[onewhippedpuppy]

Tabs is an enigma wrapped in a mystery, he's not going to tell you that!

I would say that his feedback is very location dependent. For Vegas, home of the illustrious Tabby, it's likely true. For more stagnant markets, like Wichita, it couldn't be further from the truth. Our market chugs along at about 3% yearly appreciation, even in the down years. Sales were slow in the 2008-2010 timeframe when there were a lot of local layoffs, but genuinely nice homes were still selling. There's very little to be made here in the form of appreciation, but for someone inclined to invest sweat equity in a fixer-upper there is real money to be made. Like most communities, we have a number of very nice established neighborhoods with 1960s era homes, many of which have been minimally updated. Houses in these areas that have been remodeled sell quickly. For someone willing and able to undertake a cosmetic remodel, it's a great opportunity.