[jpinpb]

The greed of the FB was ugly!

[jpinpb]

Well, the FB make me sick. They ran the price of real estate to unrealistic highs and made it impossible for me to purchase a house unless I took out a 5 YIT ARM, which I’m not insane enough to do.

And who was the one laughing? The FB were going on about all the money they were making and how much equity they pulled, driving around in the fancy cars and taking trips and buying this and that, laughing at me, the “poor” apartment renter.

And I would say, the r.e. market is not sustainable. These prices make no sense. And even more people laughed at me and told me if I don’t buy a studio for 500k I’ll never be able to buy b/c everyone wants to live here and prices are going to up to infinity and beyond.

The tables are turned, buddy.

[jpinpb]

Well, the FB make me sick. They ran the price of real estate to unrealistic highs and made it impossible for me to purchase a house unless I took out a 5 YIT ARM, which I’m not insane enough to do.

And who was the one laughing? The FB were going on about all the money they were making and how much equity they pulled, driving around in the fancy cars and taking trips and buying this and that, laughing at me, the “poor” apartment renter.

And I would say, the r.e. market is not sustainable. These prices make no sense. And even more people laughed at me and told me if I don’t buy a studio for 500k I’ll never be able to buy b/c everyone wants to live here and prices are going to up to infinity and beyond.

The tables are turned, buddy.

[jpinpb]

Well, the FB make me sick. They ran the price of real estate to unrealistic highs and made it impossible for me to purchase a house unless I took out a 5 YIT ARM, which I’m not insane enough to do.

And who was the one laughing? The FB were going on about all the money they were making and how much equity they pulled, driving around in the fancy cars and taking trips and buying this and that, laughing at me, the “poor” apartment renter.

And I would say, the r.e. market is not sustainable. These prices make no sense. And even more people laughed at me and told me if I don’t buy a studio for 500k I’ll never be able to buy b/c everyone wants to live here and prices are going to up to infinity and beyond.

The tables are turned, buddy.

[jpinpb]

Well, the FB make me sick. They ran the price of real estate to unrealistic highs and made it impossible for me to purchase a house unless I took out a 5 YIT ARM, which I’m not insane enough to do.

And who was the one laughing? The FB were going on about all the money they were making and how much equity they pulled, driving around in the fancy cars and taking trips and buying this and that, laughing at me, the “poor” apartment renter.

And I would say, the r.e. market is not sustainable. These prices make no sense. And even more people laughed at me and told me if I don’t buy a studio for 500k I’ll never be able to buy b/c everyone wants to live here and prices are going to up to infinity and beyond.

The tables are turned, buddy.

[jpinpb]

Well, the FB make me sick. They ran the price of real estate to unrealistic highs and made it impossible for me to purchase a house unless I took out a 5 YIT ARM, which I’m not insane enough to do.

And who was the one laughing? The FB were going on about all the money they were making and how much equity they pulled, driving around in the fancy cars and taking trips and buying this and that, laughing at me, the “poor” apartment renter.

And I would say, the r.e. market is not sustainable. These prices make no sense. And even more people laughed at me and told me if I don’t buy a studio for 500k I’ll never be able to buy b/c everyone wants to live here and prices are going to up to infinity and beyond.

The tables are turned, buddy.

[jpinpb]

Ok. I admit. Math is not my forte. This must be some new math or I’m just not using correct numbers. Even if I use your numbers and really give the benefit of doubt and he/she put 80k down that wasn’t a HELOC (b/c then they’ll have that additional monthly payment of what? 500?)

630k at a rate of 6% – Can you get a loan w/5%?

anyway 630k @ 6% = 3,777 + prop. tax of 525 + insurance? 100? = $4,402.

Now, I am not sure of how much they can write off on taxes. That’s another weakness of mine. Is he/she writing off 1400+ a month?

Say they are. So now they’re breaking even. What if something breaks in the house? How long before that 80k makes him/her money? How long are they holding on to this “investment” before they can sell it and make money? Is the rental market going to be the next bubble and next year they’re renting it for 5k?

Maybe I should find a realtor cheerleading board so I can understand. Everything I’m reading is saying market will go down in 2008, best optimistic is flat in 2009 and maybe pick up in 2010. The dire ones are saying it will suck until 2011 and then pick up.

Who to believe?

