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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Follies who wrote (39101)11/19/2000 7:21:15 PM
From: KeepItSimple  Read Replies (1) of 436258
 
Today I spoke with the owner of the condo I am currently renting. He is asking 1.4 million, and I told him to get back to me when the price is $600k. As I have already signed a lease for the next 12 months, I expect that price will be reached before he can renegotiate the lease. :)

I told you guys that renting was the smartest choice in the insane san francisco market. The owner is kicking himself because he can't unload this place before the real estate bubble completely collapses..

Er, rather, I guess the real moral of the story is: don't lease out your property on a long term basis if you aren't confident the bubble will continue beyond the length of that lease. :)
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