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#1 |
Senior Member
Join Date: Jan 2006
Location: NOVA
Posts: 3,005
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The rate for 30-year fixed is around 3.5%.
Inflation historically is 2.5%. That means a real interest rate of only 1%. With interest rates in savings accounts at 0.5%, there is no point in holding on to money (other than for emergency funds). I've gotten two 3-bedroom homes in Northern Virginia and refi'd twice. One is on a 15-year loan. It's also easy to find renters now that no one is buying and the renter's market is flooded. I've had no vacancies for 2 years.
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#2 |
Demiurge
Join Date: Aug 2005
Posts: 36,365
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I should be. But am not.
I should be looking at a house rental purchase if I were smart. |
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#3 | |
Senior Member
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#4 | |
Senior Member
Join Date: Jan 2006
Location: NOVA
Posts: 3,005
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Small rooms are in the hottest demand because the foreclosures sapped people's income and their ability to pay high rent. http://www.economics.uci.edu/files/e...obmktpaper.pdf
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