Real Estate Bubble - GoFuckYourself.com

Xenophage · 04-25-2005, 10:08 AM

April 2005: The average sales price for March was $821,695. This is a new all-time record high, and the first time it has exceeded $800,000.

Santa Cruz county Where I live..

fucking retarded.. 700K gets you a 1100 sq ft shack on a 4500 sq ft lot

Eric · 04-25-2005, 10:10 AM

We live in California, there isn't a bubble here. It is a slope up and to the right.

Veterans Day · 04-25-2005, 10:12 AM

It's california, what do you expect from the most overrated state.

Tony Montana · 04-25-2005, 10:13 AM

800k here gets you a 6,000+ sqft luxury home

Prowler · 04-25-2005, 10:14 AM

Dont come to California, and there is no money in Porn.

MediumPimpin · 04-25-2005, 10:14 AM

This is starting to happen all over, the new condo's in Miami are 400k for a 600ft studio apartment, with no ocean view

ADL Colin · 04-25-2005, 10:16 AM

There's a worldwide bubble. Well, in many nations anyway. The bubble has already burst in some cities. See Sydney, Australia.

Just hope the landing is softer than the 80s real estate bubble in Japan. Real Estate in Japan is down 60% since 1990, 80% in Tokyo.

Interest rates a'risin'. Some people with ARMs are gonna get hurt.

ADL Colin · 04-25-2005, 10:17 AM

This is the kind of nonsense that is published during a bubble.

http://www.amazon.com/exec/obidos/tg...books&n=507846

JFK · 04-25-2005, 10:18 AM

Quote:

Originally Posted by MediumPimpin

This is starting to happen all over, the new condo's in Miami are 400k for a 600ft studio apartment, with no ocean view

OUCH..........that hurts

In the last 3-4 yrs I have seen prices double in the Miami area, and the problem is, I am not on the receiving side of the equation

DateDoc · 04-25-2005, 10:19 AM

Quote:

Originally Posted by LegendaryLars

April 2005: The average sales price for March was $821,695. This is a new all-time record high, and the first time it has exceeded $800,000.

Santa Cruz county Where I live..

fucking retarded.. 700K gets you a 1100 sq ft shack on a 4500 sq ft lot

It is insane but people keep buying homes and developers have not slowed down one bit. There are going to be some very unhappy home owners in the near future when they realize they owe more than their house is worth.

The bay area is now the most expensive place to buy a house in CA. At some point people will say I just can't afford that and the market will come back in line.

I was looking the other day online and in my zipcode in San Jose their are 12 homes for sale under $500,000. Homes might be stretching it as for $240,000 you get a 560 sq ft condo that is 21 yrs old. $450,000 gets you a run down 50+ yr old 2 bed, 1 bath house.

Rental communities have to be loving these prices sky rocketting as they are the only affordable (in a CA way) housing. Nice 2 bedroom apartment still pushes $2000/mo. though. Ah, California living!

DateDoc · 04-25-2005, 10:20 AM

Quote:

Originally Posted by JFK

OUCH..........that hurts

In the last 3-4 yrs I have seen prices double in the Miami area, and the problem is, I am not on the receiving side of the equation

They were talking about my RE on the news the other day. Bubble is about to burst. Good buys coming soon!

Prowler · 04-25-2005, 10:33 AM

"They" have been saying its about to burst since 1998 when this thing started. $500,000 gain per house later...hmmmmm

id say im glad i didnt listen to people like you and kept on investing..i have 14 houses and there is NO sign of a burst in CA or LV or AZ keep on keeping on..

i have scared friends like you that for years told me "hey man dont buy now, just wait" and they are very sorry.

betsy · 04-25-2005, 10:39 AM

I went house hunting this weekend on the peninsula, and it was one of the most depressing experiences of my life. The cheapest house we found was 760k for a 3 bedroom 1 bath shack. Even with 100k down (which I don't have) thats about a 4-5k a month mortgage payment depending on your rate. Sigh.

