Quote:
Originally Posted by thommy
ok i will answer you with the most common world example.
1. i buy my house and pay it cash
2. the rest of my money i give to my bank what is lending it to you and pay me interest
3. i wait a bit til the next crisis comes or your renters canīt pay their rent anymore and you can not pay your mortage.
4. i take a little part of the money from my bank back and buy all your shit for an apple and an egg.
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Only problem with your scenario is rental property doesn't price with residential property. Rental properties' value are primarily based off of the rent roll/ cash flow. When the housing market crashes more people rent and rents either stay the same or typically go up.
See the way I outlined it, time & debt are on my side. Renters have always and will always rent, whether the market is up or down. When you have time on your side it doesn't matter.
Thanks again for showing your ignorance you insufferable bastard.