Smiling Joe, you have some interesting points, mostly about these certain
"sexy" properties not having to generate positive cash flow. This may be true
for some people who dont care if their luxury items like cars, beach homes,
cigarette boats do not produce cash flow yet people still buy them.
Certain people buy things for the sole reason that they just like the item.
I will concede the sexy part along with the fact you have to buy to own, I even know a very few people who are able to do something like that with no concern of "how is this thing gonna pay for itself?"
You may be right here but I dont think you could sell this idea to a banker ( I am not a banker). Do you really think that these properties sex appeal will
over-ride the need for a positive cash flow?
It all depends on the buyer. Every one is different and so is every property. This is not a one size fits all scenario.
