Now as a Banker I understand you will have a shorter pay off but you also have to take into consideration market declines.If the market declines in any way or if your area suddenly gets hit with a higher than normal foreclosure/short sale values can drop.

Pricing and vacancy trends are hyper local but I've had to drop my rates significantly from last year's rates and I still have more vacant days in August than I have ever had in over 10 years.

Someone else comes in. 5 or 6 people drop in and out of the bidding until it gets to $77k!!!

The other thing we did is place a temperature sensor in the boiler and it alerts us if the boiler temperature goes below a certain level.

Nevertheless, I keep plenty of batteries in the owners closet and have them replaced by the cleaners/PM when battery life drops to 60%.  

A drop in rates will help somewhat, but I think the bigger issue is that rents and prices are out of balance. 

In a year or so when equity is built up (choosing a growing market) you could refi and have 20% equity and drop the PMI. 

Berkeley will increasingly be sought after as temperatures rise and inland metros become uninhabitable. 

If any of this resonates with you, feel free to drop a comment below or send me a message.

The demand in our area has been dropping off for quite some time.