patrick.net

refinance again in 5 years to take another 400K out. do you understand now? but you may sell if you want. there is no tax on it for $500K profit

You are a fucking idiot, here let me explain it to you in broken Enrish so maybe understand you will, if take equity loan, money not yours, money banks, debt not same as wealth, own nothing you do, bank own, you owe. If get equity loan, not free tax, Uncle Sam mad at you.

you rent out the house with the mortgage and have people like you rent it out and pay for the mortgage. that way you can refinance again in 5 years to take another 400K out. do you understand now? but you may sell if you want. there is no tax on it for $500K profit. not bad considering that when you buy that house, you only put in 10 to 20%. you make money off bank money and you pay no tax on it. there is very little down side.

I think you're just baiting us now. There is no way you could possibly believe this. You cannot buy a house now and get enough rent to cover the mortgage unless you put a ton of money down on the house, and you're still paying waaaaaaaay too much. Millionaires are not buying houses right now, they know better. The speculators in the market at this moment are Johnny Come Lately's who don't know any better. Ring a bell? The downside is coming whether you choose to believe it or not. But please, buy more properties, I'm begging you.

Juju, I appreciate your good-hearted nature. In the world of blogging, you advise perfect strangers like us the best and fool-proof way to make money, which is to pour money into buying houses at the peak, with 0% down, by using home equity and optiona ARM loans. Fantastic. And you share with us your success stories without asking for anything in return. If making money out of real estate ALWAYS works the way you preach, why isn't everyone doing it? Are the rest of the world dumb, and there's only you who are the smart one?

Nah, that doesn't sound right to me. How about this alternative theory: I think you're a pissed-off realtor(tm) who's getting really desperate recently. Your houses have been listed for at least three months, with no takers, and the sellers insist on selling them over $700k. You beg and beg and beg, and they lower them to 3% less. You know that it won't help because if people can barely afford houses at 4% Option ARM's, they can't afford buying at 6% Option ARM, even the sellers are "flexible" enough to give a 3% discount.

So, you've decided to come (back) here, posting nonesense, hoping to convert some people. Well, the two guys you have converted may actually be someone in your family (stupidity is hereditary), so you may as well end up shootin' yourself in the foot.

Keep entertain it. Some of us will come back and give you some good hurtin' whenever we feel we need some more entertainment.

Juju

Here's an article you should read. It proves the point that RE investors who know anything are getting out of the market right now. You'd be wise to pay attention.

http://money.cnn.com/2005/10/21/news/newsmakers/barrack/index.htm?cnn=yes

Juju, we love you!

Juju, we love you!

Huh? Why did I say that. By the way, the "Huh?" thread has surpassed this one in terms of kommet count. Let's blow that thread b... balloon instead.

Bye juju.

"Juju, we love you!

Huh? Why did I say that."

Because it has such a nice ring to it?

Because Juju needs to feel the love?

Because there is no thread bubble?

This thread is petering out. Huh? is still strong. Perhaps this is a case of rolling thread boom?

Phong Nuygen Says:

October 27th, 2005 at 9:08 pm e
i guess i am not surprised since you are the one that has 3,4 or all identity on this board. We should meet together someplace and just talk instead of you pretending to be multiple people.

Despite your protests to the contrary, you've outed youself as your own multiple personalities. (Funny that you love to accuse others of doing the same) You have successfully proven to be the troll we all thought you were. Nothing you say has credibilty and you are no longer worth the effort to talk to. Find someone else to bother. Better yet, keep talking to yourself so you don't bother anyone else.

SactoQt, we're reaching 865 posts now. Please let juju keep posting and talking to self, and soon, it'll reach 1,000.

Then at that time, juju will proudly proclaim that he/she owns this thread, and got in when it had only 500 posts.

But then, no one else is interested to take the troll bait anymore. juju will be alone and start giving him/herself lessons in real estate investment.

Hey, juju, why hate me so much? I just stated the fact that you just can't keep up with your own lies. If you can't even follow through with your bs, how can you revive this housing bubble? You're useless.

The thread bubble, keep it coming :-)

SactoQt, we’re reaching 865 posts now. Please let juju keep posting and talking to self, and soon, it’ll reach 1,000.

"Huh?" has passed the 1300 mark!

We can edit juju's comments (blanking them out) without affecting comment count. We make the thread market! There is no thread bubble!

>>>> Millionaires are not buying houses right now
:) … you are so dumb. look at the sales of million dollar houses in california. it has skyrocketed this year! enough said.

Huh? Buying a million dollar home will make you a millionaire? Perhaps I should buy one. Where is my realtor's phone number. I lost his number. :(

as an Econ major here at UCSB

or as we like to call it, Chico South.

I believe “phoung”, “peter”, “brightc”, “surfer-x” are all one in the same.

And I believe you are a cum drunk sorority whore.

if it goes back to $100,000, chances are that the economy has completely collapsed and nobody can afford it at $1,000,000. This still bolds well for the real estate holder as real estate is worth what it is worth at any given time and the chances are that the person who could afford it at $1,000,000 has lost money in his/her other investments as well.

Your parents need to go to the registrar and get their money back.

Look up the stats you vapid trollop and then explain why housing has diverged from over 100 years of data. Real estate tracks inflation, period. Good luck on your cock hunt tonight, but isn't that every night in Isla Vista.

Also, based on what I’ve read and the writing patterns I’ve been able to identify on this thread, there really is only 2 poster. I believe “phoung”, “peter”, “brightc”, “surfer-x” are all one in the same.

You lost any possibility of having any credibility by posting this. Maybe you need to go back and take some English classes, as your ability to detect "patterns" in the writing is pretty sad.

Come back and post when you've actually committed some $$ in RE (not your parents $$ either) then we'll talk.

I believe “phoung”, “peter”, “brightc”, “surfer-x” are all one in the same.

I am also Czar Peter the Great.

I see. If group of people come to similar conclusion than they must be one person. All Democrats is one person and All Republicans is one person.

You mean they are not? :)

There...is...no...thread...bubble!

Experience rolling thread boom in huh!

Huh 2000!

There is no thread bubble!

bye bye … hee hee. i will go now to collect my rent from my loser tenant .

Lobster salad is best with white truffle oil.

Blog on, social effects!

I'm paying only a small fraction of my landlord's mortgage as rent. If you count property tax, maintenance and depreciation, the faction is even smaller. I'm getting a good deal. My landlord is not.