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 Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (29944)	4/4/2005 5:47:55 AM
From: redfish	Read Replies (1) \| Respond to of 110194

"He was just about to appraise a duplex in Jupiter Fl in a bad neighborhood that sold 6 months ago for a $180,000 and is now sold again now for $275,000. The seller claims he is getting $1400/month in rent from the two apartments but the appraiser highly doubts that rent is possible unless a crown of illegal aliens is renting there. The rent won't cover the mortgage, taxes and insurance" Same thing in WPB. My dad is closing on the sale of a duplex in an undesirable location for $210k this week, it generates $1100 a month rental. The appraiser told him the whole region was an enormous bubble that would burst in a six months to a year. He wasn't really motivated to sell it but the price finally got crazy enough that he can't not sell.