Re: Beauty of Little Banks NOW (long)

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Posted by Mark (SDCA) on November 06, 2009 at 09:35:21:

In Reply to: Beauty of Little Banks NOW (long) posted by Jimmy on November 06, 2009 at 09:23:56:

3.5 situation is aggravated by a poor rental market. this is the first time I've seen this harmonic convergence of dead resale market and bad rental market------at the same time, in the same place, and across a region.


For me.. this is the shocker. I am seeing some of this as well.

The dead resale market.. well YEA.

The surprise is the rental market. Folks still gotta live somewhere. I guess it's the double up factor?
I knew there would be some of that but I expected the chaos to be a net positive for the rental market not a net negative.


4. I'm sitting tight. I am alive and well precisely because my LTV across my portfolio is something in the 55% range. Had I been at 80% in mid-2000, I would be writing a very different post today.

GOSPEL.

Thanks for posting.

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