I think James was implying that the sums you are quoting are a bit high. $5B a month in buying capacity is at the higher end compared to most of the bottom feeders. 10% of Countrywide was sold for $2B and they actually make money on their loan book.Under 5% of the mortgages are in default.

I think the East Bay has been weaker, at least in some areas (James could probably validate that) and I have no idea how SF is doing.Sorry, it's all anecdotal as I don't really look for detailed reports on how things are doing.

HI James,I am glad that I found this forum, and it looks like many of the people that use it have knowledge to share so I will definitely be getting something from it.I posted a short blurb about condo-hotels in the commercial forum, and will certainly do my best to asnswer any questions that come up.Thanks

James - I have no idea.

James already pointed you to some relevant forums (sorry, been distracted and didn't see James post until I started to reply.

Otherwise, don't get people down without providing info on how to get back up.In fact, I tell my clients that if the choice is between paying off debt or keeping cash but a higher mortgage balance...KEEP THE CASH and make just the payment you HAVE to, because cash is king.

Originally posted by "king[ny:"]Thanks WheatieThe information/assistance this community provides is priceless.I'm going to view the property next week.

Cashflow will determine which is best, projected appreciation etc can help you decide but imho cashflow is king!

i think the road was james something or other.

However, as Apartment King mentioned the leases are very important.When do they end?