Originally Posted by TheJimmy

PS: what I don't get is....


here's an example, I used to rent a house for about 1900 a month, down the street from the beach here on the central coast of cali....that house to be bought would run around 750k and the average run of the mill house inland is about 450k ish...

with a mortgage on those puppies the way they are now, how in the WORLD can you make cash long term from renting those bishes out? I mean the mortgage on those things is waaaay over what you can rent them for...

are they just flipping them, holding for the seriously long haul or what?

mind boggling...