patrick.net

CashWillCrash says

Wow, 77.5% increase in just over 2 years!!!

With all due respect, I think that is in 2 months, not years.

Bought February 8, 2013 for 198k
Listed April 4, 2013 for 319k

Appraisers ? Don't you remember my story about the howls of laughter I got on the phone years ago when I told the bank 'I have an appraisal'

;-) Thankfully, I have come a long way since then.

CashWillCrash says

it a mobile home, looks like one?

Close ..

David9 says

CashWillCrash says

Wow, 77.5% increase in just over 2 years!!!

With all due respect, I think that is in 2 months, not years.

Bought February 8, 2013 for 198k

DAVID9,
77.5% was the appreciation for Phoenix according to Roberto's Article which applied to ALL SALES in Phoenix and not only one lucky flipper!

Listed April 4, 2013 for 319k

Appraisers ? Don't you remember my story about the howls of laughter I got on the phone years ago when I told the bank 'I have an appraisal'

;-) Thankfully, I have come a long way since then.

David9,
the 77.5% appreciation is for Roberto's article which is the average of 15,000 SALES in Phoenix, not just one lucky Flipper! Besides that, it;s only his ASKING price. Any bid yet?

CashWillCrash says

Any bid yet?

k. (For Phoenix Correction) That one property is:

1 of 4 350k and under
1 of 5 400k and under
1 of 8 450k and under

I'll keep an eye on my Redfin emails for sold.
It just might.

Numbers don't lie. Feels good to know my townhouse went up almost 100% from 43.5k to 80k. Neighbor just had an all out cash bidding war on his property. Listing agent told me in front of 2 couples that my neighbor was considering raising the price. I saw him on my way to my garage and he said he needed the money to travel with his new wife or he would hold out for more money. He's 65 and has another house. As for me, I don't think it's unreasonable to say that I think Ill see the 100k mark by August. Yay me and a middle finger to all the jealous haters :)

yup1 says

Bigsby says

And he says he gets $6000 a month at the minute. He isn't claiming some kind of
amazingly lavish income, but that and his pension would do very nicely for most
people

Do you ever get to actually retire with 15 passive income properties?

I would think so with a good property manager. One of the advantages compared to stocks - stability. Not saying housing is a better investment than stocks, just talking about the stability.

FortWayne says

Phoenix is a place that will never ever be worth it. Doesn't mean few people won't make their money doing rentals or investors won't flip stuff to each other back and forth until someone is left with the empty bag, but overall it's a has been kind of like Detroit.

It's amazing, literally every thing you think is always wrong! It's beyond just being stupid, the correlation is literally -1....

Since you wrote this comment, rents in phoenix are up a good 25%, and prices 50% or more.

yup1 says

As usual you dug just deep enough to support your view.

Phoenix listings are up year over year and sales are down year over year. That is a fact!

yup1... where are you? how did your negative predictions for Phoenix real estate work out these past 3 years?

wow, this site always was a bunch of clueless people! even many years ago!!!

RentingForHalfTheCost says

War says

Uh huh.... And you can ask $50k for your used honda civic too.

what ever happened to this guy? "rentingwithhalfabrain" ??

Had he bought 4 years ago, instead of predicting further market crashes, oh well, if frogs had wings they wouldn't bump their butts so much after every jump!