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

To: KM who wrote (45606)	12/11/2005 10:40:45 AM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

"It still blows me away though, as I'm quite a bit older than that and have still never owned a house worth over 250K (when I bought it)." Me too and I've had a bunch of property over the last 20 years<g> Blows me away to here the pimps in every related field marketing all this overpriced stuff as if the prices are the norm and no big deal. If a property is really worth $500k it should bring in a minimum $4k monthly gross income per month in rent whether it is a home to live in, vacation home,investment condo or condo/hotel. Many savy institutional investors went under last cycle buying at 9% cap rates. What is going to happen next time?