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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 (33945)6/21/2005 10:49:36 AM
From: Wyätt GwyönRead Replies (1) | Respond to of 306849
 
yeah, but if five guys buy a house together, that's 350K*5 = 1.75 million, plenty to buy a 5bdr fixer-upper even in SV. you can draw straws for the master BR.
some might balk at a bunch of 40yr old guys living like this, but hey, it's like being in a dorm room or frat house. keeps you young -g-.



To: Mike Johnston who wrote (33945)6/21/2005 11:29:30 AM
From: SouthFloridaGuyRead Replies (1) | Respond to of 306849
 
Two words:

Interest-Only.

I don't need to pay no stinkin principle.



To: Mike Johnston who wrote (33945)6/22/2005 2:50:10 AM
From: Amy JRespond to of 306849
 
Mike, why even take 50%? You are being much too conservative.

The new "housing math" says take 100% of your income (and more.)

RE: "IT guys are not very well off."

There are some CEOs that can barely pay for their own mortgages - I kid you not.

Regards,
Amy J


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