[jpinpb]

Ok. I admit. Math is not my forte. This must be some new math or I’m just not using correct numbers. Even if I use your numbers and really give the benefit of doubt and he/she put 80k down that wasn’t a HELOC (b/c then they’ll have that additional monthly payment of what? 500?)

630k at a rate of 6% – Can you get a loan w/5%?

anyway 630k @ 6% = 3,777 + prop. tax of 525 + insurance? 100? = $4,402.

Now, I am not sure of how much they can write off on taxes. That’s another weakness of mine. Is he/she writing off 1400+ a month?

Say they are. So now they’re breaking even. What if something breaks in the house? How long before that 80k makes him/her money? How long are they holding on to this “investment” before they can sell it and make money? Is the rental market going to be the next bubble and next year they’re renting it for 5k?

Maybe I should find a realtor cheerleading board so I can understand. Everything I’m reading is saying market will go down in 2008, best optimistic is flat in 2009 and maybe pick up in 2010. The dire ones are saying it will suck until 2011 and then pick up.

Who to believe?

[jpinpb]

Ok. I admit. Math is not my forte. This must be some new math or I’m just not using correct numbers. Even if I use your numbers and really give the benefit of doubt and he/she put 80k down that wasn’t a HELOC (b/c then they’ll have that additional monthly payment of what? 500?)

630k at a rate of 6% – Can you get a loan w/5%?

anyway 630k @ 6% = 3,777 + prop. tax of 525 + insurance? 100? = $4,402.

Now, I am not sure of how much they can write off on taxes. That’s another weakness of mine. Is he/she writing off 1400+ a month?

Say they are. So now they’re breaking even. What if something breaks in the house? How long before that 80k makes him/her money? How long are they holding on to this “investment” before they can sell it and make money? Is the rental market going to be the next bubble and next year they’re renting it for 5k?

Maybe I should find a realtor cheerleading board so I can understand. Everything I’m reading is saying market will go down in 2008, best optimistic is flat in 2009 and maybe pick up in 2010. The dire ones are saying it will suck until 2011 and then pick up.

Who to believe?

[jpinpb]

Ok. I admit. Math is not my forte. This must be some new math or I’m just not using correct numbers. Even if I use your numbers and really give the benefit of doubt and he/she put 80k down that wasn’t a HELOC (b/c then they’ll have that additional monthly payment of what? 500?)

630k at a rate of 6% – Can you get a loan w/5%?

anyway 630k @ 6% = 3,777 + prop. tax of 525 + insurance? 100? = $4,402.

Now, I am not sure of how much they can write off on taxes. That’s another weakness of mine. Is he/she writing off 1400+ a month?

Say they are. So now they’re breaking even. What if something breaks in the house? How long before that 80k makes him/her money? How long are they holding on to this “investment” before they can sell it and make money? Is the rental market going to be the next bubble and next year they’re renting it for 5k?

Maybe I should find a realtor cheerleading board so I can understand. Everything I’m reading is saying market will go down in 2008, best optimistic is flat in 2009 and maybe pick up in 2010. The dire ones are saying it will suck until 2011 and then pick up.

Who to believe?

[jpinpb]

Ok. I admit. Math is not my forte. This must be some new math or I’m just not using correct numbers. Even if I use your numbers and really give the benefit of doubt and he/she put 80k down that wasn’t a HELOC (b/c then they’ll have that additional monthly payment of what? 500?)

630k at a rate of 6% – Can you get a loan w/5%?

anyway 630k @ 6% = 3,777 + prop. tax of 525 + insurance? 100? = $4,402.

Now, I am not sure of how much they can write off on taxes. That’s another weakness of mine. Is he/she writing off 1400+ a month?

Say they are. So now they’re breaking even. What if something breaks in the house? How long before that 80k makes him/her money? How long are they holding on to this “investment” before they can sell it and make money? Is the rental market going to be the next bubble and next year they’re renting it for 5k?

Maybe I should find a realtor cheerleading board so I can understand. Everything I’m reading is saying market will go down in 2008, best optimistic is flat in 2009 and maybe pick up in 2010. The dire ones are saying it will suck until 2011 and then pick up.

Who to believe?

[jpinpb]

Good news keeps coming in. Or bad news. Is the glass half full or half empty?

[jpinpb]

Good news keeps coming in. Or bad news. Is the glass half full or half empty?

[jpinpb]

Good news keeps coming in. Or bad news. Is the glass half full or half empty?

[jpinpb]

Good news keeps coming in. Or bad news. Is the glass half full or half empty?

[Author]

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