Insurance is also affordable at $168/mo for hurricane/fire/hazard and liability for the entire property (3 duplexes, 6 individual units).

Minna, I read an older post and wanted to know how the job thing turned out. this must be VERY frustrating but you do have the chance of a lifetime to switch your goals.

:lol: What's frustrating is that I've talked to some people who are looking at buying right now, in Portland, with no money down and they say it's going to have positive cash flow.

Some of them can't afford the payment even if they could refinance, but its good to offer the option on the front side.

plus, i can afford my holding costs out of my salary.

The housing market will turn around only when first time buyers can afford to move into housing, whether "afford" is persieved or real also plays into account the turn around in an unknown way.That is the basic crux of the housing market.

I can afford to pay this payment myself if I dont have it rented plus I have the cash I pulled out.

Nothing frustrates me more than the do as I say mentality.

The main reason why i financed with an interest only mortgage is because i was 23 years old and i couldnt afford high monthly payments.

The Seller has a problem now because he can't afford to make two mortgage payments.