you have held your properties, but have you seen a downtown in the economy?  

Hi, BPersI have a question on dealing with economy downturn for a long time and would like to pick the brains from experienced investors here (i.e., they experienced 2008 financial crisis themselves).I heard many horror stories from podcasts in which those extremely successfully real estate investors who had been in the business for >30+ years were having very difficult time during 2008.

I think you should sell as smaller towns come with risks of major employers moving and completely crushing a towns economy and population in just a short time if there is any shift... that being said if you know something about the town and its growth potential there is allot of upside should the town grow instead of shrink but an investment like that seems like a coin toss i wouldn't recommend as a first investment due to the inherently higher risk should such a prediction not play out. 

Appreciation is better in San Jose, as long as economy is going well in Silicon Valley.

Columbia also has a pretty strong economy and mid scale hospitality market which will probably undercut your pricing so understanding how to be different and add the perceived value which will allow you to charge more.

I guess I may have a position that is similar to Scott --- I use Airbnb all the time when I travel for work, & find vastly preferable to economy hotels (when my clients put me up at the 4-5 star hotels however I DO prefer that LOL).