======= Shorting a strong stock/sector in a bull market maybe an ego unprofitable thing; agree generaly its not part a good business plan. Different deal on short a weak stock/historicaly weak sector ; especially when its spent much time below major moving averages. ========= Like the difference between unsecured debt; and reasonable debt secured by certified appraised real estate. And another concrete example,RaTboy88, you may negotiate 90% off unsecured hospital debt; far more likely likey you could get 90% off a real estate ask price.
first signs of the bubble in florida. builder "close outs" and ads like these popping up.. $785000 - Gorgeous Direct Ocean View Desperate Must Sell before Closing (Hallandale - Miami)
yes, the rates are low. But even at the current low rates, the mortgages + condo fee is still at least $2300 /month, which cannot be covered by rents, as the rents on 2 bed/2 bath is only 1200-1600 /month in some of the nicest area. I know someone who bought a condo. He said he had to wait for 6 hours in a queue as there were so many buyers.
How did you get 1.67%? Even if you take continuous compounding, the appreciation is R=ln(66)/(2004-1890) = 3.67% (or something like it, don't have my calculator with me).
Long Island sucks. Strip malls and traffic jams as far as the eye can see. Also, I hate to burst your bubble "rich man" but as far as suburbs of New York go, outside of the Hamptons most of Long Island is a dump compared to Bergen and Westchester Counties.
How did you get 1.67%? Even if you take continuous compounding, the appreciation is R=ln(66)/(2004-1890) = 3.67% (or something like it, don't have my calculator with me). [/QUOTE] PV = (-1) FV = 6.6 n = 114 therefore i = 1.67 (%) its not linear anyway, so im not sure it matters anyway.