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No way. I just rented two of my properties faster than I've ever been able to for the last 3 years. When rates went down, prices on houses went up, but the overall payments for the buyers still went lower, so more people bought and less rented. Now its going the other way...even though rates...

He might be OK if he can afford to rent them for less than the market rent. Sure he paid too much, and it might take him many, many years to get the equity back, but he'll be receiving increasing cash flows and nice tax breaks. This all assumes he used fixed rate notes. SM

Amen to that! Lots and lots of homework, so you don't see the light of day. Getting my MBA was a breeze compared to my civil engineering undergrad. Sounds like the academic advisor is giving solid advice. My regret in life is that I didn't follow my heart with my undergrad, and now I make...

:) I'm not buying gold. I'm maintaining my position on small rental, but upscale rental unit because I'm anticipating increasing rents while my payment stays locked in. Buying Gold without some form of leverage takes you nowhere in "real" terms. Graph the "real" inflation adjusted price of...

I believe that if you can still rent a place out for less than the payment, and the payment isn't based on a variable note, then you'll be fine if there is a bubble burst. I honestly believe, that the bubble will deflate slowly, and here's why. For the longest time, the fixed mortgage rates...

Hey for less than $100 a day, I'll take that every day.

Geez, if you look at what $1,000,000 will buy, it seems to me that the house in San Francisco is a much better deal because it has a garage and its detached. Maybe that means we have further for prices to go just to catch up. You could argue that we were lagging behind most of the...

I'm very bullish on real estate for the long term, but the market really reminds me of the coin market when they first started slabbing coins back in the 1980s. "Slabbing" is grading and encapsulating by a third party grader. It allowed coins to be traded sight unseen for the first time ever...

Just saying what *I* would do. Hey, you could always sell some and keep some. Hate mistiming a peak, but I really hate missing out on easy money.

I've been compiling an average from the classified section of the newspapers here in Tallahassee, FL for quite a while. If you don't know, Tallahassee has not had the price runs like places more to the south. Anyway, ever since October, rents have been climbing, and really jumped in the last...

Assuming you're talking about a planned unit development (PUD) IMHO, lot prices are up because the PUDs are not being approved fast enough to keep up with demand. As interest rates go up, they will catch up. If I was holding lots, I'd sell them. If I was holding houses, I'd keep them and rent...

Amen to that. Just bought a Tahoe because we needed something to haul the family and tow a travel trailer. Still gets 19 mpg highway, and about 15 around town, which is good considering there are all those crazy CRX and Prius drivers out there with the faded Kerry stickers who drive like...

Its when they change their mind and become bullish that the end will be near. :)

Agreed. Wachovia loaned me money using the equity in a rental property at 90% LTV to put down payments on more properties. I personally would never loan someone money to do that. (I bought more rentals on fixed notes) With respect to the "smear on credit rating" comment. Well, it...

They are the knuckleheads I'm talking about. Now please realize, I'm not talking about the people who own houses in California who paid reasonable prices (for that location). I'm talking about the people who bought them regardless of what they paid. I don't have any negative opinions on...

Some people buying homes on ARMS and interest only notes will get burned. Sure they will. They are using a finance method that will cause their payments to climb while sales cool without protecting themselves with somekind of option or hedging tool. That is definitely folly. But, all of us...

You've got a point there, and its been hard to be a landlord right now. There are too many amateur real estate investors hopped up on "Rich Dad, Poor Dad", trying to buy in at the wrong time. In my neck of the woods, however, I have recently seen rents start to rise. This is something I...

Hey, on a personal note, the wife and I went looking at neighborhoods in my neck of the woods, and found 1/2 acre lots in a golf course community for $200,000. This is about quadruple what they were just 3 years ago. We found a neighborhood we really liked that had lots for $30,000 only a few...

70 years ago, people seldom borrowed money for anything other than houses. It was shameful to be in debt. Today, you have kids in college using credit cards. We are just so used to credit. So since people are no longer debt averse, this is what is happening: A dot com bust and an attack...