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ocrenter
Participant[quote=briansd1]
The peak houses in the Fort Myers area seem to have attracted “wholesome” white families with kids who went bust with the economic crash. Kind of like Temecula Valley. But the bust has been more spectacular in South-West Florida because there are no large metropolitan areas to commute to for jobs.[/quote]
That’s what I thought about the place too. did not seem like a sustainable area given lack of jobs. I wonder what type of jobs the Hispanics have? fixing up unfinished homes? I guess when prices are low enough, folks will come?
Participant[quote=briansd1]
It all depends on the area. In some areas, nominal Year 2000 prices have already returned. In other areas, buyers will have to do with inflation adjusted prices.
Take a look at this in Florida house:
http://www.auction.com/Florida/residential-auction-asset/1200658-684-1818-Nw-6th-Ave-CAPE-CORAL-FL-33993.htmlMy brother and I, and a buddy have been buying houses in the Fort Myers area for $40k – $50k and flipping them. The buddy’s wife is a Realtor with connections to banks.
[/quote]that’s not a bad deal. even empty plots of land is going for around $20k, and there’s no way you can build a house for for $40k. even if you turn around and sell at $80k, that’s still a decent profit.
what is your general turn around time from purchase to flip? and who are the folks buying? snowbirds?
Participant[quote=briansd1]
It all depends on the area. In some areas, nominal Year 2000 prices have already returned. In other areas, buyers will have to do with inflation adjusted prices.
Take a look at this in Florida house:
http://www.auction.com/Florida/residential-auction-asset/1200658-684-1818-Nw-6th-Ave-CAPE-CORAL-FL-33993.htmlMy brother and I, and a buddy have been buying houses in the Fort Myers area for $40k – $50k and flipping them. The buddy’s wife is a Realtor with connections to banks.
[/quote]that’s not a bad deal. even empty plots of land is going for around $20k, and there’s no way you can build a house for for $40k. even if you turn around and sell at $80k, that’s still a decent profit.
what is your general turn around time from purchase to flip? and who are the folks buying? snowbirds?
Participant[quote=briansd1]
It all depends on the area. In some areas, nominal Year 2000 prices have already returned. In other areas, buyers will have to do with inflation adjusted prices.
Take a look at this in Florida house:
http://www.auction.com/Florida/residential-auction-asset/1200658-684-1818-Nw-6th-Ave-CAPE-CORAL-FL-33993.htmlMy brother and I, and a buddy have been buying houses in the Fort Myers area for $40k – $50k and flipping them. The buddy’s wife is a Realtor with connections to banks.
[/quote]that’s not a bad deal. even empty plots of land is going for around $20k, and there’s no way you can build a house for for $40k. even if you turn around and sell at $80k, that’s still a decent profit.
what is your general turn around time from purchase to flip? and who are the folks buying? snowbirds?
Participant[quote=briansd1]
It all depends on the area. In some areas, nominal Year 2000 prices have already returned. In other areas, buyers will have to do with inflation adjusted prices.
Take a look at this in Florida house:
http://www.auction.com/Florida/residential-auction-asset/1200658-684-1818-Nw-6th-Ave-CAPE-CORAL-FL-33993.htmlMy brother and I, and a buddy have been buying houses in the Fort Myers area for $40k – $50k and flipping them. The buddy’s wife is a Realtor with connections to banks.
[/quote]that’s not a bad deal. even empty plots of land is going for around $20k, and there’s no way you can build a house for for $40k. even if you turn around and sell at $80k, that’s still a decent profit.
what is your general turn around time from purchase to flip? and who are the folks buying? snowbirds?
Participant[quote=briansd1]
It all depends on the area. In some areas, nominal Year 2000 prices have already returned. In other areas, buyers will have to do with inflation adjusted prices.
Take a look at this in Florida house:
http://www.auction.com/Florida/residential-auction-asset/1200658-684-1818-Nw-6th-Ave-CAPE-CORAL-FL-33993.htmlMy brother and I, and a buddy have been buying houses in the Fort Myers area for $40k – $50k and flipping them. The buddy’s wife is a Realtor with connections to banks.
[/quote]that’s not a bad deal. even empty plots of land is going for around $20k, and there’s no way you can build a house for for $40k. even if you turn around and sell at $80k, that’s still a decent profit.
what is your general turn around time from purchase to flip? and who are the folks buying? snowbirds?