Sosa · 04-25-2005, 10:39 AM

Quote:

Originally Posted by Tony Montana

800k here gets you a 6,000+ sqft luxury home

heh ya, 400-500k here and got a nice big ass house.

pstation · 04-25-2005, 10:43 AM

It's hard finding a house out here that costs more than 200k

warlock5 · 04-25-2005, 10:47 AM

Rising interest rates will be the turning point. But I doubt that will happen until Bush is just about to leave office or already gone, cause the economy will nose dive again

UniqueMovies · 04-25-2005, 10:51 AM

this is what you get in Ottawa Canada for 800k

http://www.homesinottawa.com/newhome...lcrestphot.htm

Prowler · 04-25-2005, 10:55 AM

Quote:

Originally Posted by warlock5

Rising interest rates will be the turning point. But I doubt that will happen until Bush is just about to leave office or already gone, cause the economy will nose dive again

interest rates are lowered to stimulate our economy, they should not rise high enough to cause a crash.

betsy · 04-25-2005, 10:57 AM

Quote:

Originally Posted by UniqueMovies

this is what you get in Ottawa Canada for 800k

http://www.homesinottawa.com/newhome...lcrestphot.htm

damn, sounds like i need to move ;( That is a sweet house.

The Adult Broker · 04-25-2005, 10:58 AM

where do you think the best place/city/state is to buy right now?

Rui · 04-25-2005, 11:00 AM

Holy shit, next time I complain about your cheap car pricing, remind me of this thread, real-estate is going wild here but nowhere near compared to what some of you guys are saying :S

Shit

gdog · 04-25-2005, 11:01 AM

I work with a couple of other investors and we are heading into Phoenix and Austin next month to check out some new pre construction properties.

Xenophage · 04-25-2005, 11:08 AM

[10:56] legendarylars: http://www.mlslistings.com/common/pr...property&name=
[10:59] legendarylars: http://www.mlslistings.com/common/pr...property&name=
[11:01] legendarylars: http://www.mlslistings.com/common/pr...property&name=
[11:01] legendarylars: http://www.mlslistings.com/common/pr...property&name=
[11:02] legendarylars: http://www.mlslistings.com/common/pr...26nbsp%3B94027
[11:02] legendarylars: http://www.mlslistings.com/common/pr...26nbsp%3B94027
[11:02] legendarylars: http://www.mlslistings.com/common/pr...property&name=

Rictor · 04-25-2005, 11:18 AM

Quote:

Originally Posted by UniqueMovies

this is what you get in Ottawa Canada for 800k

http://www.homesinottawa.com/newhome...lcrestphot.htm

Probably only run you $200k for that house in Indiana.

DateDoc · 04-25-2005, 11:19 AM

I'll take this one http://www.mlslistings.com/common/pr...property&name=

UniversalPassLorence · 04-25-2005, 11:25 AM

There is a rush of foreign investments since the Dollar is weak and intrest rates are low.

jayeff · 04-25-2005, 11:26 AM

The world is facing an economic scenario has never existed before, and China is the key.

Since 1994 China has pegged its currency to the dollar and with the declining value of the dollar against other major currencies, China's currency has itself become undervalued. During that same period the US trade deficit with China has grown beyond $150 billion a year: more than double the deficit with Japan. China has also become one of the US major creditors: almost half of the $2 billion a day that the US borrows is loaned to it by China, Japan, Taiwan and South Korea.

Effectively China has control of the US economy and if China fulfils its committment to the World Trade Organisation to allow its currency to float, the dollar will collapse, shopping at Wal-Mart will become like shopping on 5th Avenue, interest rates will soar and house prices will implode. Apart from the fact that the Chinese have always gone their own way, the only reason this hasn't already happened is that the Chinese have a huge investment in the US to protect.

