i wish we did i'd be closing about $15-20m/month.

but i was just in Playa Del Carmen for the last two weeks and met with a realtor. they don't know what flipping is there (well they don't know the term) it seems to be a common practice. looks like it might be time for international real estate investments.

 

My nextdoor neighbors sold their house in 6 days...that makes me feel good.

 

I was thinking about buying a house, but the hurricane delayed that idea for a while.

 

we will be ok here in TX, we're still in an underpriced market.

http://money.cnn.com/pf/features/lists/home_valuations/

i had a newer list but can't locate it now.

 

My cars are paid off, home more than 1/2. Definitely the best investment I've ever personally made. Bought at the end of 01 for ~$200k, just appraised for ~$500k and people are selling around me for more than that. Of course it's all on paper, but it's nice to see

The good news about the DC area is that the high home prices are mostly tied to the Government and Gov't. support industry (lobbying, law, consulting, contracting, etc.), which (unlike a lot of .coms etc) isn't going anywhere anytime soon.

 

No doubt. I was looking at prices on Homes.com and I was seriously thinking about selling my house and moving down there to semi-retire. Obviously there are very expensive areas there, but man, I was looking at some large, brand-new houses (5 bedrooms, etc.) in nice areas for under $300k...

 

Absolutely! If you don't mind being 20 miles or so from downtown, it's very do-able. Plus, North Dallas is developing so much, almost no need to go downtown.

 

yeah we closed in nov 03 purchase price $216k 3075sqft 4/3/4...yes 4 car garage. our subdivision is almost finished last time i talked to the builder he told me they are all $25-40k higher.

 

I'm thinking about buying a home in Dallas and leaving it there until I move up there in a couple of years. Cheap homes that will go up in market value big time in the future.

 

4 car garage! Lucky SOB.

We bought pre-existing, it was built in 1997, we closed Sept 03, $212k, 2700sqft, 3br/2.5ba/3lr/2garage. Awesome location though, especially now that they finished GB tollway all the way to 635.

Had the house reappraised when we refinanced about 6 months ago and came in at $242k. That's what we like to hear!

 

Trust me, he owns his home. It is a very nice, brand new, 4 bedroom, 2 bathroom brick house in a beautiful and popular location. Moreover, he bought it at the perfect time.

Your "friends" in the military are probably pretty junior, single, and living in non-choice housing allowance locations. 60k a year is not uncommon for senior NCO's and Junior Officers.

Don't make baseless accusations about people when you don't know what in the hell you are talking about.


That said, the wind will be taken out of the real estate bubble's proverbial sails very soon. There are too many people leveraging real estate on Interest Only, and ARMs. This combined with rampant inflation and rising interest rates is a recipe for disaster in the housing market.

Mark my words. And when real estate faulters, that money will most likely go into the stock markets. There is always somewhere to have your money make money for you.

 

BADWRX,

I can't believe that someone would question me on that. But I guess that a lot of people lie about things. I would post a picture of the documentation showing that it is paid off but there is entirely too much personal information on it.

BADWRX and I have known and worked together for many years, he too is financially stable and doing extremely well in his military career. Please loose the sterotype that military personnel don't know how to save and buy smartly enough to own a home. BTW I paid the house off in less than 2 years. I put 70% down and got sick of making less interest on a CD (making 4.54% interest) that I was paying on my 15 year Bi-weekly mortgage payments (at 4.625% interest rate). So I cashed the CD, sold my 550RWHP/ 602 RWTQ 300ZX TT, and bought BADWRX's EVO. With the money that I made from my car combined with the CD money and some savings I was able to pay the house off in full. BTW my 04' EVO is financed at 2.9% interest, which is alomost half of what the mortgage was. Now any further explanation would be to much. If you don't believe me now then you can (fill in the blank). I did not obtain any money from an enheritance! I planned, saved and sacrificed a lot to get where I am. Thank you for the open dialog though.

Good luck in all of your endeavors!

-Nate

 

I'm stuck in the dorms for awhile

 

Thats cool at least your getting a higher education!

-Nate

 

20, live with my parents looking to buy a house and have 2 buddies move in and pay some rent.