So, while months ago that price would be a stretch, nowadays the seller will likely get it.

To call that true "appreciation" is a stretch but the question in the beginning of the thread was asking about the same house at the bottom vs top of this RE cycle. 

., I just closed on a loan in the US for 30 Years at 4.5%. its loans which are Principle and interest. so the property is paid off in 30 years. these loan cash-flow the best as the payments are stretched over 30 years. there are also 25-15 years loans.Saying that, they are not so big on interest only loans, infact these are hard to get on conventional lending, more common in Commercial loans with balloon payments.In NZ, for awhile the longer Fixed interest rate was 7 years, I think it was offered by BNZ.

In my short time in real estate, I've already seen too many people stretch themselves too thin on the hope that real estate is their road to financial freedom. i think everyone should do some self analysis and confirm that they are willing to put in the time and effort before starting any program. 

Memphis is not a small city by any stretch and the major job supplying industries are not subject to the up and down nature of a fluctuating economy.  

Fairfield (stretching under the interstate) is the primary connector to the Napier neighborhood, which is known to be problematic.

Jeff - you are absolutely right no one can predict the market ....While things are not as crazy as 2008, RE is having stretched values, and a 15% correction is likely even per your own admission...I am waiting for that 15% now...

It's best to stretch your loan term out as long as possible, because that will minimize the minimum payment reported on your credit report.  

I know that if the term was stretched out a bit more I could get better cash flows, but I still feel I can come across deals that work.Curious if anyone has used a similar loan and their opinion on adjustable.

I would love to know some leads to local meetup or REIA again in stretch of Valley.