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Participant[quote=BigGovernmentIsGood][quote=bearishgurl]This young man (current candidate for the 51st Congress seat running against Bob Filner, career bureaucrat), in spite of everything that’s happened to him, has a TON of energy. His main platform is to limit government and get government out of the way. Sounds good to me.[/quote]
Awesome! Let’s get government out of the way so that British Petroleum can drill off the coast of California! And let’s dismantle all those regulations keeping our air and water clean because those regs are preventing corporations from being as profitable as they could be! And let’s deregulate the banking industry entirely so that banks can lever up 1000:1 and completely destroy the economy once and for all! And lets eliminate all food stamps so that the 1 in 4 American children currently dependent on them starve!
Yeehaw! I can’t wait to live in a society where corporations are free to do as they please and government regulations and the government social safety net have been completely eliminated. What a magnificent utopia it will be![/quote]
Well, if you like big government, there is always north korea. biggest government you can get. They control everything. You should love that!Participant[quote=BigGovernmentIsGood][quote=bearishgurl]This young man (current candidate for the 51st Congress seat running against Bob Filner, career bureaucrat), in spite of everything that’s happened to him, has a TON of energy. His main platform is to limit government and get government out of the way. Sounds good to me.[/quote]
Awesome! Let’s get government out of the way so that British Petroleum can drill off the coast of California! And let’s dismantle all those regulations keeping our air and water clean because those regs are preventing corporations from being as profitable as they could be! And let’s deregulate the banking industry entirely so that banks can lever up 1000:1 and completely destroy the economy once and for all! And lets eliminate all food stamps so that the 1 in 4 American children currently dependent on them starve!
Yeehaw! I can’t wait to live in a society where corporations are free to do as they please and government regulations and the government social safety net have been completely eliminated. What a magnificent utopia it will be![/quote]
Well, if you like big government, there is always north korea. biggest government you can get. They control everything. You should love that!Participant[quote=BigGovernmentIsGood][quote=bearishgurl]This young man (current candidate for the 51st Congress seat running against Bob Filner, career bureaucrat), in spite of everything that’s happened to him, has a TON of energy. His main platform is to limit government and get government out of the way. Sounds good to me.[/quote]
Awesome! Let’s get government out of the way so that British Petroleum can drill off the coast of California! And let’s dismantle all those regulations keeping our air and water clean because those regs are preventing corporations from being as profitable as they could be! And let’s deregulate the banking industry entirely so that banks can lever up 1000:1 and completely destroy the economy once and for all! And lets eliminate all food stamps so that the 1 in 4 American children currently dependent on them starve!
Yeehaw! I can’t wait to live in a society where corporations are free to do as they please and government regulations and the government social safety net have been completely eliminated. What a magnificent utopia it will be![/quote]
Well, if you like big government, there is always north korea. biggest government you can get. They control everything. You should love that!Participant[quote=BigGovernmentIsGood][quote=bearishgurl]This young man (current candidate for the 51st Congress seat running against Bob Filner, career bureaucrat), in spite of everything that’s happened to him, has a TON of energy. His main platform is to limit government and get government out of the way. Sounds good to me.[/quote]
Awesome! Let’s get government out of the way so that British Petroleum can drill off the coast of California! And let’s dismantle all those regulations keeping our air and water clean because those regs are preventing corporations from being as profitable as they could be! And let’s deregulate the banking industry entirely so that banks can lever up 1000:1 and completely destroy the economy once and for all! And lets eliminate all food stamps so that the 1 in 4 American children currently dependent on them starve!
Yeehaw! I can’t wait to live in a society where corporations are free to do as they please and government regulations and the government social safety net have been completely eliminated. What a magnificent utopia it will be![/quote]
Well, if you like big government, there is always north korea. biggest government you can get. They control everything. You should love that!Participant[quote=paramount]The DC area is an anomaly because of all the gov’t/gov’t related jobs, so I wouldn’t be surprised.
I’m considering moving back to the DC area right now, sounds like my timing might be bad from an RE perspective.[/quote]
Welcome back. In my area of great falls, a home sat for months at 1 million. Needed alot of work done (kitchen, all the baths, basement not finished)but great falls is primo area and the neighborhood is very sought after. The sellers lowered to $890 K, got multiple offers and sold for 950K without kickbacks. The new owners have been spending alot over the last 2-3 months fixing it up but will have a 6 bedroom, new roof, finished basement, new kitchen for around 300K more than they paid. If you have the $$$, prices have gone up on well priced homes in great falls the last 6 months, but not too much.Participant[quote=paramount]The DC area is an anomaly because of all the gov’t/gov’t related jobs, so I wouldn’t be surprised.
I’m considering moving back to the DC area right now, sounds like my timing might be bad from an RE perspective.[/quote]
Welcome back. In my area of great falls, a home sat for months at 1 million. Needed alot of work done (kitchen, all the baths, basement not finished)but great falls is primo area and the neighborhood is very sought after. The sellers lowered to $890 K, got multiple offers and sold for 950K without kickbacks. The new owners have been spending alot over the last 2-3 months fixing it up but will have a 6 bedroom, new roof, finished basement, new kitchen for around 300K more than they paid. If you have the $$$, prices have gone up on well priced homes in great falls the last 6 months, but not too much.Participant[quote=paramount]The DC area is an anomaly because of all the gov’t/gov’t related jobs, so I wouldn’t be surprised.
