Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jack of All Trades who wrote (5234)	9/11/2002 4:54:13 PM
From: J. P.	Read Replies (1) \| Respond to of 306849

You are right, for an 650k loan at 6.5% it's only about 4grand before taxes and insurance. After taxes and insurance I'm guessing about 5k a month. So then the buyer only needs to have 150K in cash to plunk down and a job that pays about 180 grand, and about 1milliion in interest payments! Such a deal for that 1 bathroom!. But then again there's no risk because home prices only are going up, what with tight supply, shortage of land, and immigrants moving in, and baby boomer kids buying houses. So really, with a no risk proposition, you should leverage as heavily as possible to take advantage of the gains.