My highly unqualified guess is that the correction will come within 3 years. A lot depends on what Chinese objectives were in encouraging this situation in the first place and exactly what pressure to revalue other countries put on China in the meantime. The one sure thing is that the US no longer has the industrial base to trade itself out from under, so if the time scale is longer, the ultimate impact will be much greater. Whatever will happen it is near impossible to imagine a scenario that isn't going to be extremely painful for the US.

GTS Mark · 04-25-2005, 11:46 AM

Lars you gonna start dumping all that real estate you have or are you going to hold on for a while longer?

Man, if I was in your market I would be dumping like a drunk guy after a night at a mexican taco stand LOL! ;)

DH

Xenophage · 04-25-2005, 11:52 AM

Quote:

Originally Posted by DrinkingHard

Lars you gonna start dumping all that real estate you have or are you going to hold on for a while longer?

Man, if I was in your market I would be dumping like a drunk guy after a night at a mexican taco stand LOL! ;)

DH

no I am holding but I am not buying more..

the issue is I think we will see a 10-20% drop.. like we did in 1989.. how many people were in real estate back then i was.... 10 years to break even... and it dipped 10-20% I think we will see the same thing.. not a huge crash but ... a decline for sure.. The problem is Porperty taxes.. I am locked in at low property tax values... what else would I do with the money ? I already have so much stock it makes my head spin.. so I figure sit on the houses till they are all paid off and just suck money off the cash cow.. and sell them when i am 70 or leave them in trust to my kid. Plus I bought all this shit in like 2000 so I already have a nice number of years into them. they are not flippers...

pstation · 04-25-2005, 11:55 AM

you could always move to indiana and buy this if you have 3.5 mill lying around

ADL_JD · 04-25-2005, 12:00 PM

Lars - how many homes/units do you have?

***

ADL_JD · 04-25-2005, 12:03 PM

BTW there is rarely such thing as an overall bubble. There are always a handful of areas that go up even when there is a correction in the overall RE market. I have a problem being an absentee landlord though. I like the Florida market right now and will continue here for a few more years but I will have a difficult time buying in another area even with property managers.

ADL Colin · 04-25-2005, 12:14 PM

Quote:

Originally Posted by Prowler

"They" have been saying its about to burst since 1998 when this thing started. $500,000 gain per house later...hmmmmm

id say im glad i didnt listen to people like you and kept on investing..i have 14 houses and there is NO sign of a burst in CA or LV or AZ keep on keeping on..

i have scared friends like you that for years told me "hey man dont buy now, just wait" and they are very sorry.

I'm not "scared". I'm buying this year. I put down enough on each property that there is a solid profit after mortgage, taxes and maintenance. This is a good way to manage your risk. Profiting from the positive cash flow. I plan on holding these homes for up to a decade - maybe even longer. The real danger is for those trying to flip homes.

What happens at the top of a bubble is that no one knows when it will burst. There are those who make fortunes on the way up and there are those who go broke buying right at the top. Those who buy at the very top of a real estate bubble with the purpose of making profits on equity increase get killed because of the leverage. Historically, frothy RE markets can lose 40% of their value within 6 months. With leverage between 5-1 and 20-1 some people will get killed.

This has happened many times in many places in history - from the local boom in Miami in the 1920s to the entire nation of Japan in the 1980s.

leedsfan · 04-25-2005, 12:17 PM

Quote:

Originally Posted by Prowler

Dont come to California, and there is no money in Porn.

ahh, finally someone with a post count percentage akin to my own.

MetaformX · 04-25-2005, 12:31 PM

From my experience in the stock market, the bubble is very close to bursting.

There is one bit of advise that I follow in regards to the stock market, which has treated me well, and I believe it applies to the hosuing market as well:

When everyone and their mother starts buying properties because everyone else around them is making money off of it and they too expect to make a quick profit, that is when the buble will burst.

