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

To: Wyätt Gwyön who wrote (135546)	7/23/2008 11:21:57 AM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 306849

I am renting this for about what the mortgage payment is so its a wash. The rental market is incredible here. At this moment I am doing some repairs, so the place is not rentable. But 3 people have actually come by trying to rent- coming into the house where the contractors are, asking if this is a rental and wanting to rent. as for the whole "dollar denominated asset" thing, that hasn't been true in the past. in the past the dollar crashed (I'm thinking about the 80s) against the yen, and real estate rose to levels people were astonished by. on the interest rate thing you have a point. Also I noticed my buy is not included in the "Zillow zestimate". The zestimate is 250K higher than what I paid for this house. Here's what it says. Transaction Not Included in Zestimate This transaction was not used in computing the Zestimate for this house due to anomalies we detected with this transaction. These anomalies can include unusual document or transaction types, sales between possibly related parties, unusually high or low transaction prices, or other data irregularities that might indicate the transaction is not a full-value, arms-length transaction.