Who's smart enough to buy property now? - GoFuckYourself.com

sweetcuties · 06-09-2008, 09:18 AM

Now's the "perfect storm" to pick up something

Sosa · 06-09-2008, 09:26 AM

If you got extra money laying around to grab some properties and are able to put down a nice sized down payment you can do well.

Chris · 06-09-2008, 09:28 AM

my folks are on a buying spree
tons of 100k+ houses ( i live in texas so 100k houses are high end homes )
they are picking up for 50-75

tiger · 06-09-2008, 09:43 AM

Many people are smart enough. But you also need to have lots of cash and be able to get financing.

woj · 06-09-2008, 09:45 AM

I don't think it's the best time to buy yet, but we should get there soon...

james_clickmemedia · 06-09-2008, 09:59 AM

waiting for a few months then will start buying some properties in vegas.....

Andy Servers4Less · 06-09-2008, 10:02 AM

Ahh I'm happy with my strategy which is to buy at the peak of the market... really happy

nosey · 06-09-2008, 10:10 AM

Quote:

Originally Posted by woj

I don't think it's the best time to buy yet, but we should get there soon...

soon indeed

SifuE · 06-09-2008, 10:13 AM

soooooooooon indeed

~Ray · 06-09-2008, 12:03 PM

Quote:

Originally Posted by james_clickmemedia

waiting for a few months then will start buying some properties in vegas.....

you should start flipping Plano East. it's due.

pornguy · 06-09-2008, 12:26 PM

Looking for a few more to buy now, but I am doing so internationally.

tranza · 06-09-2008, 12:28 PM

Quote:

Originally Posted by tiger

Many people are smart enough. But you also need to have lots of cash and be able to get financing.

hahahaha very good!

candyflip · 06-09-2008, 12:30 PM

We're in the process of trying to secure 40 acres that weren't zone how the developer wanted them to be zoned, so he's dumping them for about 70% of their assessed value.

Casa Nova · 06-09-2008, 12:34 PM

I have been starting to invest in property and stocks now that things are falling.

cybermike · 06-09-2008, 12:35 PM

Living in Ny I'm missing out on the cheap houses

DateDoc · 06-09-2008, 12:37 PM

few more months til prime pickings...

candyflip · 06-09-2008, 12:37 PM

Quote:

Originally Posted by cybermike

Living in Ny I'm missing out on the cheap houses

I take it you mean NYC, because I'm in NY (Rochester) and we've got plenty of them for cheap.

Electric Lights · 06-09-2008, 12:51 PM

Quote:

Originally Posted by sweetcuties

Now's the "perfect storm" to pick up something

No, today is more like the small rolling waves that announce a hurricane is headed your way... it'll be a few years before this market hits bottom. There is absolutely no reason to buy now. If you do, you'll just be part of the losers in the real estate market. Check back in a year, when prices are down another 25% or more, then start looking to buy in 2010.

Kevin Cunningham · 06-09-2008, 02:48 PM

Quote:

Originally Posted by Chris

my folks are on a buying spree
tons of 100k+ houses ( i live in texas so 100k houses are high end homes )
they are picking up for 50-75

100k houses are high end homes???????????????????????????????? by high end you mean not super low end??

96ukssob · 06-09-2008, 02:53 PM

Mortgage and lending companies are really picky which sucks. I applied for a nice sized house near me for $280k and was told I need to put down at least 20% even on a 15 year mortgage.

mainly, Im a first time buyer and "self employed" so getting mortgage insurance is a bit difficult from what Im told. Its a load of crap tho. My friend makes like $35k a year and got approved for a $150k mortgage and is in debt up to his eyes. I make way more than that, but because i dont have extensive credit history (2+ years) im at high risk.

oh well, looks like ill keep renting for a bit

slapass · 06-09-2008, 03:03 PM

I know the reasons to wait but I have been buying for a while and will put in more offers this month. I just do not see it going much lower but one can always be wrong.

deniska · 06-09-2008, 03:06 PM

Quote:

Originally Posted by Chris

my folks are on a buying spree
tons of 100k+ houses ( i live in texas so 100k houses are high end homes )
they are picking up for 50-75

50 to 75k should be enough to cover the new york city transfer tax for a new small 2 bedroom condo

whatthef · 06-09-2008, 03:07 PM

I am

Just bought a condo on the Sunset Strip.