When people were buying SIRIUS and the stock was at $7, everyone else started to jump on the bandwagon, thinking it was a no brainer, buying at $8...Now SIRI is at $5.

You buy when everyone else is selling, and you sell when everyone else is buying.

Xenophage · 04-25-2005, 02:17 PM

Quote:

Originally Posted by MetaformX

From my experience in the stock market, the bubble is very close to bursting.

There is one bit of advise that I follow in regards to the stock market, which has treated me well, and I believe it applies to the hosuing market as well:

When everyone and their mother starts buying properties because everyone else around them is making money off of it and they too expect to make a quick profit, that is when the buble will burst.

When people were buying SIRIUS and the stock was at $7, everyone else started to jump on the bandwagon, thinking it was a no brainer, buying at $8...Now SIRI is at $5.

You buy when everyone else is selling, and you sell when everyone else is buying.

YUP and i think the stock market is ripe for the pickings in here.. and if the house market dies then lots of investment dollars will head back to the markets.... and i will be selling stocks and buying real estate again 3-5 years from now.

long etfs ewz eem spy qqqq dia iwm

davethetruth · 04-25-2005, 02:20 PM

Quote:

Originally Posted by Prowler

Dont come to California, and there is no money in Porn.

Hahaha, ain't that the truth

AlienQ - BANNED FOR LIFE · 04-25-2005, 02:31 PM

I left the Bay Area and was born a raised there.

The tech came in and houses went beyond exageration in price.
It's definatly over rated the area is not even as nice as some of LA's urbanite area's AKA Glendale, Woodland.

The Bay Area was invaded not by just tech but Immigrants and temporary foriegner's grabbing up housing. The Natives didnt even have a fucken chance and many left.

Most of the people I went to High School with left the Bay Area as it grew. The spirit is gone but the realestate is just to stupid on costs.

Now I am thinking about Arizona.
I can own a home there for $900 a month or pay rent in California at $1785 a month...
I like it here in LA but it's just gettin WAY to stupid in Prices and the cost of living.

AlienQ - BANNED FOR LIFE · 04-25-2005, 02:37 PM

PS The family bought a house for 180K and another for 120K.
Both sold for over 800K each.

Now they are retired out in Tahoe with 3 properties and living well.

VeriSexy · 04-25-2005, 03:04 PM

As long as interest rates are kept low, it will not pop

Monk · 04-25-2005, 03:06 PM

Quote:

Originally Posted by MetaformX

When people were buying SIRIUS and the stock was at $7, everyone else started to jump on the bandwagon, thinking it was a no brainer, buying at $8...Now SIRI is at $5.

SIRI ain't done yet..... I just bought some at 5-ish... Look at the huge volume on the last upleg..... then the non-existent volume on the fall back....... she going to go boom again..... all these big money institutional investors (volume) are not going to be left holding the bag... trust me.

As far as the RE bubble, I agree.... the bust is coming.

D-Money · 04-25-2005, 03:08 PM

Man am I glad I bought when I did.

KRL · 04-25-2005, 03:10 PM

Supply

Demand

Expectations of Instant or Rapid Appreciation

Makes the Real Estate Merry Go Round Go Round Round

TheJimmy · 04-25-2005, 03:27 PM

Quote:

Originally Posted by LegendaryLars

[10:56] legendarylars: http://www.mlslistings.com/common/pr...property&name=
[10:59] legendarylars: http://www.mlslistings.com/common/pr...property&name=
[11:01] legendarylars: http://www.mlslistings.com/common/pr...property&name=
[11:01] legendarylars: http://www.mlslistings.com/common/pr...property&name=
[11:02] legendarylars: http://www.mlslistings.com/common/pr...26nbsp%3B94027
[11:02] legendarylars: http://www.mlslistings.com/common/pr...26nbsp%3B94027
[11:02] legendarylars: http://www.mlslistings.com/common/pr...property&name=

ooo I want this one for the holidays!
http://www.mlslistings.com/common/pr...property&name=

and it's only a three hour drive for me to move there, very convenient

but for real, who WOULDN"T want to be the listing agent for that last property!!! Holy Schmooooollly....

overall this thread makes me feel better though, I thought our median price of houses hitting 475k was bad down here...

