leehopper
Posts:146
 | | 11/28/2007 7:41 PM |
 Alert | | The end is nor as close as you may think....many more will be hurt BEFORE it gets better, even plain land prices are dropping | |
Live today like no one else,
so that tomorrow
you can live like no one else | |
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LeonPotter
Posts:653
| | 11/29/2007 6:34 AM |
Alert | <div class='NTForums_Quote'>Posted By leehopper on 11/28/2007 7:41 PM
The end is nor as close as you may think....many more will be hurt BEFORE it gets better, even plain land prices are dropping</div>
Not that I want to see anyone to be hurt,but I like the idea of raw land prices reducing. | |
My answer WAS "NO" to Q#5 and Q#1.
Proverbs 22:7
The rich ruleth over the poor and the borrower is servant to the lender. | |
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GilaGuy
Posts:789
| | 11/29/2007 6:14 PM |
Alert | <div class='NTForums_Quote'>Posted By LeonPotter on 11/29/2007 6:34 AM
Not that I want to see anyone to be hurt,but I like the idea of raw land prices reducing.</div>
Same here! Things were so overvalued for so long, this correction is long overdue. | | | |
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So.SideCubFan
Posts:95
| | 11/29/2007 10:07 PM |
Alert | | Please.. No more California "Investments"! This is the main reason that we are in this slump! Every time I see the California Licence Plate Lexus driving by flipping through their Real Estate guides it makes me sick! Why can't people earn an HONEST living instead of trying to "Get Rich Fast". I hope that they all get forclosed on.. THANKS! | | | |
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So.SideCubFan
Posts:95
| | 11/29/2007 10:14 PM |
Alert | | Denna... Typical Californian. " I bought two houses for the price of one". