Mortgage Flips or Rent? You Decide

[explorer]

How about a thread related to Falied Flips and other speculation, that now want someone else's rent to cover their likely underwater and leveraged mortgage?

Too Lame? Hey, there could be a chart involved in the future. Grin.

I'll start:

http://seattle.craigslist.org/see/apa/787906132.html
$2150 / 3br - Ballard Home with Craftsman Charm
(7312 Eighth Ave NW Seattle)
Date: 2008-08-07, 11:22PM PDT

Is that mean? From a renter's and first time buyer's point of view, that much does not leave much left to save for a house. Something tells me the Google and Microsoft upper tier have already bought their palaces... Inventory of Rental SFH's seems to be increasing too. Too many data points dancing on the head of a pin?