Forum Replies Created
-
AuthorPosts
-
November 17, 2007 at 3:46 PM in reply to: Is there a way for a homeowner to profit from falling prices? #100631November 17, 2007 at 3:46 PM in reply to: Is there a way for a homeowner to profit from falling prices? #100635
nostradamus
ParticipantMarch 1 ’08 is a wee bit early but all the other stuff is a good idea. Wait until at *least* after the November elections in ’08. Our current administration is keeping the banks afloat so the banks aren’t in a hurry to sell their inventory of foreclosed homes. If the fed stops injecting money to keep the banks afloat, the banks will have no choice but to dump their inventory– currently over 13.5 million homes– meaning prices will cliffdive.
If you have cash and good credit you are in a good position to increase your wealth scooping up rentals in the aftermath of the bomb. Once the cost of renting approximates the cost of buying, I’ll *start* looking. Definitely wait until after the elections ‘cuz then you get a better idea of what the next 4 years might hold. Anything before that and you’re flyin’ blind.
nostradamus
ParticipantThere are many condo conversions, some in PB, some downtown, etc. that are sitting mostly vacant. Surely some of the owners or builders are considering renting them out. I don’t know if it will be a “flood” of rentals coming on the market but I wouldn’t be surprised. Just like home sales, a glut of inventory will drive rental prices down.
nostradamus
ParticipantThere are many condo conversions, some in PB, some downtown, etc. that are sitting mostly vacant. Surely some of the owners or builders are considering renting them out. I don’t know if it will be a “flood” of rentals coming on the market but I wouldn’t be surprised. Just like home sales, a glut of inventory will drive rental prices down.
nostradamus
ParticipantThere are many condo conversions, some in PB, some downtown, etc. that are sitting mostly vacant. Surely some of the owners or builders are considering renting them out. I don’t know if it will be a “flood” of rentals coming on the market but I wouldn’t be surprised. Just like home sales, a glut of inventory will drive rental prices down.
nostradamus
ParticipantThere are many condo conversions, some in PB, some downtown, etc. that are sitting mostly vacant. Surely some of the owners or builders are considering renting them out. I don’t know if it will be a “flood” of rentals coming on the market but I wouldn’t be surprised. Just like home sales, a glut of inventory will drive rental prices down.
nostradamus
ParticipantThere are many condo conversions, some in PB, some downtown, etc. that are sitting mostly vacant. Surely some of the owners or builders are considering renting them out. I don’t know if it will be a “flood” of rentals coming on the market but I wouldn’t be surprised. Just like home sales, a glut of inventory will drive rental prices down.
nostradamus
ParticipantHi Simonbart,
I’m glad that’s just a hypothetical question and you’re not really considering it while posting on a public blog with the topic “insider information”. The fact that you would leave such a clear trail means you couldn’t possibly be considering acting on this info!
That being said, the effect on a stock (I’m assuming it’s a publicly traded company) depends on the terms of the buyout, who’s buying it, and much more.
Oh and morals are great, yay morals.
nostradamus
ParticipantHi Simonbart,
I’m glad that’s just a hypothetical question and you’re not really considering it while posting on a public blog with the topic “insider information”. The fact that you would leave such a clear trail means you couldn’t possibly be considering acting on this info!
That being said, the effect on a stock (I’m assuming it’s a publicly traded company) depends on the terms of the buyout, who’s buying it, and much more.
Oh and morals are great, yay morals.
nostradamus
ParticipantHi Simonbart,
I’m glad that’s just a hypothetical question and you’re not really considering it while posting on a public blog with the topic “insider information”. The fact that you would leave such a clear trail means you couldn’t possibly be considering acting on this info!
That being said, the effect on a stock (I’m assuming it’s a publicly traded company) depends on the terms of the buyout, who’s buying it, and much more.
Oh and morals are great, yay morals.
nostradamus
ParticipantHi Simonbart,
I’m glad that’s just a hypothetical question and you’re not really considering it while posting on a public blog with the topic “insider information”. The fact that you would leave such a clear trail means you couldn’t possibly be considering acting on this info!
That being said, the effect on a stock (I’m assuming it’s a publicly traded company) depends on the terms of the buyout, who’s buying it, and much more.
Oh and morals are great, yay morals.
nostradamus
ParticipantWhy don’t you get with Rich and John? That’s what they do. Click on any of the links on the top right of this page in the box “~Finance and Investing~” and you’ll be able to contact them.
nostradamus
ParticipantWhy don’t you get with Rich and John? That’s what they do. Click on any of the links on the top right of this page in the box “~Finance and Investing~” and you’ll be able to contact them.
nostradamus
ParticipantWhy don’t you get with Rich and John? That’s what they do. Click on any of the links on the top right of this page in the box “~Finance and Investing~” and you’ll be able to contact them.
nostradamus
ParticipantWhy don’t you get with Rich and John? That’s what they do. Click on any of the links on the top right of this page in the box “~Finance and Investing~” and you’ll be able to contact them.
-
AuthorPosts
