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dunnross
2011 Dec 24, 4:47am
don't dispair and keep on trucking REpro. you will be rich if you just keep buying single family houses to rent back to the jealous ones who can not buy a house. $$$$$$ you just got competition from other geniuses like me.
Geniuses don't buy when others are buying. Geniuses sell when others are buying and buy when others are selling.
FortWayne
2011 Dec 25, 1:18pm
don't dispair and keep on trucking REpro. you will be rich if you just keep buying single family houses to rent back to the jealous ones who can not buy a house. $$$$$$ you just got competition from other geniuses like me.
Geniuses don't buy when others are buying. Geniuses sell when others are buying and buy when others are selling.
great time to sell when rates are low like now. Residential market is fubar with gov meddling too much in it.
JodyChunder
2011 Dec 27, 7:17pm
Yep, seems like cash is flowing in wrong direction. LOL.
thats right! flwoing right into my fat happy hand the first of every month.
GUAB
2011 Dec 29, 3:19am
Yep, seems like cash is flowing in wrong direction. LOL.
thats right! flwoing right into my fat happy hand the first of every month.
Yep!
Great time to buy in certain areas when so many people are forced to rent. I think it'll eventually even out though as we work our way through the next 10 years.
B.A.C.A.H.
2011 Dec 29, 4:34am
I lost contracts on purchase
Ah yes, the "I lost the house talk".
Losing something that you never had?
It is Bubble-Talk Yuppie-Talk, I heard a lot in the runup to summer 2006, "We Lost the House".
A couple or so later, I heard others also say, "We Lost the House", but this time, it meant something different.
Well hey, there's better investments out there anyway- like the stock market for example.
everything
2011 Dec 29, 6:50am
Interesting in the AP article, how the NAHB says one new home construction generates 90 thousand in taxes.
JodyChunder
2011 Dec 29, 11:58am
Well hey, there's better investments out there anyway- like the stock market for example.
i know personaly three baby boomers today that are now living in basements and campers that had the same idea as you.
FortWayne
2011 Dec 30, 2:11am
Well hey, there's better investments out there anyway- like the stock market for example.
i know personaly three baby boomers today that are now living in basements and campers that had the same idea as you.
No offense Jody, but Victorville isn't exactly where successful people move to. I can cash out today and probably buy a whole block of houses in your neighborhood. You see, when someones life accomplishment are a few wooden structures, it's a wasted life.
REpro
2011 Dec 30, 4:59am
News from my LinkedIn fellow:
"Brazil just passed Britain to become the sixth-largest economy in the world."
"Miami Has a Hearty Oi (Hello) for Free-Spending Brazilians.
Flush with cash, Brazilians are spending millions of dollars for vacation condominiums, clothes, jewelry, furniture, cars and art in South Florida."
i know personaly three baby boomers today that are now living in basements and campers that had the same idea as you.
Likewise I have relatives who are worth well over a million, not including their homes, who did nothing more than invest in 401k's and mutual funds. Oh- and they retired early. I also know a ton of boomers- especially in the bay area, who own reallllyyy nice houses but are practically broke because they view their houses as their retirement.
LAO
2011 Dec 30, 6:32am
Likewise I have relatives who are worth well over a million, not including their homes, who did nothing more than invest in 401k's and mutual funds. Oh- and they retired early. I also know a ton of boomers- especially in the bay area, who own reallllyyy nice houses but are practically broke because they view their houses as their retirement.
You do realize the stock market has gone practically NOWHERE for the past decade?
DOW was 11497 in Oct. 1999.... Now in Dec 2011 it's 12217....
WOW, quite the investment!?! Housing has been a better investment for your Bay Area Boomers than the stock market in the last decade... and that says something when housing is down 40% from the peak.
The current stock market is more prone to a bubble than housing moving forward. I doubt any of your relatives started investing in stocks in 1999 and got rich off them.
Moving forward if housing doesn't stabilize and start appreciating normally just above inflation.. And we don't stop killing off the middle class by destroying their greatest asset. The stock market isn't going anywhere for another decade.
Bankrupting a generation won't spur growth in stocks and 401ks.
B.A.C.A.H.
2011 Dec 30, 9:20am
Nomo, lotsa Air Force brats and defense contractors live out there. Known a few of them myself.
JodyChunder
2011 Dec 30, 3:25pm
FortWayne finally says something I agree with.
