Originally Posted by
dhuey
The spreadsheet probably looks very different when you plug in a 7%-mortgage, compared to 3% a couple of years ago. Investors buying Wailea rental properties at these prices must be counting on some very large price appreciation.
You bring up an interesting point from back where this thread started. And I'll add that I suppose one could make this purchase banking on rates going down, with an eventual refinance. I know there's widespread belief out there that rates are headed down. I could see someone relying on that general wisdom.