The Stock Market... watch this (here it comes)

[Chizzang]

Yeah, because real estate markets are very stable and Kreugerrands are highly liquid.

Do you have a private nurse who injects your butt with 100cc of Stupidamine every morning?

There is probably no better time than now to buy real estate...
Isn't a Kreugerrand just Gold Bullion..? hasn't gold gone up 25% in that last 12 months and 400% in 5 years..?

[Grizalltheway]

Is it just me, or does citadelgrad seem like a great guy to have a beer with?

[CitadelGrad]

Yeah, because real estate markets are very stable and Kreugerrands are highly liquid.

Do you have a private nurse who injects your butt with 100cc of Stupidamine every morning?

There is probably no better time than now to buy real estate...
Isn't a Kreugerrand just Gold Bullion..? hasn't gold gone up 25% in that last 12 months and 400% in 5 years..?

Real estate is cheap now, but that doesn't mean it has a lot of upside in the near future, especially is the recession is a double-dipper. You can buy Krugerrands, but why not invest in GLD SPDR? If you want to sell Krugerrands it takes a lot more effort and a lot more time to unload them -- more than a few clicks of the mouse.

[travelinman67]

Real estate is cheap now, but that doesn't mean it has a lot of upside in the near future, especially is the recession is a double-dipper.

Multi-family residential. Revenue generating and will only continue to improve. I have applicants lined up waiting for vacancies to open up.

[OL FU]

Real estate is cheap now, but that doesn't mean it has a lot of upside in the near future, especially is the recession is a double-dipper.

Multi-family residential. Revenue generating and will only continue to improve. I have applicants lined up waiting for vacancies to open up.

I'll be cliche, Location Location well you know the drill. There are always buys in real estate unless we are in a bubble. But the bubble is over.

Multi-family is certainly dependant upon where you are. Greenville market which is usually more stable than mosts is far from hot. not terrible, but physical occupancies are in the high 80s low 90s. Economic occupancy (after concessions) is not close to that number.

[Col Hogan]

Multi-family residential. Revenue generating and will only continue to improve. I have applicants lined up waiting for vacancies to open up.

I'll be cliche, Location Location well you know the drill. There are always buys in real estate unless we are in a bubble. But the bubble is over.

Multi-family is certainly dependant upon where you are. Greenville market which is usually more stable than mosts is far from hot. not terrible, but physical occupancies are in the high 80s low 90s. Economic occupancy (after concessions) is not close to that number.

Here in Northern VA, given how much houses have dropped in value, it's cheaper these days to buy than to rent...

So, it's situational dependent...if you don't plan to stay here too long...you are stuck renting at a rather high rate...

If you have the downpayment and are planning to stay...buying is the way to go...

[OL FU]

One thing that is interesting is that corporate profits are still pretty good and most balance sheets have really strengthened since 2008. So I do think a lot of the market is confidence. On the other hand people could be waiting for the election but not necesarily for the reason that cleets said. We know the market loves gridlock and may turn some once it has been established. Another thing I thought about though is will there be a lot of sellers at the end of the year from a concern about rising capital gains taxes. That could keep the market low. On the other hand people have to have gains to worry about that.

[OL FU]

I'll be cliche, Location Location well you know the drill. There are always buys in real estate unless we are in a bubble. But the bubble is over.

Multi-family is certainly dependant upon where you are. Greenville market which is usually more stable than mosts is far from hot. not terrible, but physical occupancies are in the high 80s low 90s. Economic occupancy (after concessions) is not close to that number.

Here in Northern VA, given how much houses have dropped in value, it's cheaper these days to buy than to rent...

So, it's situational dependent...if you don't plan to stay here too long...you are stuck renting at a rather high rate...

If you have the downpayment and are planning to stay...buying is the way to go...

One of the things that keeps apartment rents lower here is the barrier to entry is not significant. There is still plenty of land within close proximity to the city to throw up and apartment quickly if the market turns. I would imagine that is not the situation in Northern Virginia.

[89Hen]

Here in Northern VA, given how much houses have dropped in value, it's cheaper these days to buy than to rent...

So, it's situational dependent...if you don't plan to stay here too long...you are stuck renting at a rather high rate...

If you have the downpayment and are planning to stay...buying is the way to go...

A little inaccurate IMO. It's still "cheaper" to rent. You can't possibly buy anything with less than 30-40% down and rent it for enough to cover your monthly PITI. That said, there are some bargains out there to buy.

[AZGrizFan]

Real estate is cheap now, but that doesn't mean it has a lot of upside in the near future, especially is the recession is a double-dipper.

Multi-family residential. Revenue generating and will only continue to improve. I have applicants lined up waiting for vacancies to open up.

Here in AZ we're seeing plenty of apartment vacancies as illegals scatter like cockroaches to Mexico and the neighboring states.

[ATrain]

Here in Northern VA, given how much houses have dropped in value, it's cheaper these days to buy than to rent...

So, it's situational dependent...if you don't plan to stay here too long...you are stuck renting at a rather high rate...

If you have the downpayment and are planning to stay...buying is the way to go...

A little inaccurate IMO. It's still "cheaper" to rent. You can't possibly buy anything with less than 30-40% down and rent it for enough to cover your monthly PITI. That said, there are some bargains out there to buy.

