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Good time to buy in then I guess!
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I am looking for a house right now! I'm glad now is the time to buy. :thumbsup
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and the sad part, this is just the beginning...
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I have an awesome cardboard box with a nice plastic throw-over on the edge of skid row for a fair price:1orglaugh
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Rent 1100 Taxes - 120 ins - 60 water - 90 maint 110 vac 55 manage 110 the house in question is a little better then break even. But add in tax benefits and appreciation and it is pretty easy to become wealthy in the long run with this type of stuff. Buying with both hands at the moment. |
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Bought most for about 50k and selling for an average of 95k. That is after brokerage fees. :thumbsup |
We bought a rental home in Vegas, 2008 for 130k. Comps show similar homes selling for 220k.
Buy when there's blood on the streets! |
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Real State is going up in Arizona, so Obama is now flooding the state with illegal immigrants to destroy the housing market in Arizona!
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New York and Seattle are booming. If interest rates don't rise soon the rest of the country will follow. It's all being fueled by inflationary monetary policy. When they decide to raise rates and how fast they raise them will determine if the new bubble bursts or becomes a period of sustainable growth. I'd be particularly nervous about buying condos, townhouses and coops at the lower end of the spectrum now. If the bubble does pop they will fall the fastest and the farthest.
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If you go out in winter you will die.
maybe people wised up to that amd saying fuck it. |
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