You're paying retail for a property that's almost certainly going to lose money each month and in an area (Las Vegas, I assume) where there's likely to be more price declines.

Here in MA, the market is declining in most areas and forclosures are on the rise.

As the market declines further also I think you will see more dealing going on.

:welcome: Hi,The average 30-year FRM and 5/1 ARM both declined by two basis points to close at 6.33% and 6.12% respectively.Though it was expected that inflation could be restrained within acceptable limits in the coming months, levels are still high and are not proceeding along predictable lines.

The average 30-year FRM declined by six basis points to close at 6.27%.

Understand that if the market declines, the buyer will still have to pay the higher price stipulated in the contract to own the home.

The declining values and high maintenance are only avoidable by investing elsewhere.I wouldn't consider them as a buy/hold, but a slow flip.

Also, one would have to buy so many puts to be hedged 1:1 that it could become cost prohibitive.I think the best hedge would be buying low enough to withstand a 10-15% r/e market decline.

He pretty much declined the walk through (I still had him sign the checklist).Our house has been sitting empty for a few months, but everything was in working order (we had been going to the house to check on it weekly, lived in the house for 8 years with no such issues).

I was declined because my dti is around 40%.