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

To: Travis_Bickle who wrote (63528)	10/9/2006 12:02:10 AM
From: Pogeu Mahone	Respond to of 306849

Very well for my son. The poor sap who is the landlord is up the creek,no paddle

To: Travis_Bickle who wrote (63528)	10/9/2006 10:57:43 AM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

'Tell me how that is going to work' Simple. GRM adjusts back to the norm and probably even lower in a tighter credit/higher interest rate environment. So perhaps the rent goes up 30%+ in three years and the rent becomes $2100. At a GRM of 10 the townhouse would 'adjust' down to the $250k range..

To: Travis_Bickle who wrote (63528)	10/23/2006 11:40:40 AM
From: Pogeu Mahone	Respond to of 306849

How is that going to work? 2 other identical units sold. One @$350,000. The other with upgrades, a Sub -Zero kitchen like this:http://www.subzero.com/ went for $370,000 only another 200 units to go. they lost at least 100 grand per. ================================= "Only in areas that are way overbuilt or had too many speculators in the game." Like townhouses in broward county? We are speaking of one specific case, the guy who paid 419k for a townhouse in broward county and is renting it out for 1,600 a month. Tell me how that is going to work.