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SD Realtor
ParticipantI am not saying that the GDP will not continue to fall or that the economy is in bad shape. That is not a challenging prognostication.
Anyways, tell you what, all I can tell is what I see actually happening verses your predictions of what will happen. Back in 06 lots of people who posted here were cracking lots of great jokes about the 30k inventory levels we would see. Lots of talk about how the lenders would go out of business. Lots of talk about how we would all get fantastic deals. Not much talk that the government would through 12 trillion of our tax money at the lending industry, insurance industry, or *insert industry here*. Not much talk of regulatory moves by the government to stem foreclosures.
My point is that I can only tell you what is happening not what will happen.
However I will go out on a limb and say none of us here, not you, or me, or most anyone else, will get the deals that investors get. Not now, not in the future. When you finally acknowledge the game is rigged you stand a better chance of understanding how to play it, rather then waiting for a level playing field.
ParticipantI am not saying that the GDP will not continue to fall or that the economy is in bad shape. That is not a challenging prognostication.
Anyways, tell you what, all I can tell is what I see actually happening verses your predictions of what will happen. Back in 06 lots of people who posted here were cracking lots of great jokes about the 30k inventory levels we would see. Lots of talk about how the lenders would go out of business. Lots of talk about how we would all get fantastic deals. Not much talk that the government would through 12 trillion of our tax money at the lending industry, insurance industry, or *insert industry here*. Not much talk of regulatory moves by the government to stem foreclosures.
My point is that I can only tell you what is happening not what will happen.
However I will go out on a limb and say none of us here, not you, or me, or most anyone else, will get the deals that investors get. Not now, not in the future. When you finally acknowledge the game is rigged you stand a better chance of understanding how to play it, rather then waiting for a level playing field.
ParticipantI am not saying that the GDP will not continue to fall or that the economy is in bad shape. That is not a challenging prognostication.
Anyways, tell you what, all I can tell is what I see actually happening verses your predictions of what will happen. Back in 06 lots of people who posted here were cracking lots of great jokes about the 30k inventory levels we would see. Lots of talk about how the lenders would go out of business. Lots of talk about how we would all get fantastic deals. Not much talk that the government would through 12 trillion of our tax money at the lending industry, insurance industry, or *insert industry here*. Not much talk of regulatory moves by the government to stem foreclosures.
My point is that I can only tell you what is happening not what will happen.
However I will go out on a limb and say none of us here, not you, or me, or most anyone else, will get the deals that investors get. Not now, not in the future. When you finally acknowledge the game is rigged you stand a better chance of understanding how to play it, rather then waiting for a level playing field.
ParticipantConcho the ones I have identified bought the home at trustee sale and had it back on the MLS in a matter of weeks. The buyer of each one was not investors, they were regular buyers. One even has posted on this board.
ParticipantConcho the ones I have identified bought the home at trustee sale and had it back on the MLS in a matter of weeks. The buyer of each one was not investors, they were regular buyers. One even has posted on this board.
ParticipantConcho the ones I have identified bought the home at trustee sale and had it back on the MLS in a matter of weeks. The buyer of each one was not investors, they were regular buyers. One even has posted on this board.
ParticipantConcho the ones I have identified bought the home at trustee sale and had it back on the MLS in a matter of weeks. The buyer of each one was not investors, they were regular buyers. One even has posted on this board.
ParticipantConcho the ones I have identified bought the home at trustee sale and had it back on the MLS in a matter of weeks. The buyer of each one was not investors, they were regular buyers. One even has posted on this board.
ParticipantThe investors I am talking about flip the properties right away. They are not holding it for a rental. Other large investment groups making bulk purchases for rental income generally do so with a pretty serious margin for downturn on rents and such margins are built into the purchase. This is why they get substantial discounts on the homes. One bulk investor I had spoke to earlier in the year was looking for approximately 40-50% off on the homes the homes that they were negotiating with Citibank on.
The good thing is that our tax revenues will cover any shortfalls in the scenarios you or I or anyone else comes up with.
ParticipantThe investors I am talking about flip the properties right away. They are not holding it for a rental. Other large investment groups making bulk purchases for rental income generally do so with a pretty serious margin for downturn on rents and such margins are built into the purchase. This is why they get substantial discounts on the homes. One bulk investor I had spoke to earlier in the year was looking for approximately 40-50% off on the homes the homes that they were negotiating with Citibank on.
The good thing is that our tax revenues will cover any shortfalls in the scenarios you or I or anyone else comes up with.
ParticipantThe investors I am talking about flip the properties right away. They are not holding it for a rental. Other large investment groups making bulk purchases for rental income generally do so with a pretty serious margin for downturn on rents and such margins are built into the purchase. This is why they get substantial discounts on the homes. One bulk investor I had spoke to earlier in the year was looking for approximately 40-50% off on the homes the homes that they were negotiating with Citibank on.
The good thing is that our tax revenues will cover any shortfalls in the scenarios you or I or anyone else comes up with.
ParticipantThe investors I am talking about flip the properties right away. They are not holding it for a rental. Other large investment groups making bulk purchases for rental income generally do so with a pretty serious margin for downturn on rents and such margins are built into the purchase. This is why they get substantial discounts on the homes. One bulk investor I had spoke to earlier in the year was looking for approximately 40-50% off on the homes the homes that they were negotiating with Citibank on.
The good thing is that our tax revenues will cover any shortfalls in the scenarios you or I or anyone else comes up with.
ParticipantThe investors I am talking about flip the properties right away. They are not holding it for a rental. Other large investment groups making bulk purchases for rental income generally do so with a pretty serious margin for downturn on rents and such margins are built into the purchase. This is why they get substantial discounts on the homes. One bulk investor I had spoke to earlier in the year was looking for approximately 40-50% off on the homes the homes that they were negotiating with Citibank on.
The good thing is that our tax revenues will cover any shortfalls in the scenarios you or I or anyone else comes up with.
ParticipantI don’t like to see it either as a potential buyer. However to be 100% honest, I am more envious of these people then anything.
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