Participant[quote=CBad]I can’t say I know any thin people who eat a lot of bad food AND don’t exercise unless they are kids/teenagers/very young adults. That behavior just doesn’t work when you are an adult unless you have a rare metabolism. [/quote]
one interesting group to look at are former athletes, professional or college/high school or former military.
these folks tend to eat badly but because of the physical demand of their sports/job they stay normal sized… until they get out of the sport/retire from military/raise up to command positions. then they just balloon up like no tomorrow.
[quote=CBad]
Of the overweight people I know who are healthy, they have healthy habits but just have never lost the extra weight that they gained at some point. I think that if they did a strict diet/exercise program to lose the weight and then went back to their normal healthy ways they would maintain.
[/quote]I agree, once the metabolism resets, very difficult to lose the weight gained from prior dietary indiscretions.
One other issue is people always preceive themselves to be normal when they are actually overweight. slightly plum really means obese. and need to drop a few lbs often means the need to drop 100.
body mass index remains the gold standard. the key to remember is 10-15 lbs over normal is not that bad at all. so if you say you are overweight by 10-15 lbs via the body mass index, I completely agree that is perfectly fine and you probably are even healthier than a person at ideal body weight.
THE PROBLEM IS MOST PEOPLE THAT CLAIM “OVERWEIGHT STATUS” IS REALLY MORBIDLY OBESE ON THE BMI SCALE.
Participant[quote=CBad]I can’t say I know any thin people who eat a lot of bad food AND don’t exercise unless they are kids/teenagers/very young adults. That behavior just doesn’t work when you are an adult unless you have a rare metabolism. [/quote]
one interesting group to look at are former athletes, professional or college/high school or former military.
these folks tend to eat badly but because of the physical demand of their sports/job they stay normal sized… until they get out of the sport/retire from military/raise up to command positions. then they just balloon up like no tomorrow.
[quote=CBad]
Of the overweight people I know who are healthy, they have healthy habits but just have never lost the extra weight that they gained at some point. I think that if they did a strict diet/exercise program to lose the weight and then went back to their normal healthy ways they would maintain.
[/quote]I agree, once the metabolism resets, very difficult to lose the weight gained from prior dietary indiscretions.
One other issue is people always preceive themselves to be normal when they are actually overweight. slightly plum really means obese. and need to drop a few lbs often means the need to drop 100.
body mass index remains the gold standard. the key to remember is 10-15 lbs over normal is not that bad at all. so if you say you are overweight by 10-15 lbs via the body mass index, I completely agree that is perfectly fine and you probably are even healthier than a person at ideal body weight.
THE PROBLEM IS MOST PEOPLE THAT CLAIM “OVERWEIGHT STATUS” IS REALLY MORBIDLY OBESE ON THE BMI SCALE.
Participant[quote=CBad]I can’t say I know any thin people who eat a lot of bad food AND don’t exercise unless they are kids/teenagers/very young adults. That behavior just doesn’t work when you are an adult unless you have a rare metabolism. [/quote]
one interesting group to look at are former athletes, professional or college/high school or former military.
these folks tend to eat badly but because of the physical demand of their sports/job they stay normal sized… until they get out of the sport/retire from military/raise up to command positions. then they just balloon up like no tomorrow.
[quote=CBad]
Of the overweight people I know who are healthy, they have healthy habits but just have never lost the extra weight that they gained at some point. I think that if they did a strict diet/exercise program to lose the weight and then went back to their normal healthy ways they would maintain.
[/quote]I agree, once the metabolism resets, very difficult to lose the weight gained from prior dietary indiscretions.
One other issue is people always preceive themselves to be normal when they are actually overweight. slightly plum really means obese. and need to drop a few lbs often means the need to drop 100.
body mass index remains the gold standard. the key to remember is 10-15 lbs over normal is not that bad at all. so if you say you are overweight by 10-15 lbs via the body mass index, I completely agree that is perfectly fine and you probably are even healthier than a person at ideal body weight.
THE PROBLEM IS MOST PEOPLE THAT CLAIM “OVERWEIGHT STATUS” IS REALLY MORBIDLY OBESE ON THE BMI SCALE.
Participant[quote=CBad]I can’t say I know any thin people who eat a lot of bad food AND don’t exercise unless they are kids/teenagers/very young adults. That behavior just doesn’t work when you are an adult unless you have a rare metabolism. [/quote]
one interesting group to look at are former athletes, professional or college/high school or former military.
these folks tend to eat badly but because of the physical demand of their sports/job they stay normal sized… until they get out of the sport/retire from military/raise up to command positions. then they just balloon up like no tomorrow.
[quote=CBad]
Of the overweight people I know who are healthy, they have healthy habits but just have never lost the extra weight that they gained at some point. I think that if they did a strict diet/exercise program to lose the weight and then went back to their normal healthy ways they would maintain.
[/quote]I agree, once the metabolism resets, very difficult to lose the weight gained from prior dietary indiscretions.
One other issue is people always preceive themselves to be normal when they are actually overweight. slightly plum really means obese. and need to drop a few lbs often means the need to drop 100.
body mass index remains the gold standard. the key to remember is 10-15 lbs over normal is not that bad at all. so if you say you are overweight by 10-15 lbs via the body mass index, I completely agree that is perfectly fine and you probably are even healthier than a person at ideal body weight.
THE PROBLEM IS MOST PEOPLE THAT CLAIM “OVERWEIGHT STATUS” IS REALLY MORBIDLY OBESE ON THE BMI SCALE.
Participant[quote=CBad]I can’t say I know any thin people who eat a lot of bad food AND don’t exercise unless they are kids/teenagers/very young adults. That behavior just doesn’t work when you are an adult unless you have a rare metabolism. [/quote]
one interesting group to look at are former athletes, professional or college/high school or former military.
these folks tend to eat badly but because of the physical demand of their sports/job they stay normal sized… until they get out of the sport/retire from military/raise up to command positions. then they just balloon up like no tomorrow.
[quote=CBad]
Of the overweight people I know who are healthy, they have healthy habits but just have never lost the extra weight that they gained at some point. I think that if they did a strict diet/exercise program to lose the weight and then went back to their normal healthy ways they would maintain.
[/quote]I agree, once the metabolism resets, very difficult to lose the weight gained from prior dietary indiscretions.
One other issue is people always preceive themselves to be normal when they are actually overweight. slightly plum really means obese. and need to drop a few lbs often means the need to drop 100.
body mass index remains the gold standard. the key to remember is 10-15 lbs over normal is not that bad at all. so if you say you are overweight by 10-15 lbs via the body mass index, I completely agree that is perfectly fine and you probably are even healthier than a person at ideal body weight.
THE PROBLEM IS MOST PEOPLE THAT CLAIM “OVERWEIGHT STATUS” IS REALLY MORBIDLY OBESE ON THE BMI SCALE.
Participant[quote]Not all sellers will take that step. Jerry Anderson has listed his four-bedroom home in Dana Point, Calif., on and off the market for the last two years. He’s cut the price to $1.25 million, down from $1.75 million, but hasn’t had any offers on the home, which has three fireplaces and ocean views.
Mr. Anderson, who bought the home in 1987, says he’ll take it off the market in December if it doesn’t sell rather than cut the price. [quote]
[img_assist|nid=13653|title=dana point million dollar mansion|desc=|link=node|align=left|width=100|height=67]
This is Mr. Anderson’s 1.75 million dollar mansion that he is discounting at $1.25!
it is 2800 sqft on 10,000 sqft lot and first purchased for $400k back in 1987. backing up to a busy street.
I say just take the home off listing. there’s a similar sqft home with less upgrades going for $1.06 in the same tract.
Participant[quote]Not all sellers will take that step. Jerry Anderson has listed his four-bedroom home in Dana Point, Calif., on and off the market for the last two years. He’s cut the price to $1.25 million, down from $1.75 million, but hasn’t had any offers on the home, which has three fireplaces and ocean views.
Mr. Anderson, who bought the home in 1987, says he’ll take it off the market in December if it doesn’t sell rather than cut the price. [quote]
[img_assist|nid=13653|title=dana point million dollar mansion|desc=|link=node|align=left|width=100|height=67]
This is Mr. Anderson’s 1.75 million dollar mansion that he is discounting at $1.25!
it is 2800 sqft on 10,000 sqft lot and first purchased for $400k back in 1987. backing up to a busy street.
I say just take the home off listing. there’s a similar sqft home with less upgrades going for $1.06 in the same tract.
Participant[quote]Not all sellers will take that step. Jerry Anderson has listed his four-bedroom home in Dana Point, Calif., on and off the market for the last two years. He’s cut the price to $1.25 million, down from $1.75 million, but hasn’t had any offers on the home, which has three fireplaces and ocean views.
Mr. Anderson, who bought the home in 1987, says he’ll take it off the market in December if it doesn’t sell rather than cut the price. [quote]
[img_assist|nid=13653|title=dana point million dollar mansion|desc=|link=node|align=left|width=100|height=67]
This is Mr. Anderson’s 1.75 million dollar mansion that he is discounting at $1.25!
it is 2800 sqft on 10,000 sqft lot and first purchased for $400k back in 1987. backing up to a busy street.
I say just take the home off listing. there’s a similar sqft home with less upgrades going for $1.06 in the same tract.
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