Pleasure is derive from the challenge of making money not spending it.

Originally posted by @Matt Shields:Despite that the banks and the government claim a crash can't happen again, not much has changed, except that the large banks crushed competitors and guaranteed their bailouts by depositors through Dodd-Frank. to be fair, DF also put some default liability on the seller side of systemization, it put the hamper on the derivatives market of RE, and its unlikely that the auto industry will simultaneously get obliterated, and not all the banks got bailouts, some went away and for the ones that did get help it wasn't all sunshine and rainbows the fed made it painful. no one is claiming a crash can't happen again.

You say someone has "too much" because you don't approve of their use of their property(ies) and you feel that someone else, perhaps yourself, would derive greater benefit from the property.

So as long as one is not overleveraged in relation to the income derived from that asset (= leaving enough room for a positive cash flow factoring in vacancy and other nuisances when speaking of real estate) and has some cash reserves, leveraging is not a problem.The problem we saw in  around 2008 with leverage on the private side is that people completely overleveraged.

On a QM Mortgage, the income that is derived must be determined likely to continue for 3 years into the future.

I am also that ''smart traveler'' on the investment path that truly listens to veteran investors and even those with wise words derived from hardship and fruitful mistakes.

For prop tax I derive the tax rate from the most recent year's tax liability and total assessed value- then multiply that rate times the assumed purchase price.(4) 100% agree. 

You can find a spreadsheet Phil derived from one of mine here:Simple Pro Forma ModelThe schedule above is a screenshot from the pro forma template.  

You guys are so doom and gloom, come on man, the fed (that caused all this btw) is going to save EVERYONE, Banks, credit unions, trust and mortgage companies, investment banks, underwriters, brokerage firms, hard money lenders, stock speculators, the airline, auto, restaurant,hotel, bar, retail, casino, and travel industries,money market funds, the repo market, the global fx market, the stock market (direct purchases soon), the bond market, the derivatives market (oop's sorry ronin capital), consumer spending (helicopter money only 3 weeks away), your local bowling league and oh yea, air bnb.Don't worry the largest financial event of our lifetimes, BY FAR, will be over in a jiff and you will be rested and ready to get back to work!

It's also a reason I like having more money in hard assets like houses than cash and derivatives.