I agree and I've been thinking about this myself.
However, my wife's family is in upstate NY and I also know some good friends in other states too. So assuming I can ask a family member or close friend to manage the property for me, is it still a bad idea ?
The duplexs in CA are going for $1.5M to $2M in nice areas...maybe I should buy a piece of land out in NM, by the time it'll appreciate to CA like prices I'm sure it'll be where CA is on the map...at least my great grand kids would get to reap the benefits
