Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : US Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: gpowell who wrote (92)	5/9/2011 9:47:31 PM
From: gpowell	Read Replies (1) \| Respond to of 97

Might as well update this: On the flip side I have one friend who lost their home, and another who is way upside down on several rentals. So....the friend who was upside down....walked away from one rental. They owed $600,000 and the home was sold at a short-sale for $250,000 (all cash). Based on the prevailing rental rates and expected expenses, and assuming zero appreciation, the buyer has a decent chance at an "economic" return (1% to 2% or so).