Blogging Broker

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I think the most significant aspect of lower prices is that for the first time in many years I am seeing homes that would actually pencil out as rentals and give the buyer a return on investment. If the bank cant attract a retail buyer for a particular property, or the property is in such poor condition that banks will not lend on it, then the bank is forced to sell to an investor and the smart investor does not want to buy unless he can get a decent return on his money invested.

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