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no_such_reality
ParticipantAccording to Duke University research, over the long term, the S&P 500 has a total return of 1%/month. With a CAGR of 12.7%.
Basically what is different now, from a historical perspective, is the incredibly low dividend rate. Before the 1990s, the Dow had a dividend rate that ranged from 3-18% a year.
no_such_reality
ParticipantThat’s three million dollars short.
And Couple C, being renting regulars, decides to ride it out. They bank the $18,000 a year to start knowing rent goes up 5% a year or less over the long term.
In year ten, they buy the same house, still for $650,000 because inflation and incomes are starting to get back in line.
They take a 30 year loan at 6.5%, put down $150,000 from their savings, still having over $400,000 left. Kick back with their $3160 monthly payment knowing they’ve got it in the bank. Bank the extra $600 a month like Couple B.
Twenty years later, they get tired of hearing their friends couple A and couple B brag about almost being paid off, so they take $362,000 out of their investments now at $3,364,000 and pay off their house and realize they have three million left to retire and play with.
November 12, 2006 at 11:12 AM in reply to: Company Offering Pre Negotiated Short Sales (WholeSale) #39809no_such_reality
ParticipantPowayseller, I suggest you due a minimum of due diligence and type 877youkeep in google and see he is all over.
November 10, 2006 at 3:29 PM in reply to: Company Offering Pre Negotiated Short Sales (WholeSale) #39736no_such_reality
ParticipantPS, it’s a foreclosure rescue SPAMMER and potentially scammer.
no_such_reality
ParticipantActually, I chalk it up to the desperation of the sellers and the RE industry. They’ve gone from look at the appreciation you’re missing to the threat of how bad your rent is going to be as the motivator for buying.
November 9, 2006 at 4:53 PM in reply to: What Will Be Impact of Democrat House and Senate on Economy and Housing? #39632no_such_reality
ParticipantWow, everybody skipped over:
Donald Rumsfield, sacrificial offering.
My question is… why didn’t he do it before. He probably wouldn’t have lost the senate. But, maybe it’s part of the master plan for victory in 2008 after they let the economy go bunk.
no_such_reality
ParticipantRents aren’t skyrocketing. They’re barely outpacing inflation.
no_such_reality
ParticipantActually, they should roll back the child tax credit.
Children put a huge tax burden on the Government and here were are giving a credit per kid.
no_such_reality
ParticipantHmmm $500,000 for 5 years of a foreclosure on your record.
Sounds like a deal to me.
no_such_reality
ParticipantMe too, unfortunately, our government seems to work best when it is divided against itself.
no_such_reality
ParticipantMultiple club houses.
Multiple pools.
Multiple jacuzzis.
Multiple tennis courts.
In community trails.
In community landscaping.
In community facilites.
Community intranet access.
potentially your high speed cable.
security people.
etc.The new communities aren’t really SFRs, they a SFR in the equivalent of a resort complex. You pay the HOA for all the features. In my friends place, that happens to include the salary of the person that stands out in the gatehouses 24×7 to verify whom is driving into the complex and make sure your on the list for entry.
no_such_reality
ParticipantWell Jay, Mamani is right about the supply. The supply curve is dictated by the marginal cost of production.
Prop 87 is bad.
Props 1B, 1C, 1D & 1E are also bad. They are bonds. What are bonds? Taxes for the stupid. For every dollar you spend in a State bond, you will get to pay two dollars worth of taxes over the next ten years.
If these props are good, then let’s be a state and raise the taxes to pay for the stuff.
no_such_reality
ParticipantNot sure where you got $100,000?
I was being capriciously generous with the salary to show how much money was unaccounted for in spending when parents stop to figure out the math for how many students are in their kids class.
no_such_reality
ParticipantNo on 87.
It won’t help the State Budget at all. None of the funding goes to the State budget, it all goes to a special board to fund “research”.
I would vote for 87 if the money did go to the general fund. It doesn’t. It goes to unnamed future research groups.
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