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Old 08-24-2005, 01:57 PM   #17
redbrian redbrian is offline
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Join Date: Aug 2000
Location: Kansas City MO
Casino cash: $3760
Quote:
Originally Posted by oldandslow
It will be over before the year is out.

You can take that to the bank. In fact I have. Just sold a rental home and would, under no circumstances, buy another now.
Ok you lost me here, the medium price of a new home dropped around 1% over the past year. And this caused you to sell a rental property.

What does the price of new housing have to do with rental property?

The only thing that would affect your investment in rental property is if the market is over built with your segment of rental space and the price is being pushed down.

If anything a bust in the new home market would cause more people to rent driving up the rental price and in turn your return on your investment.

Also even if your property value was to decline, you are not hurt as long as you are making a decent return on your investment.
Posts: 3,899
redbrian ....proof positive that somebody pissed in the gene pool.redbrian ....proof positive that somebody pissed in the gene pool.
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