GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Housing Bubble To Burst 50% Says Templeton

Sharpie · 08-23-2005, 10:23 AM

As a Realtor & real estate investor since 1964 - I have seen many trends come an go......Real Estate has always been the 'best long term investment & probably always will be.

It is however always LOCATION, LOCATION, LOCATION that makes the difference. You have to be smart about it! There are areas that will really be hurt - my hometown already has been there & I did NOT make a profit on my home of 5 years that I sold this year, That is a first...... I did lucky to break even. However, at the same time, I made a profit on my home in Cape Coral of $120,000 that I barely owned for 2 years.

These price increases are insane & I think they will start to level off - but it will be due to 2 things..... Property Tax increases & Interest rates making housing less affordable. Also an important factor is lending policies. I cannot believe that there is still 100% financing available....duh..

08-23-2005, 10:23 AM
Sharpie Confirmed User Join Date: Mar 2002 Posts: 438	As a Realtor & real estate investor since 1964 - I have seen many trends come an go......Real Estate has always been the 'best long term investment & probably always will be. It is however always LOCATION, LOCATION, LOCATION that makes the difference. You have to be smart about it! There are areas that will really be hurt - my hometown already has been there & I did NOT make a profit on my home of 5 years that I sold this year, That is a first...... I did lucky to break even. However, at the same time, I made a profit on my home in Cape Coral of $120,000 that I barely owned for 2 years. These price increases are insane & I think they will start to level off - but it will be due to 2 things..... Property Tax increases & Interest rates making housing less affordable. Also an important factor is lending policies. I cannot believe that there is still 100% financing available....duh..