It's like comparing Index Funds with a restaurant or hair cutting franchise or comparing RE with a 350K year salary. 

Conventional thinking used to be that a sale of a portfolio would require the seller to take a haircut on the sales price. 

Does it cover PITI plus a 25% haircut for expenses? 

If he's only looking to buy if he can "steal" it (almost a 10% haircut!)

I don’t know if the fed will change course and lower rates again when they realize what they have done, but if they don’t the large majority of markets will be taking 30 percent haircuts, and generally in sell offs, it overshoots to the downside because people panic.

This LOCKS you into the loan because you will have to bring cash to closing just to sell it, or the lender would have to take a hair cut just to get it off their books.

There will be no haircuts or credits after the close we can negotiate as again everything is brand new.

Yes there is a lot of money to be made in hair cuts.

If you go out in Costco jeans, no watch and a bad haircut, you get one level of response, and vice versa.

Never ask a barber if you need a haircut.