Time It Right
Aug 29th, 2008
by IrvineRenter
Time In A Bottle -- Jim Croce
Some time ago, I wrote the post Timing Does Matter, to document the financial impact of properly timing the market. Today's featured property owners show how a family should manage their mortgage, and the benefits that can be obtained in retirement if you sell near the peak of a massive speculative bubble. I commend today's sellers. They are the role models I will emulate in my own life.
Asking Price: $649,000
Income Requirement: $162,250
Downpayment Needed: $129,800
Monthly Equity Burn: $5,408
Purchase Price: $59,500
Purchase Date: 8/22/1980
Address: 14951 Elm Ave., Irvine, CA 92606
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