Re:95% of Bay Area Cities Lost Zoning Authority
by recursive on Thursday February 23, 2023 @12:24PM
(#34913520)
If you sell for the same percentage BMR that you bought, the investment attributes remain unchanged. It's all proportional.
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Re:95% of Bay Area Cities Lost Zoning Authority
by km3r on Thursday February 23, 2023 @01:35PM
(#34914537)
Different places may do it differently, but SF bases it off of a cap for the monthly payment for the mortgage. As interest rates went up this forced the price lower and some people had to sell at a loss.
Roughly its monthly payment => a third of 90-110% of AMI.