TheJimmy · 04-25-2005, 03:30 PM

Quote:

Originally Posted by MetaformX

...

You buy when everyone else is selling, and you sell when everyone else is buying.

one of the most sound principles written that I first recall reading in one of the Rich Dad series, that was written by his REI partner in Phx...some guy that decided after he got his ph.D. that the RE biz was more fun and lucrative

aaron · 04-25-2005, 03:31 PM

Quote:

Originally Posted by LegendaryLars

long etfs ewz eem spy qqqq dia iwm

im 20 and dont have the capital for real estate yet but i want to start investing... just learned about ETFs and planning on starting my investing with them.

reynold · 04-26-2005, 06:01 AM

that really hurts man.

Fred Quimby · 04-26-2005, 06:06 AM

Here is a statistic that will shock you,

25% of all homes sold last year were 2nd homes

Rui · 04-26-2005, 06:17 AM

Quote:

Originally Posted by Fred Quimby

Here is a statistic that will shock you,

25% of all homes sold last year were 2nd homes

only 25%?

Xenophage · 04-26-2005, 08:09 AM

Quote:

Originally Posted by Fred Quimby

Here is a statistic that will shock you,

25% of all homes sold last year were 2nd homes

and some crazy number like 11% was bought for flipping..

new house sales up 12% this morning.. they were expecting a decline of 2% market is still on fire.. its nutty

04-25-2005, 10:08 AM	#1
Xenophage Registered User Industry Role: Join Date: Oct 2001 Posts: 12,122	Real Estate Bubble April 2005: The average sales price for March was $821,695. This is a new all-time record high, and the first time it has exceeded $800,000. Santa Cruz county Where I live.. fucking retarded.. 700K gets you a 1100 sq ft shack on a 4500 sq ft lot

04-25-2005, 10:10 AM	#2
Eric Confirmed User Industry Role: Join Date: Dec 2000 Location: The Helm! Posts: 8,818	We live in California, there isn't a bubble here. It is a slope up and to the right. __________________ No One

04-25-2005, 10:12 AM	#3
Veterans Day Confirmed User Join Date: Jul 2003 Location: The Windy City Posts: 8,403	It's california, what do you expect from the most overrated state. __________________ Build a Massive Traffic Network, Hands FREE, Totally Automated

04-25-2005, 10:13 AM	#4
Tony Montana Confirmed User Join Date: Jan 2005 Posts: 794	800k here gets you a 6,000+ sqft luxury home __________________ I am a marketing Genius.

04-25-2005, 10:14 AM	#5
Prowler Confirmed User Join Date: Mar 2001 Location: East County San Diego Posts: 217	Dont come to California, and there is no money in Porn. __________________ Same shit, different year!!!

04-25-2005, 10:14 AM	#6
MediumPimpin Confirmed User Join Date: Apr 2003 Posts: 1,488	This is starting to happen all over, the new condo's in Miami are 400k for a 600ft studio apartment, with no ocean view __________________ nats.mediumpimpin.com

04-25-2005, 10:16 AM	#7
ADL Colin Too lazy to set a custom title Join Date: Feb 2001 Location: Tube Titans, USA Posts: 11,929	There's a worldwide bubble. Well, in many nations anyway. The bubble has already burst in some cities. See Sydney, Australia. Just hope the landing is softer than the 80s real estate bubble in Japan. Real Estate in Japan is down 60% since 1990, 80% in Tokyo. Interest rates a'risin'. Some people with ARMs are gonna get hurt. __________________ Adult Date Link - $50 PPS starting NOW! -- good and JUICY! skype = "adultdatelink"

