Quote:
Originally Posted by The b8nk
With all the "cash" and "investor" buying, it just looks more of the same like 2005. The sellers are getting greedier every year and a new bubble is forming.
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ahem cough the so called investors are actually taking out cheap loans from the banks to get CASH to buy these so called homes.
so in reality they are in fact taking out mortgages but it is hidden mortgages.
so careful people.
we all know the game.
anyway I bet that they are increasing their margin accounts pumping up stocks and then collateralize them just to borrow more money and more and more.
like ahem jon corzine did with MF GLOBAL?
yes got MF GLOBALED yet?
anyway.
but given the government is intentionally pushing this scam on everyone else.
just ignore it and not rent nor buy from any of them.
if you cannot get a gov subsidized section 8 DO NOT TOUCH RENTS you cannot afford
by that meaning 30% or less of your income.
live in your car if you must or tiny homes live in with a roommate
etc
JUST DO NOT TOUCH those rents. NOR SHOULD YOU BUY.
if you wish to buy just buy land and build tiny home/park a trailer on it.
DO NOT BUILD until they fix the zoning laws.
only buy homes if you need to start a family and you can actually afford them.
please ignore the scam market tyvm.
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