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I don't see property hitting the crapper like it did in 90, 91
the rates may go up But the property wont dive that much
what's the worse it could get maybe 25% drop.
I see more property on the market now and not selling as fast.
and rental property is a numbers thing so I think it may take longer to sell, unless You target the owner occupy.
Renting is a Hellish nightmare and if You have to rely on rents to pay for the property, You may want to lower Your fee and get some good people in there.
once there in ,its hell getting them to leave and most look at You like You have money. some even want to see You loose the property.
I cant afford to take a chance on rental property or even buying a home with mort hanging over My head right now
The early 90s was the time to Buy and I did.
I bought a duplex and then a cape with 500.00 down
then I got a divorse and gave up the new Cape in falmouth.
at that Time She had 2 homes in Her name and I 2 in my name
go figure.
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