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RentingForHalfTheCost
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2012 Feb 25, 7:32am
Pretty hard to maximize profits giving up 7-8% in closing/purchase costs every year or 3 years or whatever.
Don't use realtards. Sell on your own. I know many that have and it was pretty easy they say. I haven't done it, but if I ever do sell again and multiple places I will.
http://www.wikihow.com/Sell-Your-Own-House
I buy to live-in and then resell or maybe rent as I buy again. I guess all three do come to mind in a decision. I still think selling for any reason right now is prudent if you are not making up the depreciation in surplus on the rental. There are many other investment that are actually appreciating at this time. Put is all in a diversified dividend group of stocks if you want something easy. Coke, GE, Comcast, Proctor&Gamble, Verizon, etc. Your make 5% a year just on the dividend and sit and watch the real estate disaster.
RentingForHalfTheCost
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2012 Feb 26, 6:56am
so the $76,000 home drops 1%?
Makes perfect sense when the 1% is really noise and can be offset by the rental income easily. Like you said, though, jack that up by 10x or even more (1.2million home) and things start getting crazy.
You sound like you got a handle on things. Mop it up out there!
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they say there are bidding wars going on here in az too. I told them Im not interested in doing anything like that.
chase bank just said (on tv) the housing bottom is here..this is it..we will have a couple years of stabilization (after all the shadow inventory is gone).
what does that mean? that homeowners will have to just sit and wait, while the banks try to rid the shit houses from their inventory for the best prices they can get. if you look at the short sales / foreclosures reo's the prices are still too high in many cases (unless they are in undesirable areas) where people like you and I would never buy anyhow.
realtors are telling me if I want to sell my house it'll go for around 85K.(I paid 115K in dec 07, so it was already down about $25K)sure you can pick up a foreclosure with the same (or less) sq. ft., but it needs tons of work for 65. but thats in az. in indiana the housing has actually gone up! prices in IL are still too high in good areas and have you seen the taxes? they went up 33%!
and I think things are going to be different after the election. right now they want everyone to think everything is getting better..is it? I know the stock market is..again election year stuff,
there is the possibility that housing may go down again..
what do you think?
#housing