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

To: Mike Johnston who wrote (31337)	5/16/2005 3:02:51 PM
From: BWAC	Respond to of 306849

"What are those houses renting for right now ?" $790 on the brick one. Been vacant for 1 month, while I prepare it for sale. $790 was rent set 5 years ago. Just never went up on tenant. BY my calculation $618 would now pay a 30 year mortgage of 109k, adding in $700 property taxes, and $500 insurance gets the monthly payment up to $718 TOTAL to buy. Zero down. lending.etrade.com So I don't have a chance in hell of getting $790 again. IE Time to sell. ----------------------------------------------------- Other houses are what we call "Mill Shacks". The wood is solid, but the house is spartan, and full of all kinds of bad for you materials. And go for $350 while we wait for it to a.)Fall down, B.)Burn down, C.) Get condemned, or D.) Get bought for the commercial land value underneath.