Buy now – the bidding war will drive prices up

[ucodegen]

I think the problem is in the confusion of value and worth.

Worth is just simply what something is worth… related to costs and desirability. It is not value.

Value is based upon how much you paid for that unit of ‘worth’. If you paid less than what ‘worth’ was worth.. than you have value in your purchase.. otherwise you wasted money (another asset that has worth.. presently rapidly depreciating at that)

[NotCranky]

I’ll take any help I can get UCO.
My post wasn’t that great at expressing any of the multiple points I was shooting for and looks like it is open to drawing many conclusions that I would rather not inspire.

Just like people got too excited with the granite and appliances combined with easy money and paid more than what the property was worth the reverse effect can happen with hard to get money today and beat up or not so stylish properties. More “worth” can be derived for less money especially with lowball offers and an eye for “worth” that is not apparent to everyone. A willingness to sweat is a big help. Enterprise and somebody elses labor can do the trick too.Having the guts to not care what anyone thinks about the purchase is a must. This is also a good way to avoid being upside down on a house.
I did especially not mean to insinuate that buying the “dogs” is about not being able to afford a turnkey, though it could be. Nothing wrong with getting into a location/neighborhood by buying the worst house there.

[NotCranky]

I’ll take any help I can get UCO.
My post wasn’t that great at expressing any of the multiple points I was shooting for and looks like it is open to drawing many conclusions that I would rather not inspire.

Just like people got too excited with the granite and appliances combined with easy money and paid more than what the property was worth the reverse effect can happen with hard to get money today and beat up or not so stylish properties. More “worth” can be derived for less money especially with lowball offers and an eye for “worth” that is not apparent to everyone. A willingness to sweat is a big help. Enterprise and somebody elses labor can do the trick too.Having the guts to not care what anyone thinks about the purchase is a must. This is also a good way to avoid being upside down on a house.
I did especially not mean to insinuate that buying the “dogs” is about not being able to afford a turnkey, though it could be. Nothing wrong with getting into a location/neighborhood by buying the worst house there.

[NotCranky]

I’ll take any help I can get UCO.
My post wasn’t that great at expressing any of the multiple points I was shooting for and looks like it is open to drawing many conclusions that I would rather not inspire.

Just like people got too excited with the granite and appliances combined with easy money and paid more than what the property was worth the reverse effect can happen with hard to get money today and beat up or not so stylish properties. More “worth” can be derived for less money especially with lowball offers and an eye for “worth” that is not apparent to everyone. A willingness to sweat is a big help. Enterprise and somebody elses labor can do the trick too.Having the guts to not care what anyone thinks about the purchase is a must. This is also a good way to avoid being upside down on a house.
I did especially not mean to insinuate that buying the “dogs” is about not being able to afford a turnkey, though it could be. Nothing wrong with getting into a location/neighborhood by buying the worst house there.

[NotCranky]

I’ll take any help I can get UCO.
My post wasn’t that great at expressing any of the multiple points I was shooting for and looks like it is open to drawing many conclusions that I would rather not inspire.

Just like people got too excited with the granite and appliances combined with easy money and paid more than what the property was worth the reverse effect can happen with hard to get money today and beat up or not so stylish properties. More “worth” can be derived for less money especially with lowball offers and an eye for “worth” that is not apparent to everyone. A willingness to sweat is a big help. Enterprise and somebody elses labor can do the trick too.Having the guts to not care what anyone thinks about the purchase is a must. This is also a good way to avoid being upside down on a house.
I did especially not mean to insinuate that buying the “dogs” is about not being able to afford a turnkey, though it could be. Nothing wrong with getting into a location/neighborhood by buying the worst house there.

[NotCranky]

I’ll take any help I can get UCO.
My post wasn’t that great at expressing any of the multiple points I was shooting for and looks like it is open to drawing many conclusions that I would rather not inspire.

Just like people got too excited with the granite and appliances combined with easy money and paid more than what the property was worth the reverse effect can happen with hard to get money today and beat up or not so stylish properties. More “worth” can be derived for less money especially with lowball offers and an eye for “worth” that is not apparent to everyone. A willingness to sweat is a big help. Enterprise and somebody elses labor can do the trick too.Having the guts to not care what anyone thinks about the purchase is a must. This is also a good way to avoid being upside down on a house.
I did especially not mean to insinuate that buying the “dogs” is about not being able to afford a turnkey, though it could be. Nothing wrong with getting into a location/neighborhood by buying the worst house there.

[patb]

if INDYMAC is taking 50 percent markdowns on REO’s it will bring out
buyers.

of course it will poison comps in the area, leading to even more REO’s
at that price

[patb]

if INDYMAC is taking 50 percent markdowns on REO’s it will bring out
buyers.

of course it will poison comps in the area, leading to even more REO’s
at that price

[patb]

if INDYMAC is taking 50 percent markdowns on REO’s it will bring out
buyers.

of course it will poison comps in the area, leading to even more REO’s
at that price

[patb]

if INDYMAC is taking 50 percent markdowns on REO’s it will bring out
buyers.

of course it will poison comps in the area, leading to even more REO’s
at that price

[patb]

if INDYMAC is taking 50 percent markdowns on REO’s it will bring out
buyers.

of course it will poison comps in the area, leading to even more REO’s
at that price

[jpinpb]

Rustico – I have no problem buying a fixer, as long as it’s not major. I’ve seen some w/some major foundation cracks that I don’t even think the bank would approve a loan on. But the fixers need to be priced accordingly. Some fixers are priced as much as the ones that aren’t, basically pricing for neighborhood, maybe slightly less. Still the denial mentality and stubborness. The resistance is weakening.

[jpinpb]

Rustico – I have no problem buying a fixer, as long as it’s not major. I’ve seen some w/some major foundation cracks that I don’t even think the bank would approve a loan on. But the fixers need to be priced accordingly. Some fixers are priced as much as the ones that aren’t, basically pricing for neighborhood, maybe slightly less. Still the denial mentality and stubborness. The resistance is weakening.

[jpinpb]

Rustico – I have no problem buying a fixer, as long as it’s not major. I’ve seen some w/some major foundation cracks that I don’t even think the bank would approve a loan on. But the fixers need to be priced accordingly. Some fixers are priced as much as the ones that aren’t, basically pricing for neighborhood, maybe slightly less. Still the denial mentality and stubborness. The resistance is weakening.

[jpinpb]

Rustico – I have no problem buying a fixer, as long as it’s not major. I’ve seen some w/some major foundation cracks that I don’t even think the bank would approve a loan on. But the fixers need to be priced accordingly. Some fixers are priced as much as the ones that aren’t, basically pricing for neighborhood, maybe slightly less. Still the denial mentality and stubborness. The resistance is weakening.

[Author]

Posts