The Residential Real Estate Post-Crash Index-Moderated Message Board

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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated

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To: patron_anejo_por_favor who wrote (45992)	10/18/2011 7:20:37 PM
From: Tommaso	Read Replies (6) of 119360

After all these years I am finally about to post ON TOPIC on this thread. Has U. S. residential real estate crashed enough to be worth considering? Specifically, my daughter and her husband are moving back to town and my former boss's house is for sale marked down 30% from its Zillow estimate. Should I buy it and rent it to them? The mortgage-insurance- real estate tax payments would be about half what it would cost them to rent a comparable house. I cannot factor in here emotional issues such as my son-in-law as tenant, except that he's a very nice guy whom I like a lot (so far). I should have no problem getting the best possible mortgage rate. I don't want to borrow on my own paid-off house. Should I go for it, or let the young couple make their own way in the world? My daughter would, of course, inherit the house.

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