Nobody in their right mind lives in the Mojave Desert unless that's all they can afford.
right mind. where do you live sport? I started life in Carpinteria lived in Oceano Orange County Palm Springs and finally Victorville. I own rental homes in all of those locations and also some of property out of state. Victorville has some trash yes. So does every p;lace. but I spose every one who decides to live in the high desert is low budget to a big time winner like yourself huh? And every one who lives in TEXAS is a shit kicker? And every one who lives in Kentucky is a racist? You are as Closed minded as the folks you take so much joy in farting on. i can tell you have a lot of opinions but none with any MEAT on them
Mojave is a spiritual place I can see why you would hate it.
JodyChunder
2011 Dec 30, 3:28pm
Given that Victorville had a *massive* crash when the RE bubble popped, I never believed Jody really lives in there. She might as well have written "foreclosure central" or "short sale ground zero". Surpassed only by Las Vegas.
Not to mention, do they have internet available there?
never bleived me why? Victorville has been my home for the last 13 years off and on. I been here thru the crash and will die here most probably. Made out very well here and elsewheres. it makes no sense to try to make a dent in the investment market in the all ready expensive regions. dumb money. slow and sure in the high desert. i get it tho I do not believe half of what most on here write tho so no hard feelings mrs ptiemann.
JodyChunder
2011 Dec 30, 3:35pm
No offense Jody, but Victorville isn't exactly where successful people move to. I can cash out today and probably buy a whole block of houses in your neighborhood. You see, when someones life accomplishment are a few wooden structures, it's a wasted life.
that is right up there with judging what some one pulls in based on what kind of car they got in they drive way. I am not to brag but I am pretty sure my holdings are more solid and hi valued than your own there in Indiana and that is due in a big way to my strategy in property investment here in Victorville. I also part own a Tutti Frutti with my son in law here.
hey those baby boomers I was talking about are not from here in the desert but from your extra special high $ bay area.
There are definitely some sick rental investments available in my area on the east coast. Even in luxury areas on islands near me there are places popping up, like condos near transportation etc, that people will surely rent. A lot of places people already had as second homes bought as investments during the bubble. I'm talking places selling for 660k in 2005 are selling for 240k now in excellent shape. My mom has two paid off in cash and they are like atms for her. My wife and I are looking at one of those for investment while we wait for max bottom for our living house. We rent a house from my dad for cheap right now and it can't be beat as a tool to let us wait and nail the bottom. For investments if you try to be creative with locations the deals are out there. There are a lot of small islands near me that I doubt people even think to search for assuming prices are still to high.
JodyChunder
2011 Dec 30, 4:42pm
For investments if you try to be creative with locations the deals are out there. There are a lot of small islands near me that I doubt people even think to search for assuming prices are still to high.
Yes you will be a millionare if you just keep buying houses to rent out. I rent holidays homes in teh desert to city types who want to get awawy from they terrible lives. nobody local would ever pay to live there but these folks like ruffing it. they think it is exotic!
House as a ATM. That is true! Investment properties are the wave of THE FUTURE.
Yes you will be a millionare if you just keep buying houses to rent out. I rent holidays homes in teh desert to city types who want to get awawy from they terrible lives. nobody local would ever pay to live there but these folks like ruffing it. they think it is exotic!
You would think a wealthy property investor could afford to install spell check on their computer. You can be anyone you like on the internet. Just saying.
JodyChunder
2011 Dec 31, 10:51am
You would think a wealthy property investor could afford to install spell check on their computer. You can be anyone you like on the internet. Just saying.
dear jackass: i am typing on a IPAD. i have arthritis also, happy new year
Jody,
By the coast, Jenner-wise on south, beach houses go for $350 and up. Per night.
This is for maybe 14 gallons of hot water, septic that goes out after three days, central air that doesn't go out to the converted porch with single pane windows. No sidewalk, walking distance to nowhere, no parking, no maid service, no put-in for your kayak, no free kayaks either. Install stainless steel appliances and a clawfoot tub, furnish with genuine organic Alpaca comforters and bath trays, and profit.
JodyChunder
2011 Dec 31, 6:10pm
Spell check is a software thing, not a hardware thing.
well not on this machine. it does sometimes stick a rad squiggle under my words but that is it. oh well.
$350 a night is to much, I would under sell those suckers.
Right click on the word with the rad squiggle, and you should see the correct spelling at the top of the menu.
How do you maintain vacation properties that are way out there? You either have to live there, or you pay one of the area residents to take on property management as an additional side business next to alpaca-yarn weaving and marijuana cultivation.
I lost contracts on purchase of two different houses to buyers, with all cash, full asking price offers, within last 20 days.