Still.....the disparity gap widens...... - PeachParts Mercedes-Benz Forum

Skid Row Joe · #1 03-30-2011, 12:46 AM

Subsidized Housing for Millionaires......

http://www.thomasjstanley.com/blog-articles/242/Subsidized_Housing_for_Millionaires_html

Skid Row Joe · #2 03-30-2011, 12:58 AM

You may ask,"who has enough cash to pay for a home in today's economic climate?" Certainly the millionaire next door types do. Often, in down times, they inventory homes of this type, reselling them when the market improves. Some lease these homes;....."

Exactly!

jplinville · #3 03-30-2011, 06:21 AM

We paid cash for our home last month. We plan on picking up a few more in this area, due to the very low prices, and leasing them out 'til the market bounces up again.

I'm NOT a millionaire...just someone savy to wise investments.

2001ML270CDI · #4 03-30-2011, 06:25 AM

Buy when the markets down, sell when its up. No different than shares.

pj67coll · #5 03-30-2011, 10:43 AM

Quote:

Originally Posted by jplinville

We paid cash for our home last month. We plan on picking up a few more in this area, due to the very low prices, and leasing them out 'til the market bounces up again.

I'm NOT a millionaire...just someone savy to wise investments.

Or a parasite.

- Peter.

Hatterasguy · #6 03-30-2011, 11:02 AM

Quote:

Originally Posted by pj67coll

Or a parasite.

- Peter.

What?

Everything is cash these days because the ROI on other investments sucks and banks are not really lending. Cash sales are not always cash sales for the buyer but show up as such, a lot of them are private money.

pj67coll · #7 03-30-2011, 11:07 AM

Quote:

Originally Posted by Hatterasguy

What?

Everything is cash these days because the ROI on other investments sucks and banks are not really lending. Cash sales are not always cash sales for the buyer but show up as such, a lot of them are private money.

People who buy multiple homes as "investments" are parasites in my opinion.

- Peter.

Hatterasguy · #8 03-30-2011, 11:09 AM

How so? What's wrong with investing in real estate its quite profitable if done right.

lorainfurniture · #9 03-30-2011, 11:10 AM

Quote:

Originally Posted by pj67coll

People who buy multiple homes as "investments" are parasites in my opinion.

- Peter.

You would rather see them abandoned and boarded up?

#10 03-30-2011, 11:11 AM

Quote:

Originally Posted by pj67coll

People who buy multiple homes as "investments" are parasites in my opinion.

- Peter.

Someone wanted to sell a house and he bought it, sounds like a win-win to me.

pj67coll · #11 03-30-2011, 12:41 PM

Quote:

Originally Posted by lorainfurniture

You would rather see them abandoned and boarded up?

I would rather see homes regarded as "homes". Places that familys can afford and which are regarded as a place to raise a family over the long term. In other words a traditional American outlook rather than the Vegas mentality of regarding houses as slot machines.

- Peter.

tbomachines · #12 03-30-2011, 12:56 PM

Quote:

Originally Posted by pj67coll

I would rather see homes regarded as "homes". Places that familys can afford and which are regarded as a place to raise a family over the long term. In other words a traditional American outlook rather than the Vegas mentality of regarding houses as slot machines.

- Peter.

You know, not everyone can and wants to own a house. I guess I should consider myself a parasite (or a feeder?) for renting the last 5 years

dynalow · #13 03-30-2011, 01:05 PM

The bottom that is...

http://www.washingtonpost.com/business/drop-in-home-prices-raises-fear-of-double-dip/2011/03/29/AFHXOmwB_story.html

Home prices dropped in nearly all major housing markets in the country in January, according to price index numbers released Tuesday. Analysts said the decrease might be a harbinger of a double-dip recession in the housing market....................

compress ignite · #14 03-30-2011, 01:08 PM

I can "Get In" pj67coll's head about R.E. investment only as far as:
UNREGULATED R.E.,Mortgage Banking,Investment Banking,Etc. Have ALMOST
destroyed the Planet's Financials [WITH NO ONE INCARCERATED,to Date]
WITH NO RELIEF IN SIGHT...It's still "Business as Usual" World Wide.

Wait until the Commercial R.E. Mortgage Bubble Collapses !

Youse think youse seen Wailing and Nashing of Dentals? 'Recently?

lorainfurniture · #15 03-30-2011, 01:33 PM

Quote:

Originally Posted by pj67coll

I would rather see homes regarded as "homes". Places that familys can afford and which are regarded as a place to raise a family over the long term. In other words a traditional American outlook rather than the Vegas mentality of regarding houses as slot machines.

- Peter.

My few rentals ARE homes. Some people either cant afford, or do not want the responiblity of owning a home. I have no intentions on selling them any time soon, as they supplement my income. The days of "flipping" homes has passed. Anybody buying now is going to hang on to them for a while before turning any kind of profit.