DIBS, renting does NOT preclude permanently someone from buying later. real estate is cyclical, can buy when it tanks at a future time if so desired. Just look at how those fools who HAVE TO BUY at the recent peak is doing.
What do you think if someone paid 820k for a two family house, put in additional 100-200K of renvations and after 4 years, they are looking to sell at 850k? The closest comp is half a block away that sold recently (within last couple of months) for 651k? Any possibilities this sale at 850k would go thru?
I agree with Lech about Kirschner. She has caused chaos with the agricultural producers there by taxing to the point of expropriation, exports of agricultural products. Basically, there are NO farmer supports of ANY kind but when world commodity prices rose, she wacked farmers with a 40% export tax (naturally to re-redistributed to less fortunate — please add sentimental music and lift eyes upward). By doing this, she effectively helped to shoot the country’s only seriously productive economic sector in the foot.
And DeLepp…buying there is scary. Actually from an investor’s perspective, Argentina has always been scary.
Also, she tapped into the country’s social security system, draining it, for expenses.
DIBS, renting does NOT preclude permanently someone from buying later. real estate is cyclical, can buy when it tanks at a future time if so desired. Just look at how those fools who HAVE TO BUY at the recent peak is doing.
you get 3 seasons in BA
What do you think if someone paid 820k for a two family house, put in additional 100-200K of renvations and after 4 years, they are looking to sell at 850k? The closest comp is half a block away that sold recently (within last couple of months) for 651k? Any possibilities this sale at 850k would go thru?
I agree with Lech about Kirschner. She has caused chaos with the agricultural producers there by taxing to the point of expropriation, exports of agricultural products. Basically, there are NO farmer supports of ANY kind but when world commodity prices rose, she wacked farmers with a 40% export tax (naturally to re-redistributed to less fortunate — please add sentimental music and lift eyes upward). By doing this, she effectively helped to shoot the country’s only seriously productive economic sector in the foot.
And DeLepp…buying there is scary. Actually from an investor’s perspective, Argentina has always been scary.
By more4less on April 28, 2011 2:39 PM
bxgrl, if real estate is that crazy, I’ll just rent. there is no such thing as “HAVE TO BUY/OWN”
That’s fine if you want to be paying rent to THE MAN for the rest of your life.
lech, she has somehow missed reading arg history with financial snafus.
Do you get 4 seasons in BA??? I don’t think so.
bxgrl, if real estate is that crazy, I’ll just rent. there is no such thing as “HAVE TO BUY/OWN”