From Dot-com's to Dot-Condo's....

[JayB]

First of Many

 

Maxing yourself out with the no-doc, interest-only/neg-AM loan for the "investment" that rent for less than half of the value of the mortgage, even at the teaser rate, while a record number of identical units is coming on the market and rates are going nowhere but up. Yeeha. If it wasn't a surefire path to riches, it wouldn't be so popular. Carlton sheets, what hath thou wrought...

[Dave_Schuldt]

My parents rent a condo in FT Lauderdase FL, it's the only way to go. Between the flippers and bad building management owning a condo down there is dumb. The sad part is that ordinary old people are going to get hosed.