04-25-2005, 10:17 AM	#8
ADL Colin Too lazy to set a custom title Join Date: Feb 2001 Location: Tube Titans, USA Posts: 11,929	This is the kind of nonsense that is published during a bubble. http://www.amazon.com/exec/obidos/tg...books&n=507846 __________________ Adult Date Link - $50 PPS starting NOW! -- good and JUICY! skype = "adultdatelink"

04-25-2005, 10:33 AM	#12
Prowler Confirmed User Join Date: Mar 2001 Location: East County San Diego Posts: 217	"They" have been saying its about to burst since 1998 when this thing started. $500,000 gain per house later...hmmmmm id say im glad i didnt listen to people like you and kept on investing..i have 14 houses and there is NO sign of a burst in CA or LV or AZ keep on keeping on.. i have scared friends like you that for years told me "hey man dont buy now, just wait" and they are very sorry. __________________ Same shit, different year!!!

04-25-2005, 10:39 AM	#13
betsy Confirmed User Join Date: Mar 2005 Location: Brooklyn, yo! Posts: 625	I went house hunting this weekend on the peninsula, and it was one of the most depressing experiences of my life. The cheapest house we found was 760k for a 3 bedroom 1 bath shack. Even with 100k down (which I don't have) thats about a 4-5k a month mortgage payment depending on your rate. Sigh. __________________ www.phoxglove.com YIM: phoxgloveent ICQ: 237171474 AIM: phoxglove

04-25-2005, 10:43 AM	#15
pstation Confirmed User Join Date: Jul 2003 Location: chicago Posts: 1,135	It's hard finding a house out here that costs more than 200k

04-25-2005, 10:47 AM	#16
warlock5 Confirmed User Join Date: Jan 2004 Location: Uranus Posts: 2,808	Rising interest rates will be the turning point. But I doubt that will happen until Bush is just about to leave office or already gone, cause the economy will nose dive again

04-25-2005, 10:51 AM	#17
UniqueMovies Confirmed User Industry Role: Join Date: Feb 2003 Posts: 1,691	this is what you get in Ottawa Canada for 800k http://www.homesinottawa.com/newhome...lcrestphot.htm

04-25-2005, 10:58 AM	#20
The Adult Broker Confirmed User Join Date: Dec 2004 Location: The World Posts: 5,265	where do you think the best place/city/state is to buy right now? __________________ Gamma Entertainment \| \| Camz \| Fleshbot\| TheMobileBroker AdultShowsOnly Lori Z., The Adult Broker \| theadultbroker.com \| [email protected] \| The Mobile Broker \| themobilebroker.com \| [email protected] \|-Adult's ONE stop MOBILE shop ICQ: 289567792

04-25-2005, 11:00 AM	#21
Rui web Join Date: Dec 2001 Location: On icq: 85-483-060 Posts: 9,533	Holy shit, next time I complain about your cheap car pricing, remind me of this thread, real-estate is going wild here but nowhere near compared to what some of you guys are saying :S Shit

04-25-2005, 11:01 AM	#22
gdog Confirmed User Join Date: Aug 2004 Location: San Diego Posts: 1,550	I work with a couple of other investors and we are heading into Phoenix and Austin next month to check out some new pre construction properties. __________________ Busty Amateurs is Back - Meet the Girls \| Read the BLOG \| See the UPDATES High conversions and high retention, almost 1000 hosted galleries 995 PAYS Samples Big Boobs \| Busty Babes \| Strap Ons \| Hardcore \| Amateurs \| Videos

04-25-2005, 11:08 AM	#23
Xenophage Registered User Industry Role: Join Date: Oct 2001 Posts: 12,122	[10:56] legendarylars: http://www.mlslistings.com/common/pr...property&name= [10:59] legendarylars: http://www.mlslistings.com/common/pr...property&name= [11:01] legendarylars: http://www.mlslistings.com/common/pr...property&name= [11:01] legendarylars: http://www.mlslistings.com/common/pr...property&name= [11:02] legendarylars: http://www.mlslistings.com/common/pr...26nbsp%3B94027 [11:02] legendarylars: http://www.mlslistings.com/common/pr...26nbsp%3B94027 [11:02] legendarylars: http://www.mlslistings.com/common/pr...property&name=

