I think in some wealthy areas you could get good tenants, but you’d pay a LOT for the property.
EXACTLY right!
One of the best tenants we had was a somewhat elderly Hispanic couple who scrimped and saved, then bought a modest house not far from my condo. They and their daughter and grandchildren were SO proud. I was very happy for them. And very sad for us. Last good tenant we ever had.
I’m sorry for your loss, but glad you kept them as nearby neighbors; at least the house went to people you’re comfortable around!
It seems most new construction in my area is apartment building where the units are all small; towns here seem to realize the economic burden of children in terms of the education costs (thanks to the teachers’ unions), and are looking for childless tenants (retirees or yuppies) instead.