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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: orkrious who wrote (46552)12/4/2005 10:27:51 AM
From: Ramsey Su  Read Replies (1) of 110194
 
orkrious,

exactly my point.

For anyone who has owned and managed rental properties before, MacMansions are simply not suitable as rentals. Maintenance and operating costs are too high. One bad tenant can cost you a ton of money for rehab.

The condo conversions, on the other hand, should add inventory back to the rental pool. This is, of course, after the banks foreclosed on those silly loans.

Ramsey
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