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SVTPerformance's Chain of Restaurants
Road Side Pub
Is it time to worry about the stock market?
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<blockquote data-quote="thomas91169" data-source="post: 16089509" data-attributes="member: 40530"><p>There's a feasibility limit to how much you can charge rent. Sure the ultra luxury places or a high rise downtown is where rent for a 2br might equal a $500-600k mortgage. But if you're frugal and smart like us, there's still good rental places that aren't charging gratuitous rates for crappy spots.</p><p></p><p>You're in a spot I find it hard to see how anyone rents with house prices that cheap, unless people's credit blows. $200k with 3-5% down is what, $1k a month? That's nothing. You can swing that easy if you make simply double min wage. But I guess people still rent. We constantly think about buying a 3br in like Rockwall (my best friend lives there so he could monitor the house as needed) and just renting it out for some side income and retirement, but the impending recession makes me hesitant.</p></blockquote><p></p>
[QUOTE="thomas91169, post: 16089509, member: 40530"] There's a feasibility limit to how much you can charge rent. Sure the ultra luxury places or a high rise downtown is where rent for a 2br might equal a $500-600k mortgage. But if you're frugal and smart like us, there's still good rental places that aren't charging gratuitous rates for crappy spots. You're in a spot I find it hard to see how anyone rents with house prices that cheap, unless people's credit blows. $200k with 3-5% down is what, $1k a month? That's nothing. You can swing that easy if you make simply double min wage. But I guess people still rent. We constantly think about buying a 3br in like Rockwall (my best friend lives there so he could monitor the house as needed) and just renting it out for some side income and retirement, but the impending recession makes me hesitant. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Is it time to worry about the stock market?
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