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May 16, 2008 at 9:04 AM in reply to: Buying “mortgages gone sour” for pennies on the dollar… #205748May 16, 2008 at 9:04 AM in reply to: Buying “mortgages gone sour” for pennies on the dollar… #205801
EconProf
ParticipantBobS
This guy is performing a worthwhile service by helping the market to correct to its true value. Will hasten the necessary flushing out of the system so that people who should never have become owners will again become renters and will live within their monthly income.May 16, 2008 at 9:04 AM in reply to: Buying “mortgages gone sour” for pennies on the dollar… #205828ParticipantBobS
This guy is performing a worthwhile service by helping the market to correct to its true value. Will hasten the necessary flushing out of the system so that people who should never have become owners will again become renters and will live within their monthly income.May 16, 2008 at 9:04 AM in reply to: Buying “mortgages gone sour” for pennies on the dollar… #205852ParticipantBobS
This guy is performing a worthwhile service by helping the market to correct to its true value. Will hasten the necessary flushing out of the system so that people who should never have become owners will again become renters and will live within their monthly income.May 16, 2008 at 9:04 AM in reply to: Buying “mortgages gone sour” for pennies on the dollar… #205885ParticipantBobS
This guy is performing a worthwhile service by helping the market to correct to its true value. Will hasten the necessary flushing out of the system so that people who should never have become owners will again become renters and will live within their monthly income.ParticipantBobS
In the rapidly appreciating market of a few years ago, many flippers fooled themselves into thinking their improvements were adding to their house value. In actuality, inflation of 1 – 2% month was doing the trick. Some “improvements”, such as pools and weird paint colors, actually subtract from value by narrowing the market of potential buyers.
Best course is to concentrate on the basics: clean up, new paint and carpet with neutral colors, modern light fixtures, and street appearance, esp. front entry. And remove half your furniture and possessions and have all windows professionally cleaned. Square footage and location will then determine value.ParticipantBobS
In the rapidly appreciating market of a few years ago, many flippers fooled themselves into thinking their improvements were adding to their house value. In actuality, inflation of 1 – 2% month was doing the trick. Some “improvements”, such as pools and weird paint colors, actually subtract from value by narrowing the market of potential buyers.
Best course is to concentrate on the basics: clean up, new paint and carpet with neutral colors, modern light fixtures, and street appearance, esp. front entry. And remove half your furniture and possessions and have all windows professionally cleaned. Square footage and location will then determine value.ParticipantBobS
In the rapidly appreciating market of a few years ago, many flippers fooled themselves into thinking their improvements were adding to their house value. In actuality, inflation of 1 – 2% month was doing the trick. Some “improvements”, such as pools and weird paint colors, actually subtract from value by narrowing the market of potential buyers.
Best course is to concentrate on the basics: clean up, new paint and carpet with neutral colors, modern light fixtures, and street appearance, esp. front entry. And remove half your furniture and possessions and have all windows professionally cleaned. Square footage and location will then determine value.ParticipantBobS
In the rapidly appreciating market of a few years ago, many flippers fooled themselves into thinking their improvements were adding to their house value. In actuality, inflation of 1 – 2% month was doing the trick. Some “improvements”, such as pools and weird paint colors, actually subtract from value by narrowing the market of potential buyers.
Best course is to concentrate on the basics: clean up, new paint and carpet with neutral colors, modern light fixtures, and street appearance, esp. front entry. And remove half your furniture and possessions and have all windows professionally cleaned. Square footage and location will then determine value.ParticipantBobS
In the rapidly appreciating market of a few years ago, many flippers fooled themselves into thinking their improvements were adding to their house value. In actuality, inflation of 1 – 2% month was doing the trick. Some “improvements”, such as pools and weird paint colors, actually subtract from value by narrowing the market of potential buyers.
Best course is to concentrate on the basics: clean up, new paint and carpet with neutral colors, modern light fixtures, and street appearance, esp. front entry. And remove half your furniture and possessions and have all windows professionally cleaned. Square footage and location will then determine value.ParticipantBobS
I cannot speak to the add-on possibilities for an existing house…probably pretty tough to do. I only know that the whole process for building a custom house is long, expensive, and frustrating from what I’ve heard.
As to parking restrictions, it is not a problem on the big custom lots of 1+ acre. I’m in a Casita, a bunch of close in, higher density single story houses, where # of vehicles is very limited & no street parking overnight. Plenty of parking for guests in all housing types, if not overnight. Also, no RVs, trailers, work trucks.ParticipantBobS
I cannot speak to the add-on possibilities for an existing house…probably pretty tough to do. I only know that the whole process for building a custom house is long, expensive, and frustrating from what I’ve heard.
As to parking restrictions, it is not a problem on the big custom lots of 1+ acre. I’m in a Casita, a bunch of close in, higher density single story houses, where # of vehicles is very limited & no street parking overnight. Plenty of parking for guests in all housing types, if not overnight. Also, no RVs, trailers, work trucks.ParticipantBobS
I cannot speak to the add-on possibilities for an existing house…probably pretty tough to do. I only know that the whole process for building a custom house is long, expensive, and frustrating from what I’ve heard.
As to parking restrictions, it is not a problem on the big custom lots of 1+ acre. I’m in a Casita, a bunch of close in, higher density single story houses, where # of vehicles is very limited & no street parking overnight. Plenty of parking for guests in all housing types, if not overnight. Also, no RVs, trailers, work trucks.ParticipantBobS
I cannot speak to the add-on possibilities for an existing house…probably pretty tough to do. I only know that the whole process for building a custom house is long, expensive, and frustrating from what I’ve heard.
As to parking restrictions, it is not a problem on the big custom lots of 1+ acre. I’m in a Casita, a bunch of close in, higher density single story houses, where # of vehicles is very limited & no street parking overnight. Plenty of parking for guests in all housing types, if not overnight. Also, no RVs, trailers, work trucks.ParticipantBobS
I cannot speak to the add-on possibilities for an existing house…probably pretty tough to do. I only know that the whole process for building a custom house is long, expensive, and frustrating from what I’ve heard.
As to parking restrictions, it is not a problem on the big custom lots of 1+ acre. I’m in a Casita, a bunch of close in, higher density single story houses, where # of vehicles is very limited & no street parking overnight. Plenty of parking for guests in all housing types, if not overnight. Also, no RVs, trailers, work trucks. -
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