04-25-2005, 11:19 AM	#25
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	I'll take this one http://www.mlslistings.com/common/pr...property&name= __________________

04-25-2005, 11:25 AM	#26
UniversalPassLorence Confirmed User Join Date: Dec 2004 Location: Califonia Posts: 3,721	There is a rush of foreign investments since the Dollar is weak and intrest rates are low. __________________ $25.00 PPS for $1.00 Trial Making Webmasters Money Since 1997 ICQ: 305090349

04-25-2005, 11:26 AM	#27
jayeff Confirmed User Join Date: May 2001 Posts: 2,944	The world is facing an economic scenario has never existed before, and China is the key. Since 1994 China has pegged its currency to the dollar and with the declining value of the dollar against other major currencies, China's currency has itself become undervalued. During that same period the US trade deficit with China has grown beyond $150 billion a year: more than double the deficit with Japan. China has also become one of the US major creditors: almost half of the $2 billion a day that the US borrows is loaned to it by China, Japan, Taiwan and South Korea. Effectively China has control of the US economy and if China fulfils its committment to the World Trade Organisation to allow its currency to float, the dollar will collapse, shopping at Wal-Mart will become like shopping on 5th Avenue, interest rates will soar and house prices will implode. Apart from the fact that the Chinese have always gone their own way, the only reason this hasn't already happened is that the Chinese have a huge investment in the US to protect. My highly unqualified guess is that the correction will come within 3 years. A lot depends on what Chinese objectives were in encouraging this situation in the first place and exactly what pressure to revalue other countries put on China in the meantime. The one sure thing is that the US no longer has the industrial base to trade itself out from under, so if the time scale is longer, the ultimate impact will be much greater. Whatever will happen it is near impossible to imagine a scenario that isn't going to be extremely painful for the US.

04-25-2005, 11:46 AM	#28
GTS Mark Vrume Mark Industry Role: Join Date: Jan 2001 Location: Toronto, Canada Posts: 20,912	Lars you gonna start dumping all that real estate you have or are you going to hold on for a while longer? Man, if I was in your market I would be dumping like a drunk guy after a night at a mexican taco stand LOL! ;) DH

04-25-2005, 11:55 AM	#30
pstation Confirmed User Join Date: Jul 2003 Location: chicago Posts: 1,135	you could always move to indiana and buy this if you have 3.5 mill lying around

04-25-2005, 12:00 PM	#31
ADL_JD Confirmed User Join Date: Dec 2004 Posts: 460	Lars - how many homes/units do you have? *** __________________ ADULT DATE LINK If You Have Traffic, we can make you $$$. Great Conversion Ratio from a Trusted Company. Seven great niches - black, teen, gay, mature, latin, asian, swinger.

04-25-2005, 12:03 PM	#32
ADL_JD Confirmed User Join Date: Dec 2004 Posts: 460	BTW there is rarely such thing as an overall bubble. There are always a handful of areas that go up even when there is a correction in the overall RE market. I have a problem being an absentee landlord though. I like the Florida market right now and will continue here for a few more years but I will have a difficult time buying in another area even with property managers. __________________ ADULT DATE LINK If You Have Traffic, we can make you $$$. Great Conversion Ratio from a Trusted Company. Seven great niches - black, teen, gay, mature, latin, asian, swinger.

