oh ye conservative Americans! 100 times monthly rent would be a rental yield of 12%, wouldn't it? Mug punters in London are still stepping up to the plate to buy investment properties at yields of 5-6%!!!!!
dd >As if refuting the bubble once and for all was not enough, the bumf goes on >to "put this issue to rest", declare "no such thing" as a house price bubble >and note that a pop of the bubble "simply isn't in the cards". If the mixed >metaphors don't get you, the repetition repetition repetition will. In other >words, as my bro says "DO NOT BUY an existing duplex, triplex or fourplex if >they are selling at more than 100 times the monthly rent... Your entire >investment could be wiped out." ___________________________________________________ Email Disclaimer This communication may contain confidential or privileged information and is for the attention of the named recipient only. It should not be passed on to any other person. Information relating to any company or security, is for information purposes only and should not be interpreted as a solicitation or offer to buy or sell any security. The information on which this communication is based has been obtained from sources we believe to be reliable, but we do not guarantee its accuracy or completeness. All expressions of opinion are subject to change without notice. All e-mail messages, and associated attachments, are subject to interception and monitoring for lawful business purposes. (c) 2002 Cazenove Service Company or affiliates. Cazenove & Co. Ltd and Cazenove Fund Management Limited provide independent advice and are regulated by the Financial Services Authority and members of the London Stock Exchange. Cazenove Fund Management Jersey is a branch of Cazenove Fund Management Limited and is regulated by the Jersey Financial Services Commission. Cazenove Investment Fund Management Limited, regulated by the Financial Services Authority and a member of IMA, promotes only its own products and services. ___________________________________________________
