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January 30, 2008 at 5:20 PM #145508January 30, 2008 at 5:20 PM #145850drunkleParticipant
marion/raptor:
check the date of the op. the troll pulled up a year old post for his desperate plea.
January 30, 2008 at 8:31 PM #145893robyns_songParticipantRottedOak, you are aware that the builders jack up the prices of the upgrades, right? Why would you prefer to pay someone 4 times the cost to paint a room than what it would cost to hire someone out/do it yourself? I think by far the better investment would be to have the mello roos paid off and put that money towards doing the upgrades yourself (or contracting them out). $5K a year over 30 years is a much better value than having your rooms painted and new floors.
January 30, 2008 at 8:31 PM #145993robyns_songParticipantRottedOak, you are aware that the builders jack up the prices of the upgrades, right? Why would you prefer to pay someone 4 times the cost to paint a room than what it would cost to hire someone out/do it yourself? I think by far the better investment would be to have the mello roos paid off and put that money towards doing the upgrades yourself (or contracting them out). $5K a year over 30 years is a much better value than having your rooms painted and new floors.
January 30, 2008 at 8:31 PM #145934robyns_songParticipantRottedOak, you are aware that the builders jack up the prices of the upgrades, right? Why would you prefer to pay someone 4 times the cost to paint a room than what it would cost to hire someone out/do it yourself? I think by far the better investment would be to have the mello roos paid off and put that money towards doing the upgrades yourself (or contracting them out). $5K a year over 30 years is a much better value than having your rooms painted and new floors.
January 30, 2008 at 8:31 PM #145923robyns_songParticipantRottedOak, you are aware that the builders jack up the prices of the upgrades, right? Why would you prefer to pay someone 4 times the cost to paint a room than what it would cost to hire someone out/do it yourself? I think by far the better investment would be to have the mello roos paid off and put that money towards doing the upgrades yourself (or contracting them out). $5K a year over 30 years is a much better value than having your rooms painted and new floors.
January 30, 2008 at 8:31 PM #145652robyns_songParticipantRottedOak, you are aware that the builders jack up the prices of the upgrades, right? Why would you prefer to pay someone 4 times the cost to paint a room than what it would cost to hire someone out/do it yourself? I think by far the better investment would be to have the mello roos paid off and put that money towards doing the upgrades yourself (or contracting them out). $5K a year over 30 years is a much better value than having your rooms painted and new floors.
January 31, 2008 at 10:43 PM #146422dgilmsandiParticipantDrunkle: Flipping a house in a year is not a long-term investment, but for the majority of buyers out there they are looking for a home to live in not flip. For those buyers, they need to realize that real estate IS a long-term investment. It is true that you make your money when you buy and get paid when you sell, but if you plan on holding for several years the market will rebound as it did after the housing slump in the early 1990’s and prices will surpass the original purchase price. Case in point, my parents bought a new home in SD in 1986 for $131k and it peaked at around $250k in 1990 or so. They ended up selling in 1992 when the market was softening for $217k and bought a new from builder for $235k which was sold in 2001 for $422k well before prices starting shooting through the roof.
I can send you the MLS listings for the two homes I sold in 2007 if you’d like. Drunkle, I take it you did not make any money from real estate in 2007 and won’t be in 2008, either.
January 31, 2008 at 10:43 PM #146666dgilmsandiParticipantDrunkle: Flipping a house in a year is not a long-term investment, but for the majority of buyers out there they are looking for a home to live in not flip. For those buyers, they need to realize that real estate IS a long-term investment. It is true that you make your money when you buy and get paid when you sell, but if you plan on holding for several years the market will rebound as it did after the housing slump in the early 1990’s and prices will surpass the original purchase price. Case in point, my parents bought a new home in SD in 1986 for $131k and it peaked at around $250k in 1990 or so. They ended up selling in 1992 when the market was softening for $217k and bought a new from builder for $235k which was sold in 2001 for $422k well before prices starting shooting through the roof.
I can send you the MLS listings for the two homes I sold in 2007 if you’d like. Drunkle, I take it you did not make any money from real estate in 2007 and won’t be in 2008, either.
January 31, 2008 at 10:43 PM #146693dgilmsandiParticipantDrunkle: Flipping a house in a year is not a long-term investment, but for the majority of buyers out there they are looking for a home to live in not flip. For those buyers, they need to realize that real estate IS a long-term investment. It is true that you make your money when you buy and get paid when you sell, but if you plan on holding for several years the market will rebound as it did after the housing slump in the early 1990’s and prices will surpass the original purchase price. Case in point, my parents bought a new home in SD in 1986 for $131k and it peaked at around $250k in 1990 or so. They ended up selling in 1992 when the market was softening for $217k and bought a new from builder for $235k which was sold in 2001 for $422k well before prices starting shooting through the roof.
I can send you the MLS listings for the two homes I sold in 2007 if you’d like. Drunkle, I take it you did not make any money from real estate in 2007 and won’t be in 2008, either.
January 31, 2008 at 10:43 PM #146705dgilmsandiParticipantDrunkle: Flipping a house in a year is not a long-term investment, but for the majority of buyers out there they are looking for a home to live in not flip. For those buyers, they need to realize that real estate IS a long-term investment. It is true that you make your money when you buy and get paid when you sell, but if you plan on holding for several years the market will rebound as it did after the housing slump in the early 1990’s and prices will surpass the original purchase price. Case in point, my parents bought a new home in SD in 1986 for $131k and it peaked at around $250k in 1990 or so. They ended up selling in 1992 when the market was softening for $217k and bought a new from builder for $235k which was sold in 2001 for $422k well before prices starting shooting through the roof.
I can send you the MLS listings for the two homes I sold in 2007 if you’d like. Drunkle, I take it you did not make any money from real estate in 2007 and won’t be in 2008, either.
January 31, 2008 at 10:43 PM #146765dgilmsandiParticipantDrunkle: Flipping a house in a year is not a long-term investment, but for the majority of buyers out there they are looking for a home to live in not flip. For those buyers, they need to realize that real estate IS a long-term investment. It is true that you make your money when you buy and get paid when you sell, but if you plan on holding for several years the market will rebound as it did after the housing slump in the early 1990’s and prices will surpass the original purchase price. Case in point, my parents bought a new home in SD in 1986 for $131k and it peaked at around $250k in 1990 or so. They ended up selling in 1992 when the market was softening for $217k and bought a new from builder for $235k which was sold in 2001 for $422k well before prices starting shooting through the roof.
I can send you the MLS listings for the two homes I sold in 2007 if you’d like. Drunkle, I take it you did not make any money from real estate in 2007 and won’t be in 2008, either.
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