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I found this quote above from the Open House 6 months later thread – do you guys think that’s true – that anyone who buys a property now is immediately under water?
Yes, because you assume the house will only sell for what you paid for it and you’re out the closing costs.
ENY, given mortgages in US is non-recourse, that home owner walks away from the loan debt free (with respect to that mortgage). In Canada, asia, and many other places around the world, mortgages are recourse loans – ie you own the debt till paid off.
“By bklplebe on October 22, 2010 3:30 PM
Right. low sales and whatever sells is with a price cut. I am not sure what makes you think that the market is not collapsing. whoever buys now is immediately underwater.
I found this quote above from the Open House 6 months later thread – do you guys think that’s true – that anyone who buys a property now is immediately under water?
I found this quote above from the Open House 6 months later thread – do you guys think that’s true – that anyone who buys a property now is immediately under water?
Yes, because you assume the house will only sell for what you paid for it and you’re out the closing costs.
snappy, I’ll double whatever cobble is offering. give me the address now as I KNOW she and BH will be out of the aptmt tonight
“So then what will be that sort of investment?”
No one knows g10, which is why you wanna be exposed to as many asset classes as possible.
All cash has traces of cocaine on it.
Oh and have a good weekend everyone! Heard this for the first time in a long time the other day & it put me in a good mood:
http://bk.ly/uSa
“CGar, what’s the exact address so I can jack her stash (15% cut as commission)”
What’s it worth to you m4l???
Slacking in your Wingman duties lately!!!
ENY, given mortgages in US is non-recourse, that home owner walks away from the loan debt free (with respect to that mortgage). In Canada, asia, and many other places around the world, mortgages are recourse loans – ie you own the debt till paid off.
I’m gonna win the Mega Millions tonight. It’s my turn. I can feel it.
**come on, money. snappy needs a new tube of glitter!**
“By bklplebe on October 22, 2010 3:30 PM
Right. low sales and whatever sells is with a price cut. I am not sure what makes you think that the market is not collapsing. whoever buys now is immediately underwater.
http://www.calculatedriskblog.com/2010/10/clear-capital-sudden-and-dramatic-drop.html”
I found this quote above from the Open House 6 months later thread – do you guys think that’s true – that anyone who buys a property now is immediately under water?