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

To: Tradelite who wrote (63423)	10/7/2006 11:06:16 AM
From: Dale Baker	Read Replies (1) \| Respond to of 306849

If mortgage interest, taxes, insurance and maintenance far exceed monthly rental, how are you putting money down the tubes more with just rent? I would rather put the difference in other investments and wait for a time to buy when prices suit me, instead of expending a much larger nut on zero equity gains.

To: Tradelite who wrote (63423)	10/7/2006 11:09:01 AM
From: Travis_Bickle	Read Replies (1) \| Respond to of 306849

There is no way out, the owner is finished he just doesn't know it yet. In the meantime he throws good money after bad. There is no possible way to make the numbers work. Essentially you are asking why the renter isn't willing to be charitable and bail out the owner for no reason.

To: Tradelite who wrote (63423)	10/7/2006 12:47:31 PM
From: Pogeu Mahone	Read Replies (2) \| Respond to of 306849

The way i look at it is the landlord is paying him to live there. If he was paying the carring cost of the condo i would agree with you. Sellers should offer this arrangment but smart buyers will pass for much greater savings @ auction.