Quote:
Originally Posted by BestXXXPorn
Market will be back faster than 20 years. The prices on the houses are 1/3 of what they were at the peak of the bubble; which is too much. But getting the house back to a normal stable price won't take more than 10 years, probably less. Not to mention you're generating revenue the entire time. For me, I don't need the revenue. I'll just dump it into an account to pay for repairs, etc... And I believe I mentioned in my previous post hiring a management company to handle all the billing, tenant complaints, repairs, etc... I'd definitely take the hands off approach.
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Not sure. The bubble was massive, driven by too-easy credit & fraud, factors that wont be back. Given the sad state of finances for most in the middle class, i dont see what will drive a rebound anytime this decade. A management co. Will cost you all your profit from renting. If your not experienced in real estate you will get killed.