[quote=macromaniac]You have to love these Realtors today…typical self interest all the time. I bet you it was time to buy in 2005 also because you could get an option ARM loan and cash flow your rental property that was 75% over valued.
Hey Dan, you ever study economics 101? By the way, please show us where it is best to buy right now and why along with average rents with a 15% to 20% rent fade built in over the next two years….cant wait to see that information. [/quote]
I don’t think that what I say is particularly self serving or counterintuitive.
And I don’t own smoke weed anymore (other posters remarks notwithstanding).
To Macro: I have studied Econ. The micro and macro versions do not change what I am describing.
(Incidentally, my last year at UCSD included mathematical modeling of demand equations ala Von Neumann and Morganstern. If you have some helpful info on that front I will listen.)
What I am describing is more tangible than a class or book. The predicted rent fade are not something that are tangible until they actually exist (like 03’s 27 percent increases or 07’s 20 percent drop). Again, I can only describe what I am seeing and the what buyers are wanting. I personally don’t think that a class on econ makes a $536/mth payment (principal and interest on a 1-bedroom place with $10,000 down right now) a terribly bad idea.
