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robson.
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February 23, 2008 at 2:54 PM #158771February 23, 2008 at 10:12 PM #158707
Multiplepropertyowner
ParticipantPW,
My point was that having neg equity is not that big of a deal if you can manage the position. It is only a temp situation that will in time turn. I just feel that the piece on ABC painted everyone with neg equity in a position of distress. If you have a fixed loan that you can manage the debt service you are not in distress, just waiting for better timing.February 23, 2008 at 10:12 PM #158999ParticipantPW,
My point was that having neg equity is not that big of a deal if you can manage the position. It is only a temp situation that will in time turn. I just feel that the piece on ABC painted everyone with neg equity in a position of distress. If you have a fixed loan that you can manage the debt service you are not in distress, just waiting for better timing.February 23, 2008 at 10:12 PM #159010ParticipantPW,
My point was that having neg equity is not that big of a deal if you can manage the position. It is only a temp situation that will in time turn. I just feel that the piece on ABC painted everyone with neg equity in a position of distress. If you have a fixed loan that you can manage the debt service you are not in distress, just waiting for better timing.February 23, 2008 at 10:12 PM #159018ParticipantPW,
My point was that having neg equity is not that big of a deal if you can manage the position. It is only a temp situation that will in time turn. I just feel that the piece on ABC painted everyone with neg equity in a position of distress. If you have a fixed loan that you can manage the debt service you are not in distress, just waiting for better timing.February 23, 2008 at 10:12 PM #159092ParticipantPW,
My point was that having neg equity is not that big of a deal if you can manage the position. It is only a temp situation that will in time turn. I just feel that the piece on ABC painted everyone with neg equity in a position of distress. If you have a fixed loan that you can manage the debt service you are not in distress, just waiting for better timing.February 23, 2008 at 10:24 PM #158717Deal Hunter
ParticipantI agree the media is feeding off the misery and paranoia of the markets. The big and “smart” money are moving in where everyone else is walking away from. Conventional lenders aren’t lending, so hard money is stepping in and making a killing. Buyers aren’t buying, so foreign investors are scooping up the deals.
I’m barely squaring my debts with rents, but the rents are stronger now that mortgages are harder to get.I’m doing fine with the properties I got in 2001 and 2003, but I too fell for an easy to get mortgage and got a property in 2006 that I’m a couple of hundred dollars negative on each month.
I’ll be able to handle it and am encouraged that my area (Las Vegas) has a strong economy. My only regret is that I’m short on enough cash to get in on some of the unbelievable deals available now. I’m from a long line of real estate investors and we all know one thing for sure – Real estate always comes back.
February 23, 2008 at 10:24 PM #159009ParticipantI agree the media is feeding off the misery and paranoia of the markets. The big and “smart” money are moving in where everyone else is walking away from. Conventional lenders aren’t lending, so hard money is stepping in and making a killing. Buyers aren’t buying, so foreign investors are scooping up the deals.
I’m barely squaring my debts with rents, but the rents are stronger now that mortgages are harder to get.I’m doing fine with the properties I got in 2001 and 2003, but I too fell for an easy to get mortgage and got a property in 2006 that I’m a couple of hundred dollars negative on each month.
I’ll be able to handle it and am encouraged that my area (Las Vegas) has a strong economy. My only regret is that I’m short on enough cash to get in on some of the unbelievable deals available now. I’m from a long line of real estate investors and we all know one thing for sure – Real estate always comes back.
February 23, 2008 at 10:24 PM #159020ParticipantI agree the media is feeding off the misery and paranoia of the markets. The big and “smart” money are moving in where everyone else is walking away from. Conventional lenders aren’t lending, so hard money is stepping in and making a killing. Buyers aren’t buying, so foreign investors are scooping up the deals.
I’m barely squaring my debts with rents, but the rents are stronger now that mortgages are harder to get.I’m doing fine with the properties I got in 2001 and 2003, but I too fell for an easy to get mortgage and got a property in 2006 that I’m a couple of hundred dollars negative on each month.
