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: Les H who wrote (25005)	11/3/2004 7:12:21 PM
From: John Vosilla	Read Replies (1) of 306849

That is pretty hilarious. They are selling these newly built condos for an average of $500K or $300 per foot. You have a very small pool of renters that would rent them yearly for even $1500-$1800/month in an area with household income maybe $50k. Add in over $1000/month for maintenance and real estate taxes and you have a Cisco 2000 type P/E on your investment in the slight chance you can keep it rented year round. < "I think we have had such an oversupply of condos and what we are going to see is a lot of those condos turning back into rentals." >

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