And from Jerry Kronenberg, the genius boy-wonder of the Boston Herald, we have: It’s the lease you can do: Can’t sell a place? Consider renting it instead
“I can find a tenant to pay $1,500 a month for a one-bedroom Boston condo with my eyes closed,” said Ryle’s agent, John Ford of Ford Realty Inc. “If someone has a mortgage below $2,500 or even $3,500 a month, they can cover that through renting and move on with their lives.”
Yo! goober.
How does $1500 in rent cover a "$2500 or even $3500 a month" mortgage?
Negative cash flow? Not a problem! We'll "make it up in volume", I guess.
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