That protects you from having to sell to  low.

Nor would I pay retail for a property with that low proforma return even though I like PR.  

I believe the one benefits most besides the politicians are those low quality tenants that are hard on units, pay late, rough on the neighbors, etc.

While the property hasn’t appreciated much since purchase, we’re considering keeping it as a rental due to the low rate.

Success:  Signing a deal with First WatchFailure: Bought a retail condo, not realizing the low ceilings were such a deal breaker for a lot of tenants.Pain: A lot of turnover this year, especially in light industrialAha moment:  Mortgage note investing needs to be a larger part of my portfolio2025 Goals: Less Investing and more pickleball!

Quote from @Bonnie Low: Hey, Colin!

The median home price is also very low nationwide which creates a low barrier to entry.

Maybe they are trying to annoy people with low rate mortgages on purpose to get them to refinance (conspiracy theory alert)?

You can go as low as 2.5x in some cases but NJ tends to produce enough traffic/applicants where 3x should be minimum unless property is over priced.

Looking to cash flow on low entry homes in some pretty nice neighborhoods close to where I grew up.