http://www.floridarealtors.org/NewsAndEvents/n1-121107.cfm
figured some of you may like this.
please note this does not directly reflect my opinion..... but it may
Replies
35
Beach Fanatic
Best time to buy is in 8.5 hours. Listen close we are going to ring a bell..... I call it the bottom bell. Only true believers can hear it. The bell represents the true spirit of Real Estate.
Beach Fanatic
True story!
Beach Fanatic
You are a funny kid BJ. You should probably lay off the Christmas Specials though.
Beach Fanatic
For those who do "invest" in real estate, the best time to buy is when the numbers make sense--and now ain't it.
.
What would they be, Shel? 36-24-36 ?
any "number" is still speculation..stay long term in RE and you will have a good return.
For that matter even short term RE investments can pay.
after all... those pre construction condo flippers DID make a killing during a very short window.
..as a British expat, you must surely believe in real estate as a good investment?:roll:
Beach Fanatic
What would they be, Shel? 36-24-36 ?Paraphrasing a fave movie line..dsilvar treats real estate like women man.
any "number" is still speculation..stay long term in RE and you will have a good return.
For that matter even short term RE investments can pay.
after all... those pre construction condo flippers DID make a killing during a very short window.
..as a British expat, you must surely believe in real estate as a good investment?:roll:
SoWal Insider
For that matter even short term RE investments can pay. after all... those pre construction condo flippers DID make a killing during a very short window.
..
....and so did the people who were selling Beanie Babies.
Tom-ay-to, To-mah-to.
.
Beach Fanatic
....and so did the people who were selling Beanie Babies.
Tom-ay-to, To-mah-to.
.
What? Beanie babies are not huge? You dream popper!
SoWal Insider
What? Beanie babies are not huge? You dream popper!
They just had a "Soft Landing" too(...like a fly diving into a pile of ****):roll:
.
Edited
Beach LoverAuthor
I heard the bell this morning bobby.
Beach Comber
Shelley wrote:
The credit situation is more serious than folks imagine or are willing to admit. The majority of housing isn't going anywhere but down and sideways until that is straightened out. How the housing market performs is now in the hands of well-financed, pragmatic people--and they're in no rush to buy.
Good point Shelley.
From what I have been reading it would seem that in future, a buyer who puts up less than 30-40% equity (or wants to finance more than 70%) will face some additional charges and fees and may also have a higher interest loan.
I would think that the largest demographic of potential buyers for SoWal properties would not have had any credit problems under even the strictest of yesterday's standards but if these new rules come into effect it will reduce the size of this demographic considerably. I would think that an additional $200 to $400 a month for food, heating/cooling, gasoline etc. will be another important aggravating factor
The credit situation is more serious than folks imagine or are willing to admit. The majority of housing isn't going anywhere but down and sideways until that is straightened out. How the housing market performs is now in the hands of well-financed, pragmatic people--and they're in no rush to buy.
Good point Shelley.
From what I have been reading it would seem that in future, a buyer who puts up less than 30-40% equity (or wants to finance more than 70%) will face some additional charges and fees and may also have a higher interest loan.
I would think that the largest demographic of potential buyers for SoWal properties would not have had any credit problems under even the strictest of yesterday's standards but if these new rules come into effect it will reduce the size of this demographic considerably. I would think that an additional $200 to $400 a month for food, heating/cooling, gasoline etc. will be another important aggravating factor
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