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May 20, 2009 at 7:41 AM in reply to: OT: Insurance companies set to destroy software industry? #403391May 20, 2009 at 7:41 AM in reply to: OT: Insurance companies set to destroy software industry? #403542
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ParticipantSounds like a Very Bad Idea. This will simply push development overseas.
ParticipantThe investors I am talking about flip the properties right away. They are not holding it for a rental.
Of course, but who are they flipping them to? My guess is that many of the folks that they’re selling these properties to are “investors” that are going to try and rent them out. If they’re buying at those steep discounts and then getting out from under them right away with a profit, they’re the smart ones. The ones buying the properties from them? Probably not so much…
ParticipantThe investors I am talking about flip the properties right away. They are not holding it for a rental.
Of course, but who are they flipping them to? My guess is that many of the folks that they’re selling these properties to are “investors” that are going to try and rent them out. If they’re buying at those steep discounts and then getting out from under them right away with a profit, they’re the smart ones. The ones buying the properties from them? Probably not so much…
ParticipantThe investors I am talking about flip the properties right away. They are not holding it for a rental.
Of course, but who are they flipping them to? My guess is that many of the folks that they’re selling these properties to are “investors” that are going to try and rent them out. If they’re buying at those steep discounts and then getting out from under them right away with a profit, they’re the smart ones. The ones buying the properties from them? Probably not so much…
ParticipantThe investors I am talking about flip the properties right away. They are not holding it for a rental.
Of course, but who are they flipping them to? My guess is that many of the folks that they’re selling these properties to are “investors” that are going to try and rent them out. If they’re buying at those steep discounts and then getting out from under them right away with a profit, they’re the smart ones. The ones buying the properties from them? Probably not so much…
ParticipantThe investors I am talking about flip the properties right away. They are not holding it for a rental.
Of course, but who are they flipping them to? My guess is that many of the folks that they’re selling these properties to are “investors” that are going to try and rent them out. If they’re buying at those steep discounts and then getting out from under them right away with a profit, they’re the smart ones. The ones buying the properties from them? Probably not so much…
ParticipantWhat I hate is the idea that all these “investors” will run out and snap up the affordable properties before the wannabe homeowners can, then rent them right back to those same people who wanted to buy in the first place. In other words, force people to be renters against their wishes.
Don’t worry about it — once those “investors” snap up all of the “great deals” and turn them into rentals, guess what, the supply of rentals goes up which of course pushes the price of renting down. These wannabe Donald Trumps will be chasing each other to the bottom in an effort to attract renters — this is especially true of all of the foreclosure stock which is currently withheld from the rental market. In places where there is significant oversupply (downtown SD comes to mind), it is going to be a renter’s paradise for some time to come. I say to those genius investors — “we’ve hit bottom! there’s never been a better time to buy rental properties.”
ParticipantWhat I hate is the idea that all these “investors” will run out and snap up the affordable properties before the wannabe homeowners can, then rent them right back to those same people who wanted to buy in the first place. In other words, force people to be renters against their wishes.
Don’t worry about it — once those “investors” snap up all of the “great deals” and turn them into rentals, guess what, the supply of rentals goes up which of course pushes the price of renting down. These wannabe Donald Trumps will be chasing each other to the bottom in an effort to attract renters — this is especially true of all of the foreclosure stock which is currently withheld from the rental market. In places where there is significant oversupply (downtown SD comes to mind), it is going to be a renter’s paradise for some time to come. I say to those genius investors — “we’ve hit bottom! there’s never been a better time to buy rental properties.”
ParticipantWhat I hate is the idea that all these “investors” will run out and snap up the affordable properties before the wannabe homeowners can, then rent them right back to those same people who wanted to buy in the first place. In other words, force people to be renters against their wishes.
Don’t worry about it — once those “investors” snap up all of the “great deals” and turn them into rentals, guess what, the supply of rentals goes up which of course pushes the price of renting down. These wannabe Donald Trumps will be chasing each other to the bottom in an effort to attract renters — this is especially true of all of the foreclosure stock which is currently withheld from the rental market. In places where there is significant oversupply (downtown SD comes to mind), it is going to be a renter’s paradise for some time to come. I say to those genius investors — “we’ve hit bottom! there’s never been a better time to buy rental properties.”
ParticipantWhat I hate is the idea that all these “investors” will run out and snap up the affordable properties before the wannabe homeowners can, then rent them right back to those same people who wanted to buy in the first place. In other words, force people to be renters against their wishes.
Don’t worry about it — once those “investors” snap up all of the “great deals” and turn them into rentals, guess what, the supply of rentals goes up which of course pushes the price of renting down. These wannabe Donald Trumps will be chasing each other to the bottom in an effort to attract renters — this is especially true of all of the foreclosure stock which is currently withheld from the rental market. In places where there is significant oversupply (downtown SD comes to mind), it is going to be a renter’s paradise for some time to come. I say to those genius investors — “we’ve hit bottom! there’s never been a better time to buy rental properties.”
ParticipantWhat I hate is the idea that all these “investors” will run out and snap up the affordable properties before the wannabe homeowners can, then rent them right back to those same people who wanted to buy in the first place. In other words, force people to be renters against their wishes.
Don’t worry about it — once those “investors” snap up all of the “great deals” and turn them into rentals, guess what, the supply of rentals goes up which of course pushes the price of renting down. These wannabe Donald Trumps will be chasing each other to the bottom in an effort to attract renters — this is especially true of all of the foreclosure stock which is currently withheld from the rental market. In places where there is significant oversupply (downtown SD comes to mind), it is going to be a renter’s paradise for some time to come. I say to those genius investors — “we’ve hit bottom! there’s never been a better time to buy rental properties.”
ParticipantI was referring to ‘now the owners get to stay and don’t have to pay a mortgage payment or rent for one or two years.
And just think of the size of the downpayments they’ll have saved up when they finally do get kicked out. We’ll be competing against these people for homes in a couple of years. And you know the banks will loan them money again…
ParticipantI was referring to ‘now the owners get to stay and don’t have to pay a mortgage payment or rent for one or two years.
And just think of the size of the downpayments they’ll have saved up when they finally do get kicked out. We’ll be competing against these people for homes in a couple of years. And you know the banks will loan them money again…
ParticipantI was referring to ‘now the owners get to stay and don’t have to pay a mortgage payment or rent for one or two years.
And just think of the size of the downpayments they’ll have saved up when they finally do get kicked out. We’ll be competing against these people for homes in a couple of years. And you know the banks will loan them money again…
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