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


To: Live2Sail who wrote (42621)10/5/2005 2:39:28 AM
From: John VosillaRespond to of 306849
 
If the values are as stretched as they are these days out there with $800k values and $1800/rents I'd take the money and find something that yields a little more than 1 or 2%. If you don't want to pay the tax do a tax free exchange. The value of prop 13 at this point is only to screw the new generation of investors who can't possibly compete on rent with the old timers. Just another factor that makes a crash in prices a certainty IMHO.