I’m considering moving back to the DC area right now, sounds like my timing might be bad from an RE perspective.[/quote]
Welcome back. In my area of great falls, a home sat for months at 1 million. Needed alot of work done (kitchen, all the baths, basement not finished)but great falls is primo area and the neighborhood is very sought after. The sellers lowered to $890 K, got multiple offers and sold for 950K without kickbacks. The new owners have been spending alot over the last 2-3 months fixing it up but will have a 6 bedroom, new roof, finished basement, new kitchen for around 300K more than they paid. If you have the $$$, prices have gone up on well priced homes in great falls the last 6 months, but not too much.Participant[quote=paramount]The DC area is an anomaly because of all the gov’t/gov’t related jobs, so I wouldn’t be surprised.
I’m considering moving back to the DC area right now, sounds like my timing might be bad from an RE perspective.[/quote]
Welcome back. In my area of great falls, a home sat for months at 1 million. Needed alot of work done (kitchen, all the baths, basement not finished)but great falls is primo area and the neighborhood is very sought after. The sellers lowered to $890 K, got multiple offers and sold for 950K without kickbacks. The new owners have been spending alot over the last 2-3 months fixing it up but will have a 6 bedroom, new roof, finished basement, new kitchen for around 300K more than they paid. If you have the $$$, prices have gone up on well priced homes in great falls the last 6 months, but not too much.Participant[quote=paramount]The DC area is an anomaly because of all the gov’t/gov’t related jobs, so I wouldn’t be surprised.
I’m considering moving back to the DC area right now, sounds like my timing might be bad from an RE perspective.[/quote]
Welcome back. In my area of great falls, a home sat for months at 1 million. Needed alot of work done (kitchen, all the baths, basement not finished)but great falls is primo area and the neighborhood is very sought after. The sellers lowered to $890 K, got multiple offers and sold for 950K without kickbacks. The new owners have been spending alot over the last 2-3 months fixing it up but will have a 6 bedroom, new roof, finished basement, new kitchen for around 300K more than they paid. If you have the $$$, prices have gone up on well priced homes in great falls the last 6 months, but not too much.ParticipantPrairie dog. I agree with the above. renting is not something I personally would entertain again unless it was a 4-8 plex or higher. Supplying the down and then caring the rest of the note? no way to someone who has gone to foreclosure. How about being the bank? Buy the home. Take 15-20% down from the signer; carry the rest of the note for 5-7 % interest-only with pre-payment penalties so you are insured of getting your return. As long as the value of the house does not fall below the down payment, you should have a cushion against foreclosure. The people who sign the loan are responsible for all of the costs since it is their home. You are fairly worry free as long as they don’t destroy their own home. Your return is 5-6%,passive income, backed by the house. Not bad in this market.
ParticipantPrairie dog. I agree with the above. renting is not something I personally would entertain again unless it was a 4-8 plex or higher. Supplying the down and then caring the rest of the note? no way to someone who has gone to foreclosure. How about being the bank? Buy the home. Take 15-20% down from the signer; carry the rest of the note for 5-7 % interest-only with pre-payment penalties so you are insured of getting your return. As long as the value of the house does not fall below the down payment, you should have a cushion against foreclosure. The people who sign the loan are responsible for all of the costs since it is their home. You are fairly worry free as long as they don’t destroy their own home. Your return is 5-6%,passive income, backed by the house. Not bad in this market.
ParticipantPrairie dog. I agree with the above. renting is not something I personally would entertain again unless it was a 4-8 plex or higher. Supplying the down and then caring the rest of the note? no way to someone who has gone to foreclosure. How about being the bank? Buy the home. Take 15-20% down from the signer; carry the rest of the note for 5-7 % interest-only with pre-payment penalties so you are insured of getting your return. As long as the value of the house does not fall below the down payment, you should have a cushion against foreclosure. The people who sign the loan are responsible for all of the costs since it is their home. You are fairly worry free as long as they don’t destroy their own home. Your return is 5-6%,passive income, backed by the house. Not bad in this market.
ParticipantPrairie dog. I agree with the above. renting is not something I personally would entertain again unless it was a 4-8 plex or higher. Supplying the down and then caring the rest of the note? no way to someone who has gone to foreclosure. How about being the bank? Buy the home. Take 15-20% down from the signer; carry the rest of the note for 5-7 % interest-only with pre-payment penalties so you are insured of getting your return. As long as the value of the house does not fall below the down payment, you should have a cushion against foreclosure. The people who sign the loan are responsible for all of the costs since it is their home. You are fairly worry free as long as they don’t destroy their own home. Your return is 5-6%,passive income, backed by the house. Not bad in this market.
ParticipantPrairie dog. I agree with the above. renting is not something I personally would entertain again unless it was a 4-8 plex or higher. Supplying the down and then caring the rest of the note? no way to someone who has gone to foreclosure. How about being the bank? Buy the home. Take 15-20% down from the signer; carry the rest of the note for 5-7 % interest-only with pre-payment penalties so you are insured of getting your return. As long as the value of the house does not fall below the down payment, you should have a cushion against foreclosure. The people who sign the loan are responsible for all of the costs since it is their home. You are fairly worry free as long as they don’t destroy their own home. Your return is 5-6%,passive income, backed by the house. Not bad in this market.
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