Richard Green is a professor in the Sol Price School of Public Policy and the Marshall School of Business at the University of Southern California. This blog will feature commentary on the current state of housing, commercial real estate, mortgage finance, and urban development around the world. It may also at times have ruminations about graduate business education.
Wednesday, February 13, 2008
Remarkable
I am teaching in Hyderabad for a few weeks in March. Fortunately, my kids' spring break coincides with some of the time I will be there, so they will fly over and join me. The cost of a roundtrip ticket on Qatar Airlines (change in Doha) is $1350. The Great Circle distance between Washingon and Hyderabad is about 8500 miles, or 17,000 miles round trip. This means that the cost of getting from Washington to Hyderabad is about 8 cents a mile.
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If you’ve got a great deal, but don’t have the money for a down payment, find a private lender. This is any individual that has extra money set aside that you can use for your purchase. This person can be a family member, friend, dentist, doctor, dry cleaner, a member of your real estate investment club, etc. Private investors are everywhere; you just need to start asking.
ReplyDeleteWhat do you ask for? Ask if they have money in an IRA or a savings account that they would like to get a return on, of 8–10%, secured by real estate these aboved statements are given by David lindahl scam.