[GeorgeF]

It looks like agricultural subsidies may have to be cut for the US to comply with WTO agreements and common sense. Needless to say farm states will not cease to exist just because the farm programs are cut. The problem is that where people live and who the winners and losers in the rat race will change.

How exactly do/will people in Boise Idaho earn a living? That is the most important real estate related question.


In short property is appreciating.

Is it? The land might be appreciating. Your roof and other building systems are depreciating. It is also possible that the value of your home could drop, usually around the time you lose your job and have to move. And your tenant leaves and is replaced by a scum bum.

buys this house, rents it out

While it is possible that a house can be rented at a profit, usually multifamily (6+) have a lower cost per rent dollar to operate. You may be fooling yourself into thinking you are making money. Find out what it will cost to replace the roof windows, kitchen bath ect. What is the usefull life of your roof?