I guess you cold argue that SoCal is over inflated and the rule *should* hold true but these values are sustaining, and the market is turning.

1) This needs to be a country in which everyone participates so the 50% that don't pay taxes need to and it needs to be a flat and simple tax that could be done on a 3X5 card.2) Balance the budget!

So, that leaves you with true cash flow of about $217 a month or $2602 a year.

It's hard to find a good ARM lender in this area, where you know that the loan is yours for 20-30 years, even if the rate might move to a cap 5 or 6 points higher.What is your true LTV on the property, assuming actual market value.What is the property type?

I dont know if this is true or not ?

OTOH, if the value falls, the reverse isn't true.

It was a true win/win.

Could you use credit cards?

Saying they are always equal could be true on certain deals but also might be far off.

Just because they claim something doesn't mean it is universally true.