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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (1664)	2/19/2002 7:55:42 PM
From: MulhollandDrive	Respond to of 306849

I was using my son's situation in LA.....he is a professional and earns in excess of $100K per year. I chose an EXTREMELY conservative valuation for the price of the home and a higher rent payment than he is currently making. I picked 5 years, because I am assuming since this is a "first time" purchase (starter home) he would have every intention of moving "up"....and at the current prices it looks like he has to stay there for longer than 5 years just to break even.