04-25-2005, 12:31 PM	#35
MetaformX Confirmed User Join Date: Mar 2002 Posts: 6,704	From my experience in the stock market, the bubble is very close to bursting. There is one bit of advise that I follow in regards to the stock market, which has treated me well, and I believe it applies to the hosuing market as well: When everyone and their mother starts buying properties because everyone else around them is making money off of it and they too expect to make a quick profit, that is when the buble will burst. When people were buying SIRIUS and the stock was at $7, everyone else started to jump on the bandwagon, thinking it was a no brainer, buying at $8...Now SIRI is at $5. You buy when everyone else is selling, and you sell when everyone else is buying. __________________

04-25-2005, 02:31 PM	#38
AlienQ - BANNED FOR LIFE best designer on GFY Join Date: Mar 2003 Location: IALIEN.COM - High Definition Video and Photographic Productions -ICQ 78943384 Posts: 30,307	I left the Bay Area and was born a raised there. The tech came in and houses went beyond exageration in price. It's definatly over rated the area is not even as nice as some of LA's urbanite area's AKA Glendale, Woodland. The Bay Area was invaded not by just tech but Immigrants and temporary foriegner's grabbing up housing. The Natives didnt even have a fucken chance and many left. Most of the people I went to High School with left the Bay Area as it grew. The spirit is gone but the realestate is just to stupid on costs. Now I am thinking about Arizona. I can own a home there for $900 a month or pay rent in California at $1785 a month... I like it here in LA but it's just gettin WAY to stupid in Prices and the cost of living. __________________ NAKED HOSTING FTW!11 I'm On The INSANE PLAN $9.95/mo! \| The Alien Blog Adult News Worth Reading Updated Daily \| Content For Sale! 641 PICS 216 MINUTES OF VIDEO $350.00 \|ICQ: 78943384 \|

04-25-2005, 02:37 PM	#39
AlienQ - BANNED FOR LIFE best designer on GFY Join Date: Mar 2003 Location: IALIEN.COM - High Definition Video and Photographic Productions -ICQ 78943384 Posts: 30,307	PS The family bought a house for 180K and another for 120K. Both sold for over 800K each. Now they are retired out in Tahoe with 3 properties and living well. __________________ NAKED HOSTING FTW!11 I'm On The INSANE PLAN $9.95/mo! \| The Alien Blog Adult News Worth Reading Updated Daily \| Content For Sale! 641 PICS 216 MINUTES OF VIDEO $350.00 \|ICQ: 78943384 \|

04-25-2005, 03:04 PM	#40
VeriSexy Join The Royal Family Join Date: Apr 2002 Posts: 25,463	As long as interest rates are kept low, it will not pop __________________ Looking for a KICK ASS TEEN SPONSOR? Check out ROYAL CASH - THE KING OF TEEN! Incredible webmaster tools FHGs, Morphing Blog and RSS Feeds, Embedded FLV & WMV Videos. With TOP RATIO Sites like TeenStarsOnly.com - Earn $$ with our New Site & Bonus Payouts!! ATMovs.com \| iTeenVideo.com \| TeenSexMovs.com \| TeenSexMania.com

04-25-2005, 03:08 PM	#42
D-Money Too lazy to set a custom title Industry Role: Join Date: Feb 2002 Location: Player Del Ray Posts: 9,716	Man am I glad I bought when I did. __________________ Still Ballin'

04-25-2005, 03:10 PM	#43
KRL Entrepreneur Join Date: Oct 2002 Location: USA Posts: 31,429	Supply Demand Expectations of Instant or Rapid Appreciation Makes the Real Estate Merry Go Round Go Round Round __________________ If you would like to develop your domains, you can lease inexpensive foreign labor from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION! * * * * * * * * * * * * Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains

04-26-2005, 06:01 AM	#47
reynold Too lazy to set a custom title Join Date: Oct 2002 Location: Global Traveler Posts: 51,271	that really hurts man.

04-26-2005, 06:06 AM	#48
Fred Quimby Confirmed User Join Date: Jul 2004 Location: Long Island, NY Posts: 5,430	Here is a statistic that will shock you, 25% of all homes sold last year were 2nd homes __________________