Posted by RogerN on March 22, 2006 at 19:19:38:
As long as people can purchase homes of that price on their own credit, people can do it LO. I wonder where people work to get the money to afford those places all the time. I can’t…yet.
Question for L/O people - Posted by DanFl
Posted by DanFl on March 22, 2006 at 16:58:05:
In my area (Fl.) and many others, home prices have shot up dramatically in the last few years. The median home price in Fl. is approaching $250,000. Also, insurance rates have skyrocketed due to the hurricanes. Are people still willing (and able) to pay 3-5% in option consideration and make lease payments of $2,000 or more? In other words, are L/O’s still a viable strategy in today’s market?