Plus, he has a net monthly cash flow greater than the average household annual gross income.

In most neighborhood, household and personal income has declined and not keeping up with real inflation.

That said, certainly the document should touch on key concepts like investment, investment term and return expectations.

She said no one could afford to buy them for what they are worth.Is that more of a function of the market as a whole (Tulsa, OK) or because their houses were in a low income part of town where probably >50% of households are renter occupied, and qualified homebuyers can look in more desirable areas?

That developer is going to have his Civil Engineer look at it, and they will want to develop their own concept plan.

It's a purely purely financial concept applied to real estate.Example:You put up 5000$ to buy a 30 000$ property.

Once you start approaching 30% of household income going to rent, you need to start being more careful.

The issue to this concept, IMO, is that you are saying the business plan, which includes knowing the market and having a realistic plan, is better than knowing the numbers for the deal.

The concept of payment or performance is really simply.

I think you can argue either way.Those that have been sitting on the fence waiting to buy might see higher interest rates as a wake-up call to either take action now or miss the boat.On the other hand, household income has not been rising even though housing demand has recently skyrocketed.