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June 17, 2008 at 8:48 AM in reply to: What do you folks think about this sub-$100k condo in MM? #223814June 17, 2008 at 8:48 AM in reply to: What do you folks think about this sub-$100k condo in MM? #223846
nostradamus
ParticipantYa, when you posted it I decided to go buy it before you could.
Just kidding! I haven’t bought anything yet.
June 17, 2008 at 8:48 AM in reply to: What do you folks think about this sub-$100k condo in MM? #223859ParticipantYa, when you posted it I decided to go buy it before you could.
Just kidding! I haven’t bought anything yet.
ParticipantCool! That’s what I was looking for. Thanks!
ParticipantCool! That’s what I was looking for. Thanks!
ParticipantCool! That’s what I was looking for. Thanks!
ParticipantCool! That’s what I was looking for. Thanks!
ParticipantCool! That’s what I was looking for. Thanks!
ParticipantTo contribute to the “poll” I’m a homeowner and I’m looking to own more homes.
If anything, I’ve been looking less for homes lately than I have in the past year, because every time I look I see that most sellers are still in denial, much REO inventory hasn’t hit the market yet, and I don’t even bother with short sales offers because of the nightmares I’ve been reading about from other posters. I have a home, I can wait to buy another. No hurry whatsoever.
I am, however, very tempted to walk over to my neighbor’s places (distressed properties) and offer them cash for 25% less than what they’re asking.
ParticipantTo contribute to the “poll” I’m a homeowner and I’m looking to own more homes.
If anything, I’ve been looking less for homes lately than I have in the past year, because every time I look I see that most sellers are still in denial, much REO inventory hasn’t hit the market yet, and I don’t even bother with short sales offers because of the nightmares I’ve been reading about from other posters. I have a home, I can wait to buy another. No hurry whatsoever.
I am, however, very tempted to walk over to my neighbor’s places (distressed properties) and offer them cash for 25% less than what they’re asking.
ParticipantTo contribute to the “poll” I’m a homeowner and I’m looking to own more homes.
If anything, I’ve been looking less for homes lately than I have in the past year, because every time I look I see that most sellers are still in denial, much REO inventory hasn’t hit the market yet, and I don’t even bother with short sales offers because of the nightmares I’ve been reading about from other posters. I have a home, I can wait to buy another. No hurry whatsoever.
I am, however, very tempted to walk over to my neighbor’s places (distressed properties) and offer them cash for 25% less than what they’re asking.
ParticipantTo contribute to the “poll” I’m a homeowner and I’m looking to own more homes.
If anything, I’ve been looking less for homes lately than I have in the past year, because every time I look I see that most sellers are still in denial, much REO inventory hasn’t hit the market yet, and I don’t even bother with short sales offers because of the nightmares I’ve been reading about from other posters. I have a home, I can wait to buy another. No hurry whatsoever.
I am, however, very tempted to walk over to my neighbor’s places (distressed properties) and offer them cash for 25% less than what they’re asking.
ParticipantTo contribute to the “poll” I’m a homeowner and I’m looking to own more homes.
If anything, I’ve been looking less for homes lately than I have in the past year, because every time I look I see that most sellers are still in denial, much REO inventory hasn’t hit the market yet, and I don’t even bother with short sales offers because of the nightmares I’ve been reading about from other posters. I have a home, I can wait to buy another. No hurry whatsoever.
I am, however, very tempted to walk over to my neighbor’s places (distressed properties) and offer them cash for 25% less than what they’re asking.
ParticipantI’m one of those annoying people who feeds french fries to birds near where other people are sitting and I also like to feed trolls, even long-winded, mathematically challenged ones. Are you the artist formerly known as Rather Opinionated a.k.a. the OP of this very thread?
Say you find a nice house in CV tomorrow and get loan for 650K @ 6.25% – your monthly payment is $4,679.25 (assuming 1.25 taxes/insurance and no PMI). If you wait until that same house drops a further 100K you may very well be looking at 8.25% which makes your monthly payment $4,704.88.
Are these the “fundamentals” you bring? The suggestion that you should pay $100,000 more now in order to save $25.63 per month in payments later is quite an interesting investment strategy. Do you realize that it will take 3,902 months of $25.63 in savings to make up for the extra $100k you paid? 325 years.
Give me the $100k discount at 8.25% any day. I’ll invest the $100k in stocks (please point me to the aforementioned stock market blogs).
nighty-night!
ParticipantI’m one of those annoying people who feeds french fries to birds near where other people are sitting and I also like to feed trolls, even long-winded, mathematically challenged ones. Are you the artist formerly known as Rather Opinionated a.k.a. the OP of this very thread?
Say you find a nice house in CV tomorrow and get loan for 650K @ 6.25% – your monthly payment is $4,679.25 (assuming 1.25 taxes/insurance and no PMI). If you wait until that same house drops a further 100K you may very well be looking at 8.25% which makes your monthly payment $4,704.88.
Are these the “fundamentals” you bring? The suggestion that you should pay $100,000 more now in order to save $25.63 per month in payments later is quite an interesting investment strategy. Do you realize that it will take 3,902 months of $25.63 in savings to make up for the extra $100k you paid? 325 years.
Give me the $100k discount at 8.25% any day. I’ll invest the $100k in stocks (please point me to the aforementioned stock market blogs).
nighty-night!
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