I am holding off buying until rents equal the mortgage payment. Dr Housing Bubble swears prices must adjust to rents. But then again it is San Diego so add the wild card.Gunslinger is correct, 2 years ago. 400k would buy 8 50k rentals in Holly Michigan with city water /sewer. Rent 800 plus each. Taxes at 200 mo . 600 x 8 4800 minus repairs . way over 10%.
30 miles north Detroit within commuting. I passed on these due to my job @ 15k gross month equals 25 rentals income and no hassel.But its there for you/ but 400k to lose money ?
