[quote=spdrun]Flu – just don’t be too upset if property prices fall 20-25% from current — assuming you bought near bottom, it shouldn’t hurt too badly. Remember that SD already had one headfake ca. 2010.[/quote]
Lol… I think 20-25% fall would put me roughly back to the purchase prices at this point roughly…Maybe slightly above.. ….Don’t really care. Because the rental income is nice…
The way I figure, it was financed by paper money from stock sales thanks to Ben Bernanke’s printing presses, and then refinanced with ridiculous loans from Ben Bernanke’s printing presses again. And enough cash to cover things anyway. And SD rentals pretty much cover primary home’s mortgage at this point, since the mortgage on the primary is ridiculously low, thanks again to Ben’s printing presses….
I’ll just let eventual inflation chew on my outstanding loan obligations and laugh all the way to the bank when the dollar returned decades from now is worth much less than what it was borrowed these days… If I do need to pull my heloc for another property, currently the rate is 3%, and when it does rise it’s capped at 6%, and if I wanted to I’ll simply just return it…
