[quote=briansd1][quote=flu]
You know what? That’s why I want to buy more rentals… I want that check money back, and I want to get my cut… [/quote]
Why that schoolyard mentality of wanting something because some other people got something else? It’s not a competition.
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Because that’s the american way. I learned that recently! In fact, I’ve also learned that the best way to deal with this situation is also to spend money you don’t have that’s not yours so that heavens forbid if something goes wrong, it’s not your fault, it’s the banks! So borrow borrow borrow borrow!
I want it, I earned it, and by golly I’m good enough for it!
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I agree that now, and in the next few years, is a good time to buy rentals. Think of it an opportunity to build your own portfolio because of some dislocations in the marketplace.
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brian, you know I’m just being a jackass in this post. But reality is I agree with you on the rental markets… Contrary to what some may say, I know you’re pretty smart guy (except maybe your analysis of politics and women…But then I would challenge any man who claims they are smart on the latter.)
I just like giving people crap on the message board sometimes. In as much as I like getting me equal dose of crap…
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The article said BofA will pay $13,000 to a guy for completing the short sale. He maintained the property and kept it good condition desirable to a resale. He kept the values in the neighborhood up and filled out the disclosure form for the buyer; and he’s doing all the things that BG mentioned. All of that has value more than $13,000. How much do you think BofA would have to pay lawyers and management companies in a foreclosure?
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Yeah, I know good point…
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BTW, I’m thinking that Greece will exit the Euro. That will cause interest rates in America to drop to record lows. There’s your opportunity to refinance yet again; or buy at record low interest rates.[/quote]
I would disagree with you on this one… I think quite the opposite. When Greece exits the euro, you’re going to have a blood bath, because just like similar to the housing implosion, we won’t know how much exposure there is to all that debt.. Credit will once again contract, and frankly ironically, I would say the dollar will get stronger because all the sudden, USD seems like the most stable thing out there again…People will pick up treasury, bonds, probably…
I’m probably one of the few people that think that Greece won’t exit the Euro. What I think will happen is the european banks will look at their books and go, “oh shit”, and there will be an emergency bailout package that comes…. But that’s just my opinion.
But then again, I’m not an economist so I won’t know.
