Quote:
Originally Posted by ditch donkey
True, except I don't pay $400 000. I pay 20% of that, $80 000. You cover the costs, the property makes a marginal profit, and appreciates.
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Tell that to people in Florida and Phoenix. Heck even people who lived through the 70's and 80's here. Interest rates come back and a lot of these people with rentals are going to be in for a world of hurt.