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

To: Jim McMannis who wrote (234068)	12/23/2009 8:57:28 AM
From: MulhollandDrive	Respond to of 306849

well it helped the sellers unload..i guess in my daughter's case had the renters used it to BUY her condo, she would have benefited somewhat i was actually surprised she was able to rent it at the price she got, even more surprised that the couple renting didn't go ahead and purchase as the rent/buy equivalent is somewhat higher than purchasing with rates this low....she checked the credit scores/income and it was excellent, so they could have easily qualified (well i should say easily assuming there was some kind of downpayment)....so i can only conclude that they are 'only renting' right now for other reason....she got a year's lease, so assuming they stay, she has a year's reprieve