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Old 11-09-2007, 05:46 PM
Status: "Bountiful pine needle harvest" (set 20 days ago)
 
Location: Near Manito
19,271 posts, read 20,147,764 times
Reputation: 13358

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Has anyone checked rates lately? No pain. A little sweat. No nasty stock market to worry about. Time to invest in a fixer-upper....then flip it when everyone is over their snit next Spring....

Graph the Trend from bankrate.com (tm):

Or, you could just join the crowd snivel and b*tch
snivel and b*tch
snivel and b*tch.
When you could be getting rich.
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Old 11-09-2007, 05:51 PM
 
12,620 posts, read 17,684,974 times
Reputation: 2988
Quote:
Originally Posted by Yeledaf View Post
Has anyone checked rates lately? No pain. A little sweat. No nasty stock market to worry about. Time to invest in a fixer-upper....then flip it when everyone is over their snit next Spring....

Graph the Trend from bankrate.com (tm):

Or, you could just join the crowd snivel and b*tch
snivel and b*tch
snivel and b*tch.
When you could be getting rich.
Good point.
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Old 11-09-2007, 05:53 PM
Status: "Bountiful pine needle harvest" (set 20 days ago)
 
Location: Near Manito
19,271 posts, read 20,147,764 times
Reputation: 13358
Quote:
Originally Posted by Miborn View Post
Good point.
Hey, I'm too old to do that kind of thing now. But I did it in the past.

Someone needs to explain the concept of "sweat equity" to the depressed and depressing younger folks on this board.
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Old 11-09-2007, 06:03 PM
 
12,620 posts, read 17,684,974 times
Reputation: 2988
I wish my hubby had more interest in it and knew how to do home things. Because if you can do the work it is really rewarding when it is done. Then to be able to sell at a profit is wonderful.
Even painting, added trim work, maybe some tile and landscaping can make a huge difference in a home.
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Old 11-09-2007, 06:05 PM
 
Location: Sitting on a bar stool. Guinness in hand.
4,428 posts, read 5,490,894 times
Reputation: 1691
Default Buy low and sell high!

Quote:
Originally Posted by Yeledaf View Post
Has anyone checked rates lately? No pain. A little sweat. No nasty stock market to worry about. Time to invest in a fixer-upper....then flip it when everyone is over their snit next Spring....

Graph the Trend from bankrate.com (tm):

Or, you could just join the crowd snivel and b*tch
snivel and b*tch
snivel and b*tch.
When you could be getting rich.
Not yet. I really don't care about the interest rate. It the price that counts. In my area Northeast I currently think the market could fall 15% - 25% of course this is after a Three fold increase in prices in the last decade. Look I'm not willing to catch a falling knife and I not going to over pay on an investment. 2 more years here and then........Buy, Buy , Buy!
Also I love when people away form investing in certain areas. That's why I'm sitting back and salivating over Michigan as well. That is going to be a great investment in 2 years. Pennies on the dollar in certain part there. And if you think I nuts. Great that makes it easier for me to get in when your not in my way. Buy low and sell high!
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Old 11-09-2007, 06:07 PM
Status: "Bountiful pine needle harvest" (set 20 days ago)
 
Location: Near Manito
19,271 posts, read 20,147,764 times
Reputation: 13358
Quote:
Originally Posted by Miborn View Post
I wish my hubby had more interest in it and knew how to do home things. Because if you can do the work it is really rewarding when it is done. Then to be able to sell at a profit is wonderful.
Even painting, added trim work, maybe some tile and landscaping can make a huge difference in a home.
Bingo.

You can learn to do that stuff yourself. Just practice on a spot that doesn't show, until you're sure of yourself.

You don't have to do it all at once.
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Old 11-09-2007, 06:09 PM
Status: "Bountiful pine needle harvest" (set 20 days ago)
 
Location: Near Manito
19,271 posts, read 20,147,764 times
Reputation: 13358
Quote:
Originally Posted by baystater View Post
Not yet. I really don't care about the interest rate. It the price that counts. In my area Northeast I currently think the market could fall 15% - 25% of course this is after a Three fold increase in prices in the last decade.

Funny things happen when you make an offer, though. People might be bluffng. Talk to the peeps, not the realtor.

Look I'm not willing to catch a falling knife and I not going to over pay on an investment. 2 more years here and then........Buy, Buy , Buy!
Also I love when people away form investing in certain areas. That's why I'm sitting back and salivating over Michigan as well. That is going to be a great investment in 2 years. Pennies on the dollar in certain part there. And if you think I nuts. Great that makes it easier for me to get in when your not in my way. Buy low and sell high!
The five most important words in investing!
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Old 11-09-2007, 06:23 PM
 
16,700 posts, read 18,909,509 times
Reputation: 6793
Are you kidding, houses are still overinflated in prices from $50-100k typical and the interest rates are not all that great relative to what they should be. Homes at the 12% interest rate were barely worth 100k on average and now they are 300k+ which would mean interest rates should be 1/3 which is 4%.... its 5-6% right now... which means it has a ways to go in both price and interest rate to be fully equalized... what is needed is buyers to stop buying until the greedy banks stop overcharging and sellers getting realistic about their prices...
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Old 11-09-2007, 06:57 PM
 
2,506 posts, read 7,611,090 times
Reputation: 827
The market is not uniformly bad. Generally, for sure. Hwever, entry level housing is still doing pretty well (at least here in Mpls.). The younger people trying to buy don't need to sell a house. There are better geographic areas also. So if you buy the right priced preperty in the right area, you are still OK.
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Old 11-09-2007, 09:12 PM
 
2,432 posts, read 6,003,319 times
Reputation: 1009
Now could be a good time to pick up a foreclosure house as well.
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