When this happens historically it makes it harder to borrow money and home sales go down thus the prices will adjust lower.

Yes I have.Each lender is based on the property, the lease, and the borrower as to what is possible.

The goal for the borrower is to use the money quickly to minimize the impact of the high APR on the deal.

My first post wasn't meant to be a platform for Russell Brazil to defend his investment choices, it was meant to be about introducing what I am trying to do. 2) The fluctuation I am referring to is the job market.

Everything in our lives is a reflection of our choices.

My feeling is if you have a choice try to be on one of the coasts for fun and beauty and try to get in the southern half of the state.

and the borrowers saying "MOAR MORTGAGE DEBT, MOAR MORTGAGE DEBT, MOAR MORTGAGE DEBT, DEBT IS THE BEST THING EVAR!"

@Shaun Allison: In your statements you have made, you are stating that "you want to have someone invest in your company", and you do not appear to state you want to "borrow" money to complete your project.

This would be with a partner so I have a co-borrower. 

I've lived in the neighborhood close to 10 years now and, perhaps naively, thought that even if the investment metrics didn't show that it were a stellar choice, the location might serve to make it worthwhile given the demand and momentum which exists in RE here locally.The analysis below shows how things look for both 15yr and 30yr financing, and I'm curious to know how people weigh that choice.