A traditional adjustable-rate mortgage at prime – 0.75% has a payment of $1,210.It requires a payment of just $918, almost $300 less each month.

Is anyone using these in this type of climate?

Tile is popular in warmer climates and where there is high humidity.

Scale Adjustment Factor 1 Tear Down -60% 2 Major Repair -35% 3 Significant updates needed -15% 4 Cosmetic updates needed -5% 5 Zillow value - intentionally above average as Zillow factors in "sale ready" condition 0% 6 Major improvements 10% 7 High end value added everything 25%You'll notice that I consider "Zillow value" to be a 5 (greater than average) as my assumption is that most properties that are for sale are also above average outliers (on either side) factor out in to the "noise".Thoughts?

FYI inflation adjusted income increases is the best predictor of both value appreciation and rent appreciation.Check out http://www.city-data.com/ and an inflation calculator to see what that trend is over 15+ years, that way this doesn't happen to you again. 

This also makes it quickly adjustable, and balanceable (I know that's a word because spellchecker found it) almost naturally by those involved with it directly, and naturally balance things by their ability to quickly take advantage of the natural swings of the market. 

Would you adjust your business model to account for the current market environment and disregard the rigidity of tried and true models that currently exist?

No mention at all about how they would adjust their financial and operating model should these activists get their way - and they are a growing lot, a take no prisoners virulent group, very loud, and they want things to change.  

They should be able to get their home value adjusted resulting in a reduction in property tax. 

And since both of these will factor into your bottom line, you make want to adjust your search criteria.