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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lee who wrote (6113)	5/16/2002 9:22:11 AM
From: Terry Whitman	Respond to of 33421

Those are some great observations, Steve. The 1% rule sounds like it would work about anywhere. That works out to about 8x gross annual receipts on an 11 month basis- which is pretty close to the 6-7x. Those mortgage schemes sound good for the bankers. I'd have to be pretty desparate to sign up for one of those endowment types. But a man has to have a place to live- and when a wife says 'buy', you never know what can happen. <g> Congrats on your rental sales. A wise man one said- 'No one ever went broke taking a profit'. Another one said, 'Man who run behind car, get exhausted' <g> Regards, TW