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Old 12-16-2015, 05:27 PM
 
2,409 posts, read 2,641,357 times
Reputation: 1807

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Quote:
Originally Posted by ImNotDedYet View Post
Because if one could figure out the answer to that question, time their investments, etc. one could make a lot of money - perhaps even one million dollars!
Would you mind elaborating on that? Suppose you had the information, how would you make a million dollars from it?
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Old 12-16-2015, 06:41 PM
 
Location: Highlands Ranch, CO
556 posts, read 578,517 times
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Quote:
Originally Posted by AmFest View Post
Would you mind elaborating on that? Suppose you had the information, how would you make a million dollars from it?

We'll if I knew definitively that the housing market would continue to grow at, say, 8 percent for two more years, I would take out lot of loans at 4 percent, and make the different in profit. If I had significant enough property I could in theory make a million dollars. Knowing when to sell has tona of advantages
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Old 12-17-2015, 12:29 AM
 
2,409 posts, read 2,641,357 times
Reputation: 1807
Quote:
Originally Posted by guyatwork37 View Post
We'll if I knew definitively that the housing market would continue to grow at, say, 8 percent for two more years, I would take out lot of loans at 4 percent, and make the different in profit. If I had significant enough property I could in theory make a million dollars. Knowing when to sell has tona of advantages
How much money would you need to have in advance then to make a million dollars in 2 years?
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Old 12-17-2015, 07:00 AM
 
Location: Highlands Ranch, CO
556 posts, read 578,517 times
Reputation: 837
Quote:
Originally Posted by AmFest View Post
How much money would you need to have in advance then to make a million dollars in 2 years?

If I did my. Math right, it would take about six million dollars. But that was total back of the napkin stuff.
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Old 12-19-2015, 04:43 PM
 
6 posts, read 4,661 times
Reputation: 22
Default paying cash for house

If you pay cash rather than getting a loan you are losing big time. First of all the tax deductions. Then there are formulas that show how much more you make on your initial down payment as the years go by. The less of a down payment you make the greater your IRR. Just saying.
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Old 12-19-2015, 07:47 PM
 
Location: The Berk in Denver, CO USA
14,040 posts, read 20,362,290 times
Reputation: 22811
Default I disagree

Quote:
Originally Posted by liketowrite View Post
If you pay cash rather than getting a loan you are losing big time. First of all the tax deductions. Then there are formulas that show how much more you make on your initial down payment as the years go by. The less of a down payment you make the greater your IRR.
Tax deductions are only meaningful if you itemize.
Formulae and not formulas. It is a Latin word.
Your personal residence is not an investment.
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Old 12-19-2015, 11:24 PM
 
Location: Portlandish, OR
901 posts, read 1,521,071 times
Reputation: 944
I need the cliffs notes on the CO real estate trends. (not a colorado resident here)
If the increases are atttributed to pot legalization, are they expected to level off at a certain point?
How do you know people are moving there for pot vs other reasons?

I ask because I live in oregon, and our real estate is also going up quite a bit, and yes, we did legalize pot but I don't think that is the driving force out here.
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Old 12-19-2015, 11:49 PM
 
459 posts, read 675,145 times
Reputation: 726
Quote:
Originally Posted by christiner81 View Post
If the increases are atttributed to pot legalization, are they expected to level off at a certain point?
How do you know people are moving there for pot vs other reasons?
The Denver real estate price increases -outside of industrial growhouse space- are only attributed to pot legalization by lazy journalists trying to generate click bait so they might have a job that lasts more than a few months.

The prices will level off when supply catches demand. People started moving here at an accelerated rate well before we legalized Marijuana, and shortly after the real estate bubble burst so financing for housing lagged so supply wasn't able to keep up initially.

Last edited by robertgoodman; 12-20-2015 at 12:01 AM..
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Old 12-20-2015, 01:46 PM
 
214 posts, read 193,577 times
Reputation: 380
Quote:
Originally Posted by christiner81 View Post
I need the cliffs notes on the CO real estate trends. (not a colorado resident here)
If the increases are atttributed to pot legalization, are they expected to level off at a certain point?
How do you know people are moving there for pot vs other reasons?

I ask because I live in oregon, and our real estate is also going up quite a bit, and yes, we did legalize pot but I don't think that is the driving force out here.
If the economy slips into a recession, oil prices stay very low, and interest rates go up housing prices should stabilize in the Denver metro. People are less likely to change jobs (and relocate to Denver) during a recession.

I don't think many people moved here for weed, you can get weed anywhere. In fact the weed in medical only states is probably better than the pesticide filled garbage that is now being sold in Denver.
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Old 12-21-2015, 12:26 PM
 
387 posts, read 273,419 times
Reputation: 697
Ahh the next level of the legal pot boom: organic non-GMO weed.
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