re: Are wages in CA really that much higher than LA?

quote:

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Or the bubble burst over there and hers is $250K less and his is still rising at a steady and healthy 2-3% appreciation per year which is what you want in a RE market. Anything more is actually dangerous.

You can't make blanket statements like the one you posted but I know you don't understand that because your whole post history shows you throw shite at walls and hope it sticks.

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Stout, I understand that I anger you, but you citing a bubble burst "snap shot" of real estate is at best laughable. That market has had decades of growth and a couple minor hiccups of just a few years.

So one shouldn't invest in real estate(typical long term investment), because there may be a 3-7 year stretch where valves drop? I guess no one should invest the stock market, or if they do only buy blue chips(20% the rest in CDs?).

Louisiana has good income producing property situations(10-12% cap rate), but not much in appreciation(any increase is often offset by improvements made(roof, re-paint, new appliances, etc). Major Markets have virtually no income producing opportunities(short term), but tons of appreciation potential.