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


To: MSI who wrote (6100)10/18/2002 12:42:07 PM
From: David JonesRead Replies (1) | Respond to of 306849
 
...Reminds me of a friend's house in Palo Alto, $2 million appraised value, renting out for only $2,500/mo. Where's the economic sense in that?....

That's the point. There is none.
Unless you can offer something people/companies with lots of disposable cash want. I would never get above the mid area price when buying a rental house. Not unless I'm planning to move there sometime myself. The numbers just never seem pencil out.