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Suze Orman and people who think RE is a good investment

By jvolstad   Follow   Sat, 27 Oct 2012, 6:34pm   795 views   7 comments
In San Antonio TX 78254   Watch (0)   Share   Quote   Permalink   Like   Dislike  

A lady in Austin, Texas, learning that having a rental property is not such a good deal.

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1. swooshn Follow Befriend (1) 15 comments

   1   7:34pm Sat 27 Oct 2012   Share   Quote   Permalink   Like   Dislike   Can't get it to play.

2. matthew79 Follow Befriend 2 threads 9 comments Surprise, AZ

   2   7:34pm Sat 27 Oct 2012   Share   Quote   Permalink   Like (2)   Dislike   I listen to Dave Ramsey off and on. I've heard him many times encouraging us to purchase real estate at today's record low interest rates and that "now is the best time in the history of real estate to buy". It makes perfect sense when you learn that Dave is a former real estate agent..lol

3. jvolstad Follow Befriend (4) 1,003 threads 1,146 comments San Antonio, TX jvolstad's website

   3   7:48pm Sat 27 Oct 2012   Share   Quote   Permalink   Like   Dislike   swooshn says Can't get it to play. These are not videos. They are screen captures.

4. robertoaribas Follow Befriend (23) 56 threads 4,081 comments Scottsdale, AZ robertoaribas's website

   4   7:39am Sun 28 Oct 2012   Share   Quote   Permalink   Like   Dislike   Darrell In Phoenix says Her guest is a nitwit. She's paying out $2100 a month in inflated mortgage and carrying costs and the place rents for $1300 a month. Sounds like a great "investment" huh? that's because she bought it in 2006, then took even more out... However, let's look at one of mine: Mortgage $475 (includes taxes and insurance) hoa = $45 maintenance = $100 Rent = $1000 chachachachingalingaling! purchased ofr $76K a year ago, worth over $115K today... boooya!

5. jvolstad Follow Befriend (4) 1,003 threads 1,146 comments San Antonio, TX jvolstad's website

   5   11:04am Sun 28 Oct 2012   Share   Quote   Permalink   Like (1)   Dislike   robertoaribas says Darrell In Phoenix says Her guest is a nitwit. She's paying out $2100 a month in inflated mortgage and carrying costs and the place rents for $1300 a month. Sounds like a great "investment" huh? that's because she bought it in 2006, then took even more out... However, let's look at one of mine: Mortgage $475 (includes taxes and insurance) hoa = $45 maintenance = $100 Rent = $1000 chachachachingalingaling! purchased ofr $76K a year ago, worth over $115K today... boooya! I'm sure she had one of these "professional" real estate people, who told her buy now before it's too late. When will people learn. You don't trust what a Realtor says, and you keep your children away from these pervert Realtors.

6. Elwood P Dowd Follow Befriend 27 comments Clinton, MA

   6   11:23am Sun 28 Oct 2012   Share   Quote   Permalink   Like   Dislike   I'm sure she had one of these "professional" real estate people, who told her buy now before it's too late. I think toward the end a lot of people became their own "professionals" and disdained advice from anyone, realtors or not. I also thought Austin was booming? (Though I guess the rental might be somewhere else.) When will people learn. You don't trust what a Realtor says, and you keep your children away from these pervert Realtors. Mama, don't your babies grow up to Suuu-zanesss

7. lostand confused Follow Befriend (9) 184 threads 1,660 comments Premium

   7   12:23pm Sun 28 Oct 2012   Share   Quote   Permalink   Like   Dislike   Protected   I would rather buy a high interest , low balance loan , then a low interest, gigantour mortgage. Of course the best is a low interest, low balance loan. But coastal CA is still massively overpriced for the wages. Let's see how long the FEDs can hold up the tides. The recent better than expected GDP reading wasn't that better if you take out the larger than expected gubmnt spending.