We are richer when house prices go down

[felix]

kewp, you are in luck. There exists an ETF to short if you would like to:

ITB @ $18.99 iShares Dow Jones US Home Construction Index Fund

Feel free to short it.

[kewp]

There exists an ETF to short if you would like to:

Feh. I’ve been in the ProShares double-inverse real estate and financial sector funds since they were incepted.

Since we are getting into ‘bailout’ territory I’ll probably take my money off the table now.

Thanks for the advice, tho.

[kewp]

There exists an ETF to short if you would like to:

Feh. I’ve been in the ProShares double-inverse real estate and financial sector funds since they were incepted.

Since we are getting into ‘bailout’ territory I’ll probably take my money off the table now.

Thanks for the advice, tho.

[kewp]

There exists an ETF to short if you would like to:

Feh. I’ve been in the ProShares double-inverse real estate and financial sector funds since they were incepted.

Since we are getting into ‘bailout’ territory I’ll probably take my money off the table now.

Thanks for the advice, tho.

[kewp]

There exists an ETF to short if you would like to:

Feh. I’ve been in the ProShares double-inverse real estate and financial sector funds since they were incepted.

Since we are getting into ‘bailout’ territory I’ll probably take my money off the table now.

Thanks for the advice, tho.

[kewp]

There exists an ETF to short if you would like to:

Feh. I’ve been in the ProShares double-inverse real estate and financial sector funds since they were incepted.

Since we are getting into ‘bailout’ territory I’ll probably take my money off the table now.

Thanks for the advice, tho.

[felix]

kewp,I appreciate the thanks but I didn’t really advice you to do anything. I suggested earlier it may make sense to maybe stop waiting for a drastic sell off if you are satisfied with getting a reasonable deal on a home and not wait for a steal that may not come.

It was you that requested something to short. I was just trying to help you out.

Now your implying that you don’t think shorting is wise since “we are getting into ‘bailout territory’. For what it is worth I agree with you on that as ridiculous as that point of view may be.

[felix]

kewp,I appreciate the thanks but I didn’t really advice you to do anything. I suggested earlier it may make sense to maybe stop waiting for a drastic sell off if you are satisfied with getting a reasonable deal on a home and not wait for a steal that may not come.

It was you that requested something to short. I was just trying to help you out.

Now your implying that you don’t think shorting is wise since “we are getting into ‘bailout territory’. For what it is worth I agree with you on that as ridiculous as that point of view may be.

[felix]

kewp,I appreciate the thanks but I didn’t really advice you to do anything. I suggested earlier it may make sense to maybe stop waiting for a drastic sell off if you are satisfied with getting a reasonable deal on a home and not wait for a steal that may not come.

It was you that requested something to short. I was just trying to help you out.

Now your implying that you don’t think shorting is wise since “we are getting into ‘bailout territory’. For what it is worth I agree with you on that as ridiculous as that point of view may be.

[felix]

kewp,I appreciate the thanks but I didn’t really advice you to do anything. I suggested earlier it may make sense to maybe stop waiting for a drastic sell off if you are satisfied with getting a reasonable deal on a home and not wait for a steal that may not come.

It was you that requested something to short. I was just trying to help you out.

Now your implying that you don’t think shorting is wise since “we are getting into ‘bailout territory’. For what it is worth I agree with you on that as ridiculous as that point of view may be.

[felix]

kewp,I appreciate the thanks but I didn’t really advice you to do anything. I suggested earlier it may make sense to maybe stop waiting for a drastic sell off if you are satisfied with getting a reasonable deal on a home and not wait for a steal that may not come.

It was you that requested something to short. I was just trying to help you out.

Now your implying that you don’t think shorting is wise since “we are getting into ‘bailout territory’. For what it is worth I agree with you on that as ridiculous as that point of view may be.

[ltokuda]

“I feel I have been able to get a great price on a 2nd home recently. It was the one I wanted in the neighborhood I wanted.”

“I was surprised to able to rent it for more than I could get by putting my money in other fixed income instruments. I was expecting only $3400/mo but got $3800/mo.. I’m sure others will be able to do the same as more and more people are being forced into the rental market.”

Hi Felix, if you were able to buy a house, rent it out, and get a better return than you would on a fixed income instrument, then you did very well. If you don’t mind sharing, I think a lot of people would be interested in learning more details about your purchase.

The basic questions are: How much did the house cost? How much is insurance? Mello-roos? If you took out a loan, was it a HELOC (where you could deduct the interest payments)? Is this house in California?

With this information, people here can work out the numbers for themselves. If it does work out favorably, I’m sure it will generate a lot of interest. Thanks!

[ltokuda]

“I feel I have been able to get a great price on a 2nd home recently. It was the one I wanted in the neighborhood I wanted.”

“I was surprised to able to rent it for more than I could get by putting my money in other fixed income instruments. I was expecting only $3400/mo but got $3800/mo.. I’m sure others will be able to do the same as more and more people are being forced into the rental market.”

Hi Felix, if you were able to buy a house, rent it out, and get a better return than you would on a fixed income instrument, then you did very well. If you don’t mind sharing, I think a lot of people would be interested in learning more details about your purchase.

The basic questions are: How much did the house cost? How much is insurance? Mello-roos? If you took out a loan, was it a HELOC (where you could deduct the interest payments)? Is this house in California?

With this information, people here can work out the numbers for themselves. If it does work out favorably, I’m sure it will generate a lot of interest. Thanks!

[ltokuda]

“I feel I have been able to get a great price on a 2nd home recently. It was the one I wanted in the neighborhood I wanted.”

“I was surprised to able to rent it for more than I could get by putting my money in other fixed income instruments. I was expecting only $3400/mo but got $3800/mo.. I’m sure others will be able to do the same as more and more people are being forced into the rental market.”

Hi Felix, if you were able to buy a house, rent it out, and get a better return than you would on a fixed income instrument, then you did very well. If you don’t mind sharing, I think a lot of people would be interested in learning more details about your purchase.

The basic questions are: How much did the house cost? How much is insurance? Mello-roos? If you took out a loan, was it a HELOC (where you could deduct the interest payments)? Is this house in California?

With this information, people here can work out the numbers for themselves. If it does work out favorably, I’m sure it will generate a lot of interest. Thanks!

[ltokuda]

“I feel I have been able to get a great price on a 2nd home recently. It was the one I wanted in the neighborhood I wanted.”

“I was surprised to able to rent it for more than I could get by putting my money in other fixed income instruments. I was expecting only $3400/mo but got $3800/mo.. I’m sure others will be able to do the same as more and more people are being forced into the rental market.”

Hi Felix, if you were able to buy a house, rent it out, and get a better return than you would on a fixed income instrument, then you did very well. If you don’t mind sharing, I think a lot of people would be interested in learning more details about your purchase.

The basic questions are: How much did the house cost? How much is insurance? Mello-roos? If you took out a loan, was it a HELOC (where you could deduct the interest payments)? Is this house in California?

With this information, people here can work out the numbers for themselves. If it does work out favorably, I’m sure it will generate a lot of interest. Thanks!

[Author]

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