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

To: Think4Yourself who wrote (77868)	5/19/2007 6:55:39 PM
From: Drygulch Dan	Read Replies (1) \| Respond to of 306849

I would guess so, I have no experience on the rental side. I have always just bought. I learned long ago, that you should buy good real estate here in CA and wait for it to reward your patience. So far, that philosophy has worked in spades for me.

To: Think4Yourself who wrote (77868)	5/19/2007 7:18:05 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

It figured in taxes, PMI, and hazard insurance, and came up with $5658 monthly payment. Actually it is $4900/mo for a 90% loan at 6%. I have a coworker who has that exact deal. Nobody pays PMI anymore and hazard insurance for these CA houses is only about $600/yr because the house isn't worth anything- its the land.