I wouldnt say they are doing ok?
2000/2012
National average property price: $132,000/$293,000
Weekly profit: $40.77/$90.50
Profit year 1: $2120/$4705
Profit over 25-year span of loan: $33,540/$74,450
So 80% loan of 293k is approx 235K...they are making $4705 a year..profit
If you put $235K in the bank at 4% interest you would make double that...
Am i missing something ????