I’ll be able to handle it and am encouraged that my area (Las Vegas) has a strong economy. My only regret is that I’m short on enough cash to get in on some of the unbelievable deals available now. I’m from a long line of real estate investors and we all know one thing for sure – Real estate always comes back.
February 23, 2008 at 10:24 PM #159029ParticipantI agree the media is feeding off the misery and paranoia of the markets. The big and “smart” money are moving in where everyone else is walking away from. Conventional lenders aren’t lending, so hard money is stepping in and making a killing. Buyers aren’t buying, so foreign investors are scooping up the deals.
I’m barely squaring my debts with rents, but the rents are stronger now that mortgages are harder to get.I’m doing fine with the properties I got in 2001 and 2003, but I too fell for an easy to get mortgage and got a property in 2006 that I’m a couple of hundred dollars negative on each month.
I’ll be able to handle it and am encouraged that my area (Las Vegas) has a strong economy. My only regret is that I’m short on enough cash to get in on some of the unbelievable deals available now. I’m from a long line of real estate investors and we all know one thing for sure – Real estate always comes back.
February 23, 2008 at 10:24 PM #159102ParticipantI agree the media is feeding off the misery and paranoia of the markets. The big and “smart” money are moving in where everyone else is walking away from. Conventional lenders aren’t lending, so hard money is stepping in and making a killing. Buyers aren’t buying, so foreign investors are scooping up the deals.
I’m barely squaring my debts with rents, but the rents are stronger now that mortgages are harder to get.I’m doing fine with the properties I got in 2001 and 2003, but I too fell for an easy to get mortgage and got a property in 2006 that I’m a couple of hundred dollars negative on each month.
I’ll be able to handle it and am encouraged that my area (Las Vegas) has a strong economy. My only regret is that I’m short on enough cash to get in on some of the unbelievable deals available now. I’m from a long line of real estate investors and we all know one thing for sure – Real estate always comes back.
February 23, 2008 at 10:59 PM #158727patientlywaiting
Participant” I’m from a long line of real estate investors and we all know one thing for sure – Real estate always comes back. ”
How long is your line? 2 or more generations? If your long line of investors was successful, you’d have an inheritance and oodles cash to scoop up those amazing deals you’re talking about.
Sure, real estate comes back but, in the mean time, you need enough money to wait it out and still provide for your family.
I don’t see how anyone with negative net-worth is not in distress. I would be.
I do think that press is looking for ratings. But they haven’t begun to explain to the American people the severity of this crisis.
February 23, 2008 at 10:59 PM #159019Participant” I’m from a long line of real estate investors and we all know one thing for sure – Real estate always comes back. ”
How long is your line? 2 or more generations? If your long line of investors was successful, you’d have an inheritance and oodles cash to scoop up those amazing deals you’re talking about.
Sure, real estate comes back but, in the mean time, you need enough money to wait it out and still provide for your family.
I don’t see how anyone with negative net-worth is not in distress. I would be.
I do think that press is looking for ratings. But they haven’t begun to explain to the American people the severity of this crisis.
February 23, 2008 at 10:59 PM #159031Participant” I’m from a long line of real estate investors and we all know one thing for sure – Real estate always comes back. ”
How long is your line? 2 or more generations? If your long line of investors was successful, you’d have an inheritance and oodles cash to scoop up those amazing deals you’re talking about.
Sure, real estate comes back but, in the mean time, you need enough money to wait it out and still provide for your family.
I don’t see how anyone with negative net-worth is not in distress. I would be.
I do think that press is looking for ratings. But they haven’t begun to explain to the American people the severity of this crisis.
February 23, 2008 at 10:59 PM #159038Participant” I’m from a long line of real estate investors and we all know one thing for sure – Real estate always comes back. ”
How long is your line? 2 or more generations? If your long line of investors was successful, you’d have an inheritance and oodles cash to scoop up those amazing deals you’re talking about.
Sure, real estate comes back but, in the mean time, you need enough money to wait it out and still provide for your family.
I don’t see how anyone with negative net-worth is not in distress. I would be.
I do think that press is looking for ratings. But they haven’t begun to explain to the American people the severity of this crisis.
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