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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 1:58:54 PM
From: SeaViewer  Read Replies (2) of 110194
 
Didn't someone post some $1 mil places in CA renting for $2k/month?

You can find plenty of these properties in Bay Area. A lady bought a place for $710k and the rent is $1300/month. She is going to sell it in six month as its price goes to 800k now. She has been doing these "smart" investments in the past 2-3 years. And each time she was bailed out by the rising price and made a lot of money. Of course, she doesn't think she was bail out by the housing bubble.
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