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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (97904)	12/16/2002 3:40:33 PM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

KT, I've been trying to determine how much of residential real estate bubble exists in the NYC area. Unfortunately, I know very little about real estate valuation. I realize there are a lot of intangibles involved like schooling, transportation, safety of the neighborhood, shopping etc... However, for simplicity's sake let's leave that kind of stuff out. What I'm more interested in is the kind of "real return" an investor might expect as "typical" from residential real estate investment. For example, lets' say: Rent is 1,000 per month. Taxes, maintenance, insurance, misc is 500 per month. That would be positive 500 per month or 6,000 annually if I put up all the cash for the property. Let's also assume that the increase in rents and costs would approximate CPI. What might a "reasonable" person be willing to pay for something like that?

To: Knighty Tin who wrote (97904)	12/16/2002 7:33:09 PM
From: Terry Maloney	Respond to of 132070

KT, I'd never realized that either until today when I googled up the lyrics to see how close you'd gotten them, which was pretty close, allowing for poetic license. <g> Seems Mitchie was everybody's dream girl back then ('cept for maybe McGuinn and McGuire - g): "Make up break up, everything is shake up Guess it had to be that way" angelfire.com