And of course folks bragging about their killer interest rate while listening to "Hipster Cocktail Party" on Pandora might not mention that they spent 2 or 3 discount points buying it down as a fashion choice, not necessarily a rational economic one.You can't day-trade when you go into contract, nor are you in a position to alter the presidential election results, but you can (and should) day-trade when you refinance.

Not nessesarily If tenants fail to pay I give them 3-days notice and they know I'm not joking.If they move out or pay within next couple days, I'm not filing an eviction - no need.So, there won't be any records if they always move out fast.Let's say, they damaged the property and I have only one month security deposit.Sometimes it's not rational to go after them through the court - it's easier and cheaper to fix it quickly and get another tenant in.In couple such cases I didn't even lose any money because the new tenants move in before the end of the month, which was paid by the security deposit.Also, sometimes I expect bad things and it turn out not so bad.

The trailing 12 month price to earnings ration (P/E) of the SP500 has historically averaged about 16, it's 24 now. 

It was a breath of fresh air when we shifted to working with rational people that were truly able and motivated to sell their properties.

It's just a rationalization for a bad deal...and "rationalization" is the most expensive word a REI can use.

Just to ensure we're not letting anti-PMI bigotry in the way of being rational, compare the P&I rate with PMI rolled in, to the P&I+PMI rate without PMI rolled in, both at 90% LTV.

Unfortunately there is not cashflow from the operating budget because the rent to value rations are so low.

I personally think too many people just look for the down payment and then rationalize how their property is special and won’t need reserves.

Combined with peeps for have expiring 5 Years Arms, would come under tremendous pressure to sell with higher interest rates next year.Wouldn't this cause a correction in home prices, if that market was rational???

.- Rational seller will view it as a $500k offer.- We said above that you're getting a good deal, so appraising at $510k shouldn't be an issue.Appraiser must review contract to confirm that this isn't unusual for the area.