Anyone with a good knowledge of History (especially Cultural Anthropology) will be able to predict future patterns of human behavior based upon past human behavior.

And as a further side note, for a 3/1 sfr in Florida to be listed at 77,900, it's in an area that's a lot closer in culture to Ohio than you would ever think.Tim

I ran a title search and the property is fully paid.Average selling price in the area is $654K.

According to answers so far this seems to be falling in the "bad debt" category.We accept debt in our culture to the point of excess and most is really bad debt, but if you have a car loan, that's a depreciating asset.

They could pay the rent with money they earned selling phone calls to Europe and South America for half price.An additional plus for you: the opportunity to learn about different cultures as every immigrant in your city would be at your house a couple of times a week, calling home.

When I ran the numbers, however, on a 30 year note it does not look very good for me if I hold the note.

For the specific condos I looked at, I ran. http://biggerpockets.com/forums/48/topics/22995-distressed-condos-in-great-neighborhoods

I ran into many buyers on Saturday and the homes are all becoming bidding wars.

He's dangerously ignorant, and unpredictable as a result-- take bombing Pakistan for instance, or flip flopping on the status of Jerusalem, or whether or not Iran is a serious threat-- because he flat doesn't know what he's doing.Add to that his terrorist / marxist / black liberation theology mentors and you've really got a volatile mix that will make Jimmy Carter appear stable, and competent.McCain isn't my personal choice, and I live in a "blue" State anyway (Obama will run away with the People's Republic of Illinois by 20 points) but if I lived in a "swing" state-- I'd have to vote for McCain against Obama.

Our yields in cities vary approx 2-4%, so I'm trying to come to terms with some cultural differences regarding home ownership.In a recent discussion on an Aussie property forum regarding forecast flat or falling property values, many local investors put the view that there is a natural floor on values caused by the rent/buy decisions of current tenants.