www.justinrubin.com

06-09-2008, 09:18 AM	#1
sweetcuties Confirmed User Join Date: Feb 2002 Location: Somewhere Posts: 5,859	Who's smart enough to buy property now? Now's the "perfect storm" to pick up something __________________

06-09-2008, 09:28 AM	#3
Chris Too lazy to set a custom title Industry Role: Join Date: May 2003 Location: icq: 71462500 Skype: Jupzchris Posts: 27,880	my folks are on a buying spree tons of 100k+ houses ( i live in texas so 100k houses are high end homes ) they are picking up for 50-75 __________________ [email protected]

06-09-2008, 09:43 AM	#4
tiger Confirmed User Industry Role: Join Date: Apr 2002 Location: Los Angeles Posts: 6,986	Many people are smart enough. But you also need to have lots of cash and be able to get financing. __________________

06-09-2008, 09:45 AM	#5
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	I don't think it's the best time to buy yet, but we should get there soon... __________________ 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

06-09-2008, 09:59 AM	#6
james_clickmemedia Confirmed User Join Date: Apr 2003 Location: Texas / London Posts: 2,204	waiting for a few months then will start buying some properties in vegas..... __________________ $ CLICKMEMEDIA.COM $ CONVERTING ETHNIC TRAFFIC SINCE 1998 ~ $30+PPS BLACK-X.COM - NEW BLACK EX-GF SITE CLICKMEMEDIA.COM ~ ICQ - 8788771

06-09-2008, 09:26 AM	#2
Sosa In Tushy Land Join Date: Oct 2002 Location: Nebraska Posts: 40,149	If you got extra money laying around to grab some properties and are able to put down a nice sized down payment you can do well.

06-09-2008, 10:02 AM	#7
Andy Servers4Less Confirmed User Join Date: Apr 2007 Posts: 922	Ahh I'm happy with my strategy which is to buy at the peak of the market... really happy __________________ Andy Servers4Less www.ServersForLess.com ICQ: 412-203-056 DUAL QUAD CORES W/100 Mbps UNMETERED- $799/ month!!

06-09-2008, 10:13 AM	#9
SifuE Confirmed User Join Date: Aug 2007 Location: Scottsdale Posts: 877	soooooooooon indeed __________________ I.C.Q 360-553-673

06-09-2008, 12:26 PM	#11
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	Looking for a few more to buy now, but I am doing so internationally. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

06-09-2008, 12:30 PM	#13
candyflip Carpe Visio Industry Role: Join Date: Jul 2002 Location: New York Posts: 43,064	We're in the process of trying to secure 40 acres that weren't zone how the developer wanted them to be zoned, so he's dumping them for about 70% of their assessed value. __________________ Spend you some brain. Email Me

06-09-2008, 12:34 PM	#14
Casa Nova Confirmed User Join Date: Mar 2007 Location: Toronto Posts: 2,867	I have been starting to invest in property and stocks now that things are falling. __________________ ICQ: 405 009 573

06-09-2008, 12:35 PM	#15
cybermike Confirmed User Join Date: Jan 2002 Location: Ny Posts: 4,113	Living in Ny I'm missing out on the cheap houses __________________ Hey surfers how about some The Best Porn Sites

06-09-2008, 12:37 PM	#16
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	few more months til prime pickings... __________________

06-09-2008, 02:53 PM	#20
96ukssob So Fucking Banananananas Industry Role: Join Date: Mar 2003 Location: If I was in your ass you'd know it Posts: 12,991	Mortgage and lending companies are really picky which sucks. I applied for a nice sized house near me for $280k and was told I need to put down at least 20% even on a 15 year mortgage. mainly, Im a first time buyer and "self employed" so getting mortgage insurance is a bit difficult from what Im told. Its a load of crap tho. My friend makes like $35k a year and got approved for a $150k mortgage and is in debt up to his eyes. I make way more than that, but because i dont have extensive credit history (2+ years) im at high risk. oh well, looks like ill keep renting for a bit __________________ Email: Clicky on Me

06-09-2008, 03:03 PM	#21
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,622	I know the reasons to wait but I have been buying for a while and will put in more offers this month. I just do not see it going much lower but one can always be wrong.

06-09-2008, 03:07 PM	#23
whatthef Confirmed User Join Date: Mar 2008 Posts: 179	I am Just bought a condo on the Sunset Strip. www.justinrubin.com