[quote=AN]I’m just afraid that price will sky rocket (10%+) in the next year and that would really squeezes out the margin, unless rent rises as well. I don’t think I would ever consider LA. If I can’t find any condo in MM, I might consider small SFR in MM instead. We’ll have to wait and see but cap rate for SFR is not nearly as good and you need more capital per transaction.[/quote]
What if rates fall lower :). If rates drop another .5% from this point, how much worse do you think inventory is gonna be?
Also, the more I think about it….How long do we expect pitiful savings rates in a CD?
I predict we’ll see 30 years below 3% and and 15 years around 2% before we seem them rise. Well, at least over the next 4 years. The fiscal policy appears to be same old same old. I’m refinancing and counting on another one 6 months from now.
Also, primaries will look like excellent rentals in the forseable future so it would be a good time to upgrade.