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Old 11-03-2006, 08:16 PM   #1
Quotealex
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Sacramento housing is going bust

Who would have thought you could lose money in real estate!

http://flippersintrouble.blogspot.com/
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Old 11-03-2006, 08:19 PM   #2
scotty2hotty1111
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Total Loss: $158,500 Percent Loss: 30.6%
Asking Price: $360,000
Bedrooms:3 Baths: 1 Sq. feet:1262

Previous Sales:
Sold on 2005-12-02 for $518,500

..........
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Old 11-03-2006, 08:22 PM   #3
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All things rise and fall. Diversify! And panic NOT --


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Old 11-03-2006, 08:22 PM   #4
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anything over 30% is a steal
got anything for montreal?
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Old 11-03-2006, 08:27 PM   #5
A-Bomb
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Time to buy in Sacremento!
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Old 11-03-2006, 08:46 PM   #6
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Originally Posted by tehHinjew View Post
got anything for montreal?
I'm starting too see a few foreclosures in Montreal but they're being purchased very quickly. Give it another 12-24 months and you should see alot more of them.
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Old 11-03-2006, 08:53 PM   #7
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The housing market boom is over folks. Time to sit tight.

However, I don't feel too bad for those people who made a killing selling houses, for real estate agents, and house flippers. The made mad money and now, well, they'll have to go get a job.
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Old 11-03-2006, 08:55 PM   #8
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nutsac town they call it...
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Old 11-04-2006, 06:01 AM   #9
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Originally Posted by A-Bomb View Post
Time to buy in Sacremento!
I still think the prices are too hight now. I would wait a few more years
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Old 11-04-2006, 07:21 AM   #10
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From http://iamfacingforeclosure.com/ : " I'm a 24-year-old aspiring real estate investor from Sacramento CA. After going to few seminars I bought 8 houses in 8 months across 4 states with no money down. I fixed and sold 2 and then ran out of cash. I am now facing foreclosure on 6- 5 houses. I'm learning my lessons, finding solutions and blogging about it. Comments appreciated!

- Casey Serin"
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Old 11-04-2006, 09:23 AM   #11
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I still think the prices are too hight now. I would wait a few more years
Yep, we're still in the early part of this downturn.
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