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

To: re3 who wrote (54436)	2/21/2006 9:19:54 PM
From: GraceZ	Read Replies (2) \| Respond to of 110194

Someone, not my tenant because she doesn't have enough income now, could buy my house for the price that two studio apartments would rent for in the same neighborhood and it's a three bedroom house. Considering that we get trolled constantly by realtors who say they have a buyer for our specific block and houses there sell in about three days, I don't doubt that that someone still finds the house a good deal. It would cost around $1600/month with taxes using a 30 year fixed at 6%. A small studio rents for $800/month. Somebody sending their kid to Johns Hopkins University three blocks away could buy it for their kid and save around half what the school charges for a dorm room.