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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (46552)	12/4/2005 10:27:51 AM
From: Ramsey Su	Read Replies (1) \| Respond to of 110194

orkrious, exactly my point. For anyone who has owned and managed rental properties before, MacMansions are simply not suitable as rentals. Maintenance and operating costs are too high. One bad tenant can cost you a ton of money for rehab. The condo conversions, on the other hand, should add inventory back to the rental pool. This is, of course, after the banks foreclosed on those silly loans. Ramsey

To: orkrious who wrote (46552)	12/4/2005 1:58:54 PM
From: SeaViewer	Read Replies (2) \| Respond to of 110194

Didn't someone post some $1 mil places in CA renting for $2k/month? You can find plenty of these properties in Bay Area. A lady bought a place for $710k and the rent is $1300/month. She is going to sell it in six month as its price goes to 800k now. She has been doing these "smart" investments in the past 2-3 years. And each time she was bailed out by the rising price and made a lot of money. Of course, she doesn't think she was bail out by the housing bubble.