[quote=AN]
Damn QEx… I was sooooo looking forward to pick up a few SFR rental at 50% off. I could have sworn on this board, back in the 2008ish, someone was saying I can be picking up SFR in MM for low 200k.[/quote]
Maybe the way I’m looking at it is wrong but I’d like to think in terms of 5 year increments..
1. Investing $140k @ 1% for 5 years produces $7141.
2. Buying a MM condo @ $140k produces an annual income (roughly) of $9200, or $46000 in 5 years.
Wouldn’t property value have to fall more than 27.8% before #1 being better than #2?
How likely is property values gonna fall an additional 27.8% in MM from this point?
