Re: What I have been up to since I quit my job...(56k go find Hotrex)
WOW my 1400sf ranch for $232.000 looks like a dump next to yours.
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Re: What I have been up to since I quit my job...(56k go find Hotrex)
Originally Posted by chris
I wouldnt buy in california at any time in the near future. The bubble here is insane. Prices should drop up to 40 percent in less desired areas aka valley. Coastal locations will continue to hold high value. Homes in my area have already dropped 15 percent in 3 months with forclosures on the highest ever in the state be patient and buy in 2 years,RENT!
Like I said, now is the tiem to buy! |
Re: What I have been up to since I quit my job...(56k go find Hotrex)
$189k!?! There must be a mistake. That's a nice ------- place. ???
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Re: What I have been up to since I quit my job...(56k go find Hotrex)
Originally Posted by d16forlife
I disagree and it may be because of geographical location. The high bubble popped early last year. Now is the time to buy. Most people that we know in Sd are doing short sales and filing for bankrupcy afterwards. A short sale is when your house is worth 600K you owe 500K on it but it will only sale for 400k leaving you with a defecit. My wife took a real estate class and was a test away from getting her real estate liscence. She follows that stuff closely. The house that I sold for $480k in SD will not sell for more that $350 right now. Experts say 2008 will be the best for buyers tapering off in the next 3 years. All be well in 8-10 years though.
Like I said, now is the tiem to buy! Really the peak was early this year, thats funny. Dont forget the other million homes in california that will be foreclosed that people used prime loans to buy with. Oh I have a degree not a class in this subject. Its not my area its California in general. If you want to understand the subject read the numerous reports to congress on the subject or what that old Jew man Greenspan has to say about the subject. Then again he only ran the economy for 30 years what does he know. California, New England and New York areas will continue to fail in Real Estate. You dont listen to Real Estate agents regarding the market, they are used car sales man in the IQ department. Economists dont lie. |
Re: What I have been up to since I quit my job...(56k go find Hotrex)
Originally Posted by chris
Really the peak was early this year, thats funny. Dont forget the other million homes in california that will be foreclosed that people used prime loans to buy with. Oh I have a degree not a class in this subject. Its not my area its California in general. If you want to understand the subject read the numerous reports to congress on the subject or what that old Jew man Greenspan has to say about the subject. Then again he only ran the economy for 30 years what does he know. California, New England and New York areas will continue to fail in Real Estate. You dont listen to Real Estate agents regarding the market, they are used car sales man in the IQ department. Economists dont lie. All this was mostly caused by Counrty wide lending and the infamouse amotrized interest only 100% finance loan. I have friends that were urging us to buy near them 3 years ago and now their payment has ballooned to over $4k a month. They are 250k in negative equaty on their house. My friends who are hating life back in SD are what I base my "study" on. All I know is that people told me when I sold my house and fled Cali that I was crazy and would regret it because I would never be able to return to Cali because the housing market would continue to go up ::)... :3. Now I'm pimping with equaty in my current house and they are the ones hating it. I feel for them, I really do :-\. But if I can get into a home that is apraised for $525k but will sell for $399k you know what I gots to do :6 |
Re: What I have been up to since I quit my job...(56k go find Hotrex)
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Re: What I have been up to since I quit my job...(56k go find Hotrex)
Damn steal at 215, thats like at least a 300K house over here in NW Fl, even with the shitty RE market and crashing economy.
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Re: What I have been up to since I quit my job...(56k go find Hotrex)
Updating bathrooms and kitchen is where it's at. Get rid of that cheap ass counter top.
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Re: What I have been up to since I quit my job...(56k go find Hotrex)
good god. I just paid 312,000 for a new home in lake stevens 30miles north of seattle and it is only 1400sqft. I am telling my boss to open up a store in dallas so i can get me one of them for 200k
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Re: What I have been up to since I quit my job...(56k go find Hotrex)
Originally Posted by doug684
Updating bathrooms and kitchen is where it's at. Get rid of that cheap ass counter top.
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