Posted by Gene on March 09, 2006 at 15:54:17:
If you can find a fundamentally sound deal than its a good place to invest.
Getting in and hopeing for appreciation is very dangerous.
For me appreciation is a bonus. I follow trends because they can make you alot of $$, and I like to invest in properites where I think appreication might make me a little more. But I am more concerned about good cashflow and buying well below market value giving me built in profits and security.
Negatives that I heard of for Galveston TX…very high insurance and property taxes.