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11-10-2008, 06:57 PM
Thread: Real Estate Crash thread
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Are YOU one of THOSE homeowners who thinks your...
Are YOU one of THOSE homeowners who thinks your home's value has risen or stayed level??? Good article on what we real estate agents are still dealing with out there in the market...
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11-10-2008, 06:46 PM
Thread: Real Estate Crash thread
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Link to series of 3 videos from NBC Nightly News...
Link to series of 3 videos from NBC Nightly News about newer Indy Mac Bank program to avoid foreclosures. Sounds like its NOT forgiving any principal, but does drop interest rate and extend term of...
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11-05-2008, 10:15 PM
Thread: Real Estate Crash thread
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Every once in a while I am reminded there are...
Every once in a while I am reminded there are sometimes silver linings to even big turds. I say let these bastards lie in the bed they helped make;
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10-29-2008, 01:17 AM
Thread: Real Estate Crash thread
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Good luck!!! No matter what happens next week...
Good luck!!! No matter what happens next week we'll be here, and ready to help you bitch about it!!! :smile:
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10-28-2008, 10:01 PM
Thread: Real Estate Crash thread
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md9, thanks for all the time to fill those blanks...
md9, thanks for all the time to fill those blanks in!!!!!! :yourock: Kind of what I had in mind back in my 20's, but I had planned to start with 4 family properties. But, life (read wife, 4 kids by...
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10-28-2008, 10:06 AM
Thread: Real Estate Crash thread
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The ARM issue is somewhat more complicated IMHO....
The ARM issue is somewhat more complicated IMHO. I'd say you could simplify it into two major groups, with some stuff muddled in between. You had the traditional 1 or 3 year ARMs, with rates only...
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10-28-2008, 09:54 AM
Thread: Real Estate Crash thread
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Benny, first... my attempt here is NOT to change...
Benny, first... my attempt here is NOT to change your opinion on this market crash/correction, but I do think "wisdom" settles on the side of doing something to try and moderate the worst effects...
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10-28-2008, 12:53 AM
Thread: Real Estate Crash thread
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Love the photos of all your places BTW. Keep them...
Love the photos of all your places BTW. Keep them coming!
A couple quick questions, for the $5,500 my math sez you have spent on the rehab... can I ask about what part you spend where??? I see;
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10-28-2008, 12:37 AM
Thread: Real Estate Crash thread
by timvwcom- Replies
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Obviously not my plan, but I'll argue that side...
Obviously not my plan, but I'll argue that side just cuz I like arguing. If this real estate/financial/economic crash gets much worse, and banks have to start marking their loan assets down or off...
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10-28-2008, 12:24 AM
Thread: Real Estate Crash thread
by timvwcom- Replies
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No... never accepted a free lunch offer for a...
No... never accepted a free lunch offer for a recruiting call. Keep in mind that in real estate we agents are really interviewing the companies we'd work for. Companies are whores, they'll accept...
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10-28-2008, 12:18 AM
Thread: Real Estate Crash thread
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Lets say someone decided back in 2005 they'd like...
Lets say someone decided back in 2005 they'd like to buy a home as they have their first kid on the way. They've put their finances in order, payed off the credit cards, saved up some money, then...
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10-20-2008, 02:50 AM
Thread: Real Estate Crash thread
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As a real estate agent, I have paid attention to...
As a real estate agent, I have paid attention to the different plans I've read over the last months to somehow "solve" our current real estate and economic melt down... But it's always been hard to...
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10-17-2008, 10:06 PM
Thread: Real Estate Crash thread
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Probably a good business move for someone with a...
Probably a good business move for someone with a stable firm in this market... If you can capture those agents who are able to withstand this market now, when the market turns around your company...
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10-16-2008, 01:26 AM
Thread: Real Estate Crash thread
by timvwcom- Replies
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Oh brother...
Oh brother...
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10-02-2008, 04:24 PM
Thread: Real Estate Crash thread
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How long of lease back term? Renewable at their...
How long of lease back term? Renewable at their or your option?
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09-29-2008, 11:41 AM
Thread: Real Estate Crash thread
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But what if $700,000,000,000.00 doesn't actually help prevent a melt down???
They just wrapped up discussion in the House and started the voting, the Senate is scheduled to vote on Wednesday... let's assume this $700 billion Wall Street bail out/rescue passes and is signed...
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09-14-2008, 09:30 PM
Thread: Real Estate Crash thread
by timvwcom- Replies
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A small specific thread here in Padded Room......
