Indeed good CF if you can KEEP renting it out for $1000/m, howev

have you considered the possible dire scenario of prolonged deep recession or deflationary situation? Unemployment rate can go above double digits while many people are fighting for food, riots can also outbreak in U.S.

I am not predicting this will happen, but I believe a lot of people are taking it very seriously, and that is probably the main reason why you see this kind of "good" deal now.

Price of stocks and houses do not drop for Main street's Joe or Smith to bottom fish, but again, no gut no glory.

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No, problem, I have 300-400 cushion already. Worst case -miat42- 给 miat42 发送悄悄话 miat42 的博客首页 (457 bytes) () 10/20/2008 postreply 14:09:08

hehe, if you can get it later for 40k-50k, do you still think -抛玉引砖- 给 抛玉引砖 发送悄悄话 (100 bytes) () 10/20/2008 postreply 14:39:22

The bottom is within 12 months for these prices -miat42- 给 miat42 发送悄悄话 miat42 的博客首页 (485 bytes) () 10/20/2008 postreply 14:57:22

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