The idea is to freeze in your costs. As noted you can get a house in SW Washington for under $60 a foot right now, if you are will to work with bank owned, bankrupts or HUD.
The house I just purchased costs me $421 a month for the morgage, taxes and insurance. I can rent it for $750.
(I rent it to one of my kids for $560)
Although the taxes and insurance will probably rise slowly the morgage cost is frozen in at $271 a month. If I was an owner I would not have to worry about the rent going up.
As a business deal I had to put 20k down, If I rent it at $750 I make about $200 a month, a 12% yield on my investment.
Be quiet.
You need to invest in gold at $1700/oz and silver at $40/oz.
The house I’m in was $55 per square foot when I bought it in 1994. The lake house I sold in 2008 was $120 and the larger of the two.
I’d planned to retire to the lake house, when my small business was booming. That business doesn’t exist anymore other than on paper, I’ve kept the corporation and pay the fees, in the hopes of reviving it. But, truth be known, several of my better customers went under and left me holding the bag, which is why I was forced to close myself. If it comes back, it won’t be the same business it was.