The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: TheStockFairy who wrote (5682)	9/29/2002 3:31:39 PM
From: John Chen	Read Replies (1) of 306849

TheStockFairy,re:"luxury apartments, $1000 per month..." That is very reasonable, considering the starter house in Chicage has been 500K+ and going up, from what I learned on this thread. You probably can't pay for the 'tax, insurance, misc. maintainance of a starter house', never mind the 'P&I' (you do get back part of the interest and tax you paid though). If you don't have 'teens' in the family (not assuming anything on your life(style)), enjoy your luxury apartment, go out and eat in nice restaurant, take trip(s) and visit your friends with 500K+ starter home or whoever has house and enjoy there. You maybe in a sweet-spot of RE as far as apartment rental is concerned. One nice thing about your situation is: RE turns VERY VERY SLOW (up or down). So your cycle could be very favorable.

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