Quote:
Originally Posted by OneHungLo
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.
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Great examples you posted of basic real estate principles! Now all I need is that 100K (and decent credit for the mortgages) and I'm off and running.
Gotta love our resident expert thommy's logic. Pay in cash (dumb), put money in bank to gain interest (idiot), wait for unseen market forces to appear (which they may not) forcing you to sell and THEN he will have the last laugh.
OMG too funny. In terms of percentages I wonder which scenario is more likely to happen, yours or his?
