I acknowledge I'm new and that I've only done three deals.

(as you mentioned) Anyway, the majority of those adjustable rates kicked in in 07 and the market wobbled and superficially stood up until 08 when it became a more widely acknowledged event.One such "marker" that indicates a similar vibe for this current time - those same types of **** loans are already around again, and we are starting to see even more and more pop up again.

Greg, I think we need to acknowledge that while some markets are driving the growth, other markets are just along for the ride.

Happens every day, but apparently it's mean (to some) to acknowledge it openly.

Originally posted by @Paul Bommarito:One other quick question, for anyone who has a nonconforming unit or knows someone who does, can you include an addendum in the lease application where the tenant acknowledges and signs a waiver stating they know the unit is nonconforming and waive all rights to sue or seek recompense for matters related to its status?

They acknowledged that it no longer cleaned, but refused to replace.Not only did we have to pay $60 for them to come out and do nothing, the owners had to pay out of pocket for a new one.  

Chris, everyone has acknowledged that that's true, but you're the math guy, so answer this for us.