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peterb
ParticipantIf your numbers are right, go for it. But I’d do a test run on renting it out first. Perhaps ads in Craigslist for the amount and area…see how much interest it generates. And also take an honest look around at the local employment sensativity to more lay-offs.
I follow several very popular RE investor groups. All of them are doing exactly what you’re contemplating here. All over the country. NorCal, SoCal, Phoenix, Florida….
The only caveat is being a landlord and keeping a house rented out. A few empty months or FB tenants can ruin your ROI calculations as well as make your life not fun.
ParticipantIf your numbers are right, go for it. But I’d do a test run on renting it out first. Perhaps ads in Craigslist for the amount and area…see how much interest it generates. And also take an honest look around at the local employment sensativity to more lay-offs.
I follow several very popular RE investor groups. All of them are doing exactly what you’re contemplating here. All over the country. NorCal, SoCal, Phoenix, Florida….
The only caveat is being a landlord and keeping a house rented out. A few empty months or FB tenants can ruin your ROI calculations as well as make your life not fun.
ParticipantIf your numbers are right, go for it. But I’d do a test run on renting it out first. Perhaps ads in Craigslist for the amount and area…see how much interest it generates. And also take an honest look around at the local employment sensativity to more lay-offs.
I follow several very popular RE investor groups. All of them are doing exactly what you’re contemplating here. All over the country. NorCal, SoCal, Phoenix, Florida….
The only caveat is being a landlord and keeping a house rented out. A few empty months or FB tenants can ruin your ROI calculations as well as make your life not fun.
ParticipantI agree that govt intervention will probably help ease the downward spiral and probably extend it as well. But they cant really prevent it or stop it’s flow towards the point of equillibrium.
I dont think it’s going to be nearly what people think nor will it arrive in a timely manner. This is going to get very ugly. I dont see a good way out. The FIRE is being put out. I think this will lead to a serious recalibration of living standards and expectations for quite some time.
As I I’ve stated in the past here…the prices will come down as many on this board have been longing for, but when they get there…you may not be sure you still want to buy.
ParticipantI agree that govt intervention will probably help ease the downward spiral and probably extend it as well. But they cant really prevent it or stop it’s flow towards the point of equillibrium.
I dont think it’s going to be nearly what people think nor will it arrive in a timely manner. This is going to get very ugly. I dont see a good way out. The FIRE is being put out. I think this will lead to a serious recalibration of living standards and expectations for quite some time.
As I I’ve stated in the past here…the prices will come down as many on this board have been longing for, but when they get there…you may not be sure you still want to buy.
ParticipantI agree that govt intervention will probably help ease the downward spiral and probably extend it as well. But they cant really prevent it or stop it’s flow towards the point of equillibrium.
I dont think it’s going to be nearly what people think nor will it arrive in a timely manner. This is going to get very ugly. I dont see a good way out. The FIRE is being put out. I think this will lead to a serious recalibration of living standards and expectations for quite some time.
As I I’ve stated in the past here…the prices will come down as many on this board have been longing for, but when they get there…you may not be sure you still want to buy.
ParticipantI agree that govt intervention will probably help ease the downward spiral and probably extend it as well. But they cant really prevent it or stop it’s flow towards the point of equillibrium.
I dont think it’s going to be nearly what people think nor will it arrive in a timely manner. This is going to get very ugly. I dont see a good way out. The FIRE is being put out. I think this will lead to a serious recalibration of living standards and expectations for quite some time.
As I I’ve stated in the past here…the prices will come down as many on this board have been longing for, but when they get there…you may not be sure you still want to buy.
ParticipantI agree that govt intervention will probably help ease the downward spiral and probably extend it as well. But they cant really prevent it or stop it’s flow towards the point of equillibrium.
I dont think it’s going to be nearly what people think nor will it arrive in a timely manner. This is going to get very ugly. I dont see a good way out. The FIRE is being put out. I think this will lead to a serious recalibration of living standards and expectations for quite some time.
As I I’ve stated in the past here…the prices will come down as many on this board have been longing for, but when they get there…you may not be sure you still want to buy.
February 26, 2009 at 6:57 PM in reply to: Jobless claims continue – unemployment, housing woes increase #355853ParticipantCheck out the U-6 number from the BLS. I think it’s more accurate than Shadow stats. The shadowstats guy wont say how he arrives at his numbers.
February 26, 2009 at 6:57 PM in reply to: Jobless claims continue – unemployment, housing woes increase #356164ParticipantCheck out the U-6 number from the BLS. I think it’s more accurate than Shadow stats. The shadowstats guy wont say how he arrives at his numbers.
February 26, 2009 at 6:57 PM in reply to: Jobless claims continue – unemployment, housing woes increase #356303ParticipantCheck out the U-6 number from the BLS. I think it’s more accurate than Shadow stats. The shadowstats guy wont say how he arrives at his numbers.
February 26, 2009 at 6:57 PM in reply to: Jobless claims continue – unemployment, housing woes increase #356331ParticipantCheck out the U-6 number from the BLS. I think it’s more accurate than Shadow stats. The shadowstats guy wont say how he arrives at his numbers.
February 26, 2009 at 6:57 PM in reply to: Jobless claims continue – unemployment, housing woes increase #356442ParticipantCheck out the U-6 number from the BLS. I think it’s more accurate than Shadow stats. The shadowstats guy wont say how he arrives at his numbers.
ParticipantBooze.
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