> plus profit for someone else. Well, possible profit. There is risk involved. Underwater mortgages are totally a thing. More recently, a fair number of landl

> plus profit for someone else. Well, possible profit. There is risk involved. Underwater mortgages are totally a thing. More recently, a fair number of landlords are in trouble right now due to the COVID eviction pause. Their tenants stopped paying, but their own principal, interest, and insurance payments kept going clickety-clickety-click. Some of them are even walking away from the properties. It's also important for everyone to keep in mind that not everywhere is the Bay Area, or even California. Judging nationwide housing conditions by the conditions in those regions is likely a mistake.