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ParticipantWhat exactly IS low income housing?
If a 425k home is considered low price, and qualifing buyers fundamentally require a household income of 125k to make that purchase, should we call them low income buyers?
Applying social stigma to hard working, good wage earners based on how much they purchased their home for in an overinflated market is an incredibly vain attitude…
ParticipantWhat exactly IS low income housing?
If a 425k home is considered low price, and qualifing buyers fundamentally require a household income of 125k to make that purchase, should we call them low income buyers?
Applying social stigma to hard working, good wage earners based on how much they purchased their home for in an overinflated market is an incredibly vain attitude…
ParticipantWhat exactly IS low income housing?
If a 425k home is considered low price, and qualifing buyers fundamentally require a household income of 125k to make that purchase, should we call them low income buyers?
Applying social stigma to hard working, good wage earners based on how much they purchased their home for in an overinflated market is an incredibly vain attitude…
ParticipantHe will definitely be chasing the market down with advice to reduce his price in 15k increments. It fits the definition, and you are contributing.
What are you basing your 15k reduction figure on? What do the professionals recommend? Maybe you are in the profession, and if so, how does your data look?
What happened to the first realtor? Did he/she advise your friend that his price needs to be reduced drastically to sell quickly in a falling market?
ParticipantHe will definitely be chasing the market down with advice to reduce his price in 15k increments. It fits the definition, and you are contributing.
What are you basing your 15k reduction figure on? What do the professionals recommend? Maybe you are in the profession, and if so, how does your data look?
What happened to the first realtor? Did he/she advise your friend that his price needs to be reduced drastically to sell quickly in a falling market?
ParticipantHe will definitely be chasing the market down with advice to reduce his price in 15k increments. It fits the definition, and you are contributing.
What are you basing your 15k reduction figure on? What do the professionals recommend? Maybe you are in the profession, and if so, how does your data look?
What happened to the first realtor? Did he/she advise your friend that his price needs to be reduced drastically to sell quickly in a falling market?
ParticipantHe will definitely be chasing the market down with advice to reduce his price in 15k increments. It fits the definition, and you are contributing.
What are you basing your 15k reduction figure on? What do the professionals recommend? Maybe you are in the profession, and if so, how does your data look?
What happened to the first realtor? Did he/she advise your friend that his price needs to be reduced drastically to sell quickly in a falling market?
ParticipantGotta love Larry Yun: “Once the pent-up demand begins to move…..”
Buddy… i AM the pent-up demand, and I’m not moving until the supply of available homes is so great, the sellers have no choice but to bring their values back into line and admit their greed was a dumb decision…
ParticipantGotta love Larry Yun: “Once the pent-up demand begins to move…..”
Buddy… i AM the pent-up demand, and I’m not moving until the supply of available homes is so great, the sellers have no choice but to bring their values back into line and admit their greed was a dumb decision…
ParticipantGotta love Larry Yun: “Once the pent-up demand begins to move…..”
Buddy… i AM the pent-up demand, and I’m not moving until the supply of available homes is so great, the sellers have no choice but to bring their values back into line and admit their greed was a dumb decision…
ParticipantI’d just like to try to summarize:
1) You bought close to the peak
2) You spent half the purchase price just to improve the property to Zillow estimates (which may now be inflated…)
3) You wonder if you should spend more to improve the property during a declining market, thinking that it should ‘affect positively the house value’.
Sounds like you want to break even, or better make some profit….
If you had purchased with the idea that your property was a long term investment, i.e, more than 4 years, why would you care if the ‘marking is crushing’?
As a buyer, I don’t care what influence your ‘money pit’ has had on your ‘relationship
because of the financial stressor.’ That is a consequence of your decision to overpay for the place to begin with.Yes, I would appreciate it if you put 500,000 dollars more into your home, because I am the one who will be looking to buy your property when the market has regained some reasonability, and that figure will be much lower than what your vice is currently telling you.
If you want to put the finishing touches on your house thinking that will increase the value of the property, then you meet all the definitions of a flipper.
Sorry for the venom….I make a better than average wage, have no debt, have substantial savings and a great job and I’m still priced out of the market? WTF…
ParticipantI’d just like to try to summarize:
1) You bought close to the peak
2) You spent half the purchase price just to improve the property to Zillow estimates (which may now be inflated…)
3) You wonder if you should spend more to improve the property during a declining market, thinking that it should ‘affect positively the house value’.
Sounds like you want to break even, or better make some profit….
If you had purchased with the idea that your property was a long term investment, i.e, more than 4 years, why would you care if the ‘marking is crushing’?
As a buyer, I don’t care what influence your ‘money pit’ has had on your ‘relationship
because of the financial stressor.’ That is a consequence of your decision to overpay for the place to begin with.Yes, I would appreciate it if you put 500,000 dollars more into your home, because I am the one who will be looking to buy your property when the market has regained some reasonability, and that figure will be much lower than what your vice is currently telling you.
If you want to put the finishing touches on your house thinking that will increase the value of the property, then you meet all the definitions of a flipper.
Sorry for the venom….I make a better than average wage, have no debt, have substantial savings and a great job and I’m still priced out of the market? WTF…
ParticipantI’d just like to try to summarize:
1) You bought close to the peak
2) You spent half the purchase price just to improve the property to Zillow estimates (which may now be inflated…)
3) You wonder if you should spend more to improve the property during a declining market, thinking that it should ‘affect positively the house value’.
Sounds like you want to break even, or better make some profit….
If you had purchased with the idea that your property was a long term investment, i.e, more than 4 years, why would you care if the ‘marking is crushing’?
As a buyer, I don’t care what influence your ‘money pit’ has had on your ‘relationship
because of the financial stressor.’ That is a consequence of your decision to overpay for the place to begin with.Yes, I would appreciate it if you put 500,000 dollars more into your home, because I am the one who will be looking to buy your property when the market has regained some reasonability, and that figure will be much lower than what your vice is currently telling you.
If you want to put the finishing touches on your house thinking that will increase the value of the property, then you meet all the definitions of a flipper.
Sorry for the venom….I make a better than average wage, have no debt, have substantial savings and a great job and I’m still priced out of the market? WTF…
ParticipantYou wish to replace the dirty air with un-dirty air. All of our communal source of air is currently dirty, so you may need some type of intake-filter-output mechanism. Try google searching something like, ‘smoke restoration technology’ and I would love to hear your results, and thanks.
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