Actually I got an FHA loan w/ only 5% down here in Roanoke, VA. There's not much difference between my house payment (2 bed, 1.5 bath) and rent for a single bedroom apartment. Plus I also got $8,000 from the federal government for buying...of course Tea Party principles say our country can't afford to give me $8,000 (and I admit that it cannot), but the practicality of my wallet says SHOW ME THE MONEY!!!! (and I'm sure any Tea Partier would've done the same thing).

[AZGrizFan]

Tea Party principles say our country can't afford to give me $8,000 (and I admit that it cannot), but the practicality of my wallet says SHOW ME THE MONEY!!!!

Yep. Surprise, surprise. Another gravy-trainin' liberal.

[houndawg]

Tea Party principles say our country can't afford to give me $8,000 (and I admit that it cannot), but the practicality of my wallet says SHOW ME THE MONEY!!!!

Yep. Surprise, surprise. Another gravy-trainin' liberal.

We don't make the rules Z, we just play by them.

15 year fixed rate, no points, 3.875%.

[ATrain]

What houndawg said...I mean, I wasn't in favor of the stimulus, but since it happened, might as well take advantage and enjoy it now and be miserable when we're like Greece rather than be miserable now and when we're like Greece.

Anyway, BB&T (BBT) is paying a .15/share dividend to shareholders on records as of July 9. Its at 26.55 right now, in the middle of its 52-week range. I'm going to bet it goes up as people buy to take advantage of its dividend before going down again. Let's hope I win this one.

[houndawg]

Is it just me, or does citadelgrad seem like a great guy to have a beer with?

You'd have anger management issues too if you had to dress like a bell hop in your formative years and take regular buggerings from the upperclassmen.




Also sodomy.

[Chizzang]

Tea Party principles say our country can't afford to give me $8,000 (and I admit that it cannot), but the practicality of my wallet says SHOW ME THE MONEY!!!!

Yep. Surprise, surprise. Another gravy-trainin' liberal.

Az '
I laugh at your posts... you bring joy to my crusty old heart
(You are one funny son-of-a-bitch and you know it)

[Appaholic]

Tea Party principles say our country can't afford to give me $8,000 (and I admit that it cannot), but the practicality of my wallet says SHOW ME THE MONEY!!!!

Yep. Surprise, surprise. Another gravy-trainin' liberal.

...sez the receipient of the GI Bill...

[93henfan]

[travelinman67]

Here in Northern VA, given how much houses have dropped in value, it's cheaper these days to buy than to rent...

So, it's situational dependent...if you don't plan to stay here too long...you are stuck renting at a rather high rate...

If you have the downpayment and are planning to stay...buying is the way to go...

One of the things that keeps apartment rents lower here is the barrier to entry is not significant. There is still plenty of land within close proximity to the city to throw up and apartment quickly if the market turns. I would imagine that is not the situation in Northern Virginia.

Regional.

Out in the west, cost of new construction has become prohibitive. All the smart LLC's have headed to the southwest/midwest. The best deals will be coming up in the next 5-10 years as smaller LLP/LLC's dump smaller multi-family to clean up the balance sheet. Most have remediation issues due to code "enhancements" (out in CA, it's Title 24 and the new energy efficiency codes being added by AB32 - the "save the world" law Arnie and the Dums created). Much of it was crafted to benefit union HVAC/Mechanical/Electrical contractors...but what they WEREN'T expecting was Genl. Liab. underwriters bowing out of their previously mandatory requirement that improvements be completed by hired "licensed" contractors. I'm doing two deals with a previously "licensed" contractor who's no longer signatory, making him a partner in a joint venture which makes him part owner of the project...ergo, his buy-in is his work. Much, much cheaper...and in the long run, financially beneficial to both.

Fuck the unions.

[mainejeff]

That chick needs a bra......or a boob lift BIG TIME!

[Col Hogan]

Yep. Surprise, surprise. Another gravy-trainin' liberal.

...sez the receipient of the GI Bill...

Apples and oranges...

G.I. Bill - You gotta serve...you have to work for it...

Tax Break - You gotta breath...no work required...

[Appaholic]

...sez the receipient of the GI Bill...

Apples and apples...

G.I. Bill - the government provides something for you in return for your service

Tax Break - the government provides something for you in return for income tax withheld from your earnings...

fify....I don't begrudge Tommy Soldier his GI Bill, he shouldn't begrudge John Q. Taxpayer his tax break...

[Col Hogan]

Apples and apples...

G.I. Bill - the government provides something for you in return for your service

Tax Break - the government provides something for you in return for income tax withheld from your earnings...

I don't begrudge Tommy Soldier something he worked for, he shouldn't begrudge John Q. Taxpayer his free hand out...

fify...

[Appaholic]

I don't begrudge Tommy Soldier something he worked for, he shouldn't begrudge John Q. Taxpayer his free hand out...

fify...

Speaking of free handouts, can I call it "volunteering to serve" at my job? I mean, technically, if soldiers are getting paid, then is it really serving your country? Well, maybe like the waitress "served" my meal last night.....

[93henfan]

WTF Chizz?