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peterb
ParticipantIt’s kind of funny, but I was talking to a couple of friends who’ve never had much money and always wanted a house. Now that there’s 3% down and a much higher limit, they both are going to buy a house. When I told them of the horrible fundementals, they both said, “At 3% down, if the crap hits the fan, we just stay in it until they evict us.”
So here’s the future speaking. I give them 18 months, tops.
ParticipantIt’s kind of funny, but I was talking to a couple of friends who’ve never had much money and always wanted a house. Now that there’s 3% down and a much higher limit, they both are going to buy a house. When I told them of the horrible fundementals, they both said, “At 3% down, if the crap hits the fan, we just stay in it until they evict us.”
So here’s the future speaking. I give them 18 months, tops.
ParticipantIt’s kind of funny, but I was talking to a couple of friends who’ve never had much money and always wanted a house. Now that there’s 3% down and a much higher limit, they both are going to buy a house. When I told them of the horrible fundementals, they both said, “At 3% down, if the crap hits the fan, we just stay in it until they evict us.”
So here’s the future speaking. I give them 18 months, tops.
ParticipantI think the govt’s intervention is causing a bit of a sucker rally in RE. You cant make this stuff up. Interesting to see how much momentum it gets through out the “buying season” of the RE market we’re headed into.
ParticipantI think the govt’s intervention is causing a bit of a sucker rally in RE. You cant make this stuff up. Interesting to see how much momentum it gets through out the “buying season” of the RE market we’re headed into.
ParticipantI think the govt’s intervention is causing a bit of a sucker rally in RE. You cant make this stuff up. Interesting to see how much momentum it gets through out the “buying season” of the RE market we’re headed into.
ParticipantI think the govt’s intervention is causing a bit of a sucker rally in RE. You cant make this stuff up. Interesting to see how much momentum it gets through out the “buying season” of the RE market we’re headed into.
ParticipantI think the govt’s intervention is causing a bit of a sucker rally in RE. You cant make this stuff up. Interesting to see how much momentum it gets through out the “buying season” of the RE market we’re headed into.
ParticipantSounds pretty good. That’s a huge drop in price. Can you find out how many units are actually owner occupied? This effects your financing options.How many are empty? Your time frame sounds a little on the short side as far as having to sell it later on. But if rents stay where they are, you could just rent it to someone. Does the HOA allow this?
One of the major issues with condo’s is the other owners, since you share common ownership with so much of the property. So making sure there are enough other owners to pay HOA’s and keep maintenance up, etc…ParticipantSounds pretty good. That’s a huge drop in price. Can you find out how many units are actually owner occupied? This effects your financing options.How many are empty? Your time frame sounds a little on the short side as far as having to sell it later on. But if rents stay where they are, you could just rent it to someone. Does the HOA allow this?
One of the major issues with condo’s is the other owners, since you share common ownership with so much of the property. So making sure there are enough other owners to pay HOA’s and keep maintenance up, etc…ParticipantSounds pretty good. That’s a huge drop in price. Can you find out how many units are actually owner occupied? This effects your financing options.How many are empty? Your time frame sounds a little on the short side as far as having to sell it later on. But if rents stay where they are, you could just rent it to someone. Does the HOA allow this?
One of the major issues with condo’s is the other owners, since you share common ownership with so much of the property. So making sure there are enough other owners to pay HOA’s and keep maintenance up, etc…ParticipantSounds pretty good. That’s a huge drop in price. Can you find out how many units are actually owner occupied? This effects your financing options.How many are empty? Your time frame sounds a little on the short side as far as having to sell it later on. But if rents stay where they are, you could just rent it to someone. Does the HOA allow this?
One of the major issues with condo’s is the other owners, since you share common ownership with so much of the property. So making sure there are enough other owners to pay HOA’s and keep maintenance up, etc…ParticipantSounds pretty good. That’s a huge drop in price. Can you find out how many units are actually owner occupied? This effects your financing options.How many are empty? Your time frame sounds a little on the short side as far as having to sell it later on. But if rents stay where they are, you could just rent it to someone. Does the HOA allow this?
One of the major issues with condo’s is the other owners, since you share common ownership with so much of the property. So making sure there are enough other owners to pay HOA’s and keep maintenance up, etc…ParticipantMy little research project was, like me, flawed. But the idea is that there may be a lot of investors purchasing Temecula homes at this time. Crowded trade, etc… could be too many rentals on the market in the near future. Actually calling them and doing a little investigation could be very beneficial. But I am of the flip school. So I dont really care. I need an upward market to be safe in my methodology. All others, do as ye please.
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