La Message Board Archives

Re: Bienes Raices

Posted by esmitty on September 6, 2012, 10:07 am, in reply to "Re: Bienes Raices"


I have considered a little more your observation regarding debt service as a sellers' motivator.

It's application into my situation might look like this:

1) My NOB unwanted vacation home has a $170K loan on it, $1010 per month. I reeeeeeally want to sell it to get out from under that payment. (And to free up money/time to spend in LM.)

2) If I owned it outright, the cost of the money would still be $1010/monthly that I was not earning elsewhere because it's locked up in the mountain house that's going nowhere.

Now, none of us behave as rationally as we should, but if we were behaving rationally, we would treat the $1010 payment as exactly equal to the $1010 lost income.


By posting, you confirm that you have read and agreed to be bound by the board's usage terms.


Be sure to visit