Watchhttp://ochousingnews.com/news/the-folly-of-negative-cashflow-investment-2?source=Patrick.net
Real estate investors during the housing bubble put their money to work on faith. There is no logical reason to believe house prices only go up. In fact, there have been two prior periods in California’s recent history where house prices did, in fact, go down. However, with kool aid intoxication, otherwise known as faith-based investing, reality is ignored.