A small specific thread here in Padded Room... but the more robust one is in the PolAss; https://www.tetongravity.com/forums/showthread.php?t=132644
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09-12-2008, 06:12 PM
Thread: Real Estate Crash thread
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Foreclosures still getting worse... no chance...
Foreclosures still getting worse... no chance real estate market can start to recover until this pattern reverses course. I had hopes for 2009, now that is dimming... such fun! :rolleyes2 :mad:
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09-05-2008, 08:47 PM
Thread: Real Estate Crash thread
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^^^ Probably pushed by this; U.S. Mortgage...
^^^ Probably pushed by this;
U.S. Mortgage Foreclosures, Delinquencies Reach Highs -
09-05-2008, 08:42 PM
Thread: Real Estate Crash thread
by timvwcom- Replies
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Aaaahhh... SHIT! Looks like it's gonna go down; ...
Aaaahhh... SHIT! Looks like it's gonna go down;
Fannie Mae, Freddie Mac to be Put Under Federal Control, Sources Say
(Edit: Adding some comments of my own above - in green) -
08-17-2008, 10:35 PM
Thread: Real Estate Crash thread
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Hopefully IF it goes down, it does so after this...
Hopefully IF it goes down, it does so after this current cheat-em-blind group is gone... I could've see them rescuing it on our dime, then selling it to Halliburton on the cheap.
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08-14-2008, 10:45 AM
Thread: Real Estate Crash thread
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More indication this hole is getting deeper......
More indication this hole is getting deeper... Fuck!
US foreclosure filings surge 55 percent -
08-13-2008, 12:50 AM
Thread: Real Estate Crash thread
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I'll take a few dozen of the "100% decrease in...
I'll take a few dozen of the "100% decrease in price" properties please... :rolleyes2
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08-11-2008, 12:46 PM
Thread: Real Estate Crash thread
by timvwcom- Replies
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Looks like any predictions we've hit bottom...
Looks like any predictions we've hit bottom already might have been premature... not that it's a surprise;
Federal Reserve finds deepening credit crisis -
07-13-2008, 09:17 PM
Thread: Real Estate Crash thread
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THANK GOD for the smiley face!!! Without it, the...
THANK GOD for the smiley face!!! Without it, the end of civilization would certainly be too difficult to endure... :)
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07-13-2008, 04:44 PM
Thread: Real Estate Crash thread
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Bush to ask for Freddie/Fannie rescue plan...
Bush to ask for Freddie/Fannie rescue plan...
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07-11-2008, 05:26 PM
Thread: Real Estate Crash thread
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I've heard it's also darkest while your eyes are...
I've heard it's also darkest while your eyes are trying to adjust to the dirt completely covering your head when it's being shoveled into the hole where your hogtied body is laying... As a Real...
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07-10-2008, 11:31 PM
Thread: Real Estate Crash thread
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If you are a US tax payer... probably time to go...
If you are a US tax payer... probably time to go shopping for some decent lube. Even with good stuff it's gonna hurt REAL BAD if you get bent over by a FAILURE LIKE THIS (yet another catastrophe...
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06-05-2008, 09:07 PM
Thread: Real Estate Crash thread
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More good news from the "Bush economy"... ...
More good news from the "Bush economy"...
Nearly 1 in 10 Homeowners Face Loan Problems
http://graphics8.nytimes.com/images/2008/06/06/business/0606-biz-webMORTGAGE.jpg -
05-13-2008, 01:31 AM
Thread: Real Estate Crash thread
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Always hard for an individual Agent to judge the...
Always hard for an individual Agent to judge the market, since we only see our own little slices at a time. But I've had maybe my busiest single month in 8 or 10 years? Should settle in around 2.5...
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04-14-2008, 11:07 PM
Thread: Real Estate Crash thread
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Benny, read that earlier and was a bit...
Benny, read that earlier and was a bit surprised... I guess I shouldn't have been. The beginning paragraphs do a good job describing it;
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04-04-2008, 10:37 PM
Thread: Real Estate Crash thread
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Lenders Swamped By Foreclosures Let Homeowners...
Lenders Swamped By Foreclosures Let Homeowners Stay
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03-27-2008, 11:33 AM
Thread: Real Estate Crash thread
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Liar! :D
Liar! :D
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03-25-2008, 12:46 PM
Thread: Real Estate Crash thread
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I'd guess this approach will work fine... They...
I'd guess this approach will work fine... They have incentive to keep you happy as well as close the deal.
Enjoy the new place!!! When is the first party? -
03-25-2008, 12:32 PM
Thread: Real Estate Crash thread
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Well... If you would have had an "attorney"...
Well... If you would have had an "attorney" review the contract you might not have had this issue? :fmicon:
Sorry, sometimes just can't help myself. In my experience here in our market, the... -
03-25-2008, 11:50 AM
Thread: Real Estate Crash thread
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CONGRATS again on that!!!
CONGRATS again on that!!!
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03-25-2008, 10:47 AM
Thread: Real Estate Crash thread
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I'd just like to remind the assembled that MOST...
I'd just like to remind the assembled that MOST (if not all) of these reports on "price increase/decrease" or "home value increase/decrease" are BASED ON USING AN AVERAGE OR MEDIAN SOLD PRICE and not...
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03-24-2008, 11:40 AM
Thread: Real Estate Crash thread
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OP (& one more) quoted for proof of Benny's...
OP (& one more) quoted for proof of Benny's omniscience...
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03-16-2008, 10:49 PM
Thread: Real Estate Crash thread
by timvwcom- Replies
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Sorry! You've got the process all wrong... Your...
Sorry! You've got the process all wrong... Your local government does NOT collect your property taxes based on the assessment each year, quite the reverse... they set the tax rate based on assessed...
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03-13-2008, 12:15 PM
Thread: Real Estate Crash thread
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How 'bout them apples? Freddie Mac sees home...
How 'bout them apples?
Freddie Mac sees home prices falling further -
02-22-2008, 09:39 AM
Thread: Real Estate Crash thread
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rideit, how much has your market "corrected" so...
rideit, how much has your market "corrected" so far? Last we chatted I think you said it was slow but not down yet, still so? ^^^ On REofJH dude/dudette; Buy low, sell high? If you can afford it,...
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02-22-2008, 01:10 AM
Thread: Real Estate Crash thread
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Glum forecast for much of suburbia... walkable...
Glum forecast for much of suburbia... walkable urban neighborhoods the desire of tomorrow;
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01-28-2008, 11:36 AM
Thread: Real Estate Crash thread
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Biggest drop EVER in new home sales... ...
Biggest drop EVER in new home sales...
http://money.cnn.com/2008/01/28/news/economy/newhomes/index.htm?cnn=yes -
01-24-2008, 04:51 PM
Thread: Real Estate Crash thread
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Had not heard before they were considering THIS...
Had not heard before they were considering THIS as part of stimulus pkg??? Cross posting here and Economic Stimulus thread...
http://www.msnbc.msn.com/id/22826663/ -
01-22-2008, 11:44 PM
Thread: Real Estate Crash thread
by timvwcom- Replies
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Yeah, I saw that at NYT... That certainly is one...
Yeah, I saw that at NYT... That certainly is one extra issue in a down market. I can see two sides in that story;
On the agent; without lots more info on agency specifics and his actions in this... -
01-22-2008, 09:46 PM
Thread: Real Estate Crash thread
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Cal-I-forni-a... also needing a wrecker. ...
Cal-I-forni-a... also needing a wrecker.
http://www.businessweek.com/ap/financialnews/D8UB48M81.htm -
12-26-2007, 08:57 PM
Thread: Real Estate Crash thread
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As you can see MD9 saying... If you find a good...
As you can see MD9 saying... If you find a good deal and can arrange financing, it can be a FANTASTIC time to buy; providing you won't need to resell it within a few years. The issue is the selling...
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12-26-2007, 06:06 PM
Thread: Real Estate Crash thread
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Hold on tight ladies... I also see (Edit; maybe...
Hold on tight ladies... I also see (Edit; maybe read "feel" here?) signs this could be bumpy for a couple years?
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11-21-2007, 10:24 PM
Thread: Real Estate Crash thread
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Well as a real estate broker and a 44 year old...
Well as a real estate broker and a 44 year old (current) "Midwesterner"... I read the above article on Florida condo fraud with two minds; The broker in me thinks "how can they get away with this...
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10-23-2007, 11:49 PM
Thread: Real Estate Crash thread
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Me? None... in fact in nearly 23 years I've had...
Me? None... in fact in nearly 23 years I've had only a couple transactions that fell thru regards anything with financing. And only had a handful that went kaput due to inspections. BUT, have had to...
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