Real estate is nuts here - Page 2 - GoFuckYourself.com

Violetta · 11-06-2007, 02:21 PM

Good time to buy in then I guess!

xlogger · 11-06-2007, 03:19 PM

I am looking for a house right now! I'm glad now is the time to buy.

woj · 11-06-2007, 03:56 PM

and the sad part, this is just the beginning...

L-Pink · 11-06-2007, 04:00 PM

Quote:

Originally Posted by woj

and the sad part, this is just the beginning...

Yea, I would wait some more before I bought.

smutnut · 11-06-2007, 04:28 PM

I have an awesome cardboard box with a nice plastic throw-over on the edge of skid row for a fair price

slapass · 11-06-2007, 04:49 PM

Quote:

Originally Posted by After Shock Media

Not including any property taxes, closing costs, and assuming 0 down.
70k on a 30yr fixed at 6.25 would be 431.00 per month.

So if rents are above 520.00 a month typically that is a great market right now. Specially if you can justify a standard 3% per year rent increase.

Let me help you a bit.

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.

slapass · 06-22-2014, 05:14 AM

Quote:

Originally Posted by slapass

Let me help you a bit.

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.

Looking over the purchase agreement to sell them right now. A bundle deal. It was fun while it lasted.

Bought most for about 50k and selling for an average of 95k. That is after brokerage fees.

scubadiver626 · 06-22-2014, 07:02 AM

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!

Jel · 06-22-2014, 07:23 AM

Quote:

Originally Posted by slapass

Looking over the purchase agreement to sell them right now. A bundle deal. It was fun while it lasted.

Bought most for about 50k and selling for an average of 95k. That is after brokerage fees.

very nice mate, good on you

Rumbledog · 06-22-2014, 07:36 AM

Real State is going up in Arizona, so Obama is now flooding the state with illegal immigrants to destroy the housing market in Arizona!

Relentless · 06-22-2014, 08:03 AM

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.

American Psycho · 06-22-2014, 09:21 PM

If you go out in winter you will die.
maybe people wised up to that amd saying fuck it.

11-06-2007, 02:21 PM	#51
Violetta Affiliate Join Date: Jul 2004 Posts: 28,735	Good time to buy in then I guess! __________________ M&A Queen

11-06-2007, 03:19 PM	#52
xlogger Confirmed User Join Date: Jul 2004 Location: NY Posts: 9,507	I am looking for a house right now! I'm glad now is the time to buy. __________________ ---------- XLOGGER [REFLECTED] [OH]

11-06-2007, 03:56 PM	#53
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	and the sad part, this is just the beginning... __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

06-22-2014, 07:02 AM	#58
scubadiver626 Confirmed User Join Date: Oct 2006 Posts: 1,034	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! __________________ AsiaMoviePass My Best Rebilling Site

06-22-2014, 08:03 AM	#61
Relentless www.EngineFood.com Industry Role: Join Date: Aug 2006 Posts: 5,697	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. __________________ Website Secure \| Engine Food ICQ# 266-942-896

11-06-2007, 04:28 PM	#55
smutnut So Fucking Banned Industry Role: Join Date: Jul 2007 Location: Babylon Posts: 5,889	I have an awesome cardboard box with a nice plastic throw-over on the edge of skid row for a fair price

06-22-2014, 07:36 AM	#60
Rumbledog So Fucking Banned Industry Role: Join Date: Mar 2008 Posts: 299	Real State is going up in Arizona, so Obama is now flooding the state with illegal immigrants to destroy the housing market in Arizona!

06-22-2014, 09:21 PM	#62
American Psycho Confirmed User Industry Role: Join Date: Feb 2009 Posts: 3,068	If you go out in winter you will die. maybe people wised up to that amd saying fuck it.