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Non-Tech : Investing in Real Estate - Creative Opportunities

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ajtj99

To: Jurgis Bekepuris who wrote (1668)	6/5/2013 5:50:42 PM
From: John Vosilla	1 Recommendation Read Replies (2) of 2722

Bernanke inflating another massive bubble in high cost, high income areas without any shadow inventory overhang? You can borrow almost 50% more at 6.5% than at 3.5% over 30 years and have the same monthly payment. Works great as long as interest rates don't go up too much, people stay in their house long term as you say and pay down the debt.. If prices just flatline at these much higher levels at least you have much more equity on the back end than lower prices and higher rates? Flip side is I ain't too worried buying stuff at 3-4 times annual rent. Incredible prices would have to near triple to get to just the 9% still deemed a bargain in that article. Goes to show you how divergent various RE submarkets are these days. Just picked up 2 houses recently. My cost basis once ready should average about $36k each and rent for $725/month which is close to 25%. but retail in great condition these days probably about $45k or 20%. Take that down to the 9% deemed a bargain in that article would bring the value up to $100k. Now take it to hyperbubble values of 3% brings the value up to $300k... Did I do the math right?

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