Easy to figure this one out.
ADOLPH
Comments
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Whoa, how would a bank or a mortgage holder allow a lease to own contract?? There’s something really fishing going on there.
That’s when you burn the motherfucker down, and let the state clean the **** up.
then of course people dont pay their tax on the house they walked away from, renters dont pay that tax. So an empty house no one wants just sits their. I knew CA was screwed a few years ago when I looked at a little **** box house that was 400,000 in a bad area with bars on the windows and gang type mexicans living next door.
Supply being fixed does make the asset go up in value all the time. If demand decreases (e.g. if fewer people have babies and population declines) then land prices will go down.
heh yesterday i and my sister buy two house in Kodiak AK 250k usd for each is great place for summer vacation,but for living beter Europe
“Real estate never goes down” is a lie but the words themselves make it a double lie because they obscure what is really going on. Real estate is improvements and land. Improvements, i.e. houses, don’t go up in value because they depreciate and their supply is constantly increased by builders keeping cost/price stable. It is land value that goes up because its supply is fixed. It is land value that is bid up sky high and comes down in periodic “real estate” booms and busts in an 18 year cycle.
unless you get a place in an area where it would be easy to rent. ie. hospitals, universities, large business areas.
Ironically, I paid cash for my house or rather,’project’ and paid in full, but with the increase expense of construction supplies, gas, hydro, taxes, fees etc. from all the hoopla created by the housing boom, I ended up selling anyways -It just wasn’t worth the time and money in the long term
Isn’t this what real estate people were saying in 2006?
Thanks. You are correct. Please continue dispelling the lies of the realthores.
Here’s one more tidbit:
Housing prices over time appreciate about 0.3% ahead of inflation which is essentially nothing. Just something to think about when making an “investment” in real estate. You get a better deal if you put your money in a bank money market fund.
If your in one of those areas where prices have declined 40 to 50%, and appreciation goes back to historical rates before the bubble, you can expect to only appreciate 2 to4% a year. It will take a long time, more then most people stay in one house to recoup.
Don’t listen to real estate agents. They are dopes. They know little about the market. Most only know how to list a house. Besides, 10 years is not ling at all, especially if the last 6 to 7 were in this bubble market.
This is not true. Value is down all over. Appreciation for the previous years, start of the bubble 14 to 20%. Now it is burst, along with it, easy credit that caused it. It could be a long time before you get what you paid for your house. Your house WON’T appreciate like it had, because the easy credit is not there
If you are in a long foreclosure state, pocket the money until they evict you then go buy a house the same as the one you left for half the price…..in 5 years after this is over.
Take a step back and lighten up! Only those who do not have the real facts throw insults. As a Real Estate Professional I know this market intimately with 10 years experience and I can confidently tell you Real Estate is local and now is a great time to buy! And depending on your area, once again now is an absoltely perfect time, probably the best time to buy a house. For residence or for investment you can never go wrong with Real Estate. It is the ultimate fail proof way to build wealth.
fuck you, the real estate is going down *******. NATION-WIDE
This is just one area. One community. It means nothing. Real Estate is regional. With that in mind you should understand now is the best time to buy! Do you want to build wealth? There has never been a better time than now! What are you people waiting for? Interest rates are low, prices have hit a floor and stabalized, and best of all inventory is high. You get many more options to select which houses you want compared to 2005. Come on people wake up! Dont let this chance pass you buy!
And a lease to own is not a suckers bet. I have done tons of them over the last 10 years and almost all worked out just fine. If anything, the landlord is usually the one that gets screwed.
shoot. I live in Upstate NY and I have 3 across the street from me in foreclosure. All happened in the last 6-months. Empty with no buyers.
I’m surprised that American realtors and home owners nationwide haven’t started a national protest movement to burn all the bank-owned foreclosure properties….
1)
it would drastically improve the housing market and
2)
they would actually get something for their tax money being confiscated by Congress to pay off the distressed banks who hold the titles. How many house titles has the Fed (they caused the bubble with too low interest rates)received from distressed banks as collateral?
It’s a shame for that Mustang at 3:23. Looks like a 5.0 car.
Goes to show that the homes were sold to anyone willing to sign.
