[Hugh R]

Ventura isn't desolate by any means. Ventura area has a LOT of money. I'm talking the end of Victoria Avenue in Ventura. Occupancy rates are quite high in the area, like 97%. I figure $40-$50 large as a down payment, and with a 30 year mortgage (my time horizon is about 7) but for cash flow purposes, around $1,000/month, plus taxes, utilities and HOA dues, or about $1,500/month. If I rent it fine, I'll get capital appreciation, on the down payment. If worst comes to worst, $1,500/month isn't a stretch at all. My short term goal is to possess it for the Summer and then rent it out full time. If it goes up 1%-5% in a year (say $2,000 to $10,000) then my $40,000 down payment investment went up 5% to 25% or so, HOA dues, taxes, utilities and writeoffs not withstanding. That's better than the 0.55% my credit union is offering on the same money. From my perspective, I have the money sitting and earning nothing. why not get a potentially greater return and if worst comes to worst, I have a water front piece of property that I can enjoy an hour from my house? In the middle of the Summer I can go from inland with temps of as high as 110 to a beach place an hour away where its 75-80 degrees. Hell I'll save that much on air conditioning!