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patientrenter
ParticipantThe original poster made a downpayment of 20% years ago. She won’t be doing that again, I’d guess. Seeing how much better the people who put no money down are doing teaches us all a lesson. Formerly responsible people won’t behave so responsibly from now on. But our political leaders couldn’t give a damn about that consequence of their actions.
ParticipantThe original poster made a downpayment of 20% years ago. She won’t be doing that again, I’d guess. Seeing how much better the people who put no money down are doing teaches us all a lesson. Formerly responsible people won’t behave so responsibly from now on. But our political leaders couldn’t give a damn about that consequence of their actions.
ParticipantThe original poster made a downpayment of 20% years ago. She won’t be doing that again, I’d guess. Seeing how much better the people who put no money down are doing teaches us all a lesson. Formerly responsible people won’t behave so responsibly from now on. But our political leaders couldn’t give a damn about that consequence of their actions.
Participantpatb, you do have real knowledge. Now, if you drew on that LoC and your firm went bankrupt, and the SBA threatened to go after you personally for the unpaid debt, do you honestly think that calls to your local Congressman would go unheeded?
Participantpatb, you do have real knowledge. Now, if you drew on that LoC and your firm went bankrupt, and the SBA threatened to go after you personally for the unpaid debt, do you honestly think that calls to your local Congressman would go unheeded?
Participantpatb, you do have real knowledge. Now, if you drew on that LoC and your firm went bankrupt, and the SBA threatened to go after you personally for the unpaid debt, do you honestly think that calls to your local Congressman would go unheeded?
Participantpatb, you do have real knowledge. Now, if you drew on that LoC and your firm went bankrupt, and the SBA threatened to go after you personally for the unpaid debt, do you honestly think that calls to your local Congressman would go unheeded?
Participantpatb, you do have real knowledge. Now, if you drew on that LoC and your firm went bankrupt, and the SBA threatened to go after you personally for the unpaid debt, do you honestly think that calls to your local Congressman would go unheeded?
ParticipantNo-LA-SD-guy, valuing homes at building cost + 7-10% ignores the value of the land.
In coastal areas, even in severe recessions, the value of land will not be negligible.
You need a way to assign a value to the land. The market is the only way to do that, I think, and that’s why I stick to what can be observed – all actual transactions that took place over several RE cycles. If you have a better way, I am interested, but it is hard to beat just observing the market – the whole market, not just the cherries.
ParticipantNo-LA-SD-guy, valuing homes at building cost + 7-10% ignores the value of the land.
In coastal areas, even in severe recessions, the value of land will not be negligible.
You need a way to assign a value to the land. The market is the only way to do that, I think, and that’s why I stick to what can be observed – all actual transactions that took place over several RE cycles. If you have a better way, I am interested, but it is hard to beat just observing the market – the whole market, not just the cherries.
ParticipantNo-LA-SD-guy, valuing homes at building cost + 7-10% ignores the value of the land.
In coastal areas, even in severe recessions, the value of land will not be negligible.
You need a way to assign a value to the land. The market is the only way to do that, I think, and that’s why I stick to what can be observed – all actual transactions that took place over several RE cycles. If you have a better way, I am interested, but it is hard to beat just observing the market – the whole market, not just the cherries.
ParticipantNo-LA-SD-guy, valuing homes at building cost + 7-10% ignores the value of the land.
In coastal areas, even in severe recessions, the value of land will not be negligible.
You need a way to assign a value to the land. The market is the only way to do that, I think, and that’s why I stick to what can be observed – all actual transactions that took place over several RE cycles. If you have a better way, I am interested, but it is hard to beat just observing the market – the whole market, not just the cherries.
ParticipantNo-LA-SD-guy, valuing homes at building cost + 7-10% ignores the value of the land.
In coastal areas, even in severe recessions, the value of land will not be negligible.
You need a way to assign a value to the land. The market is the only way to do that, I think, and that’s why I stick to what can be observed – all actual transactions that took place over several RE cycles. If you have a better way, I am interested, but it is hard to beat just observing the market – the whole market, not just the cherries.
Participant“let me know how that strategy works”
patb, I am morally offended by this whole business of borrowing without repaying in full, so it’s very difficult for me to do it. But I am in no doubt that it’s easy for a large and growing number of people. I am also pretty sure that letting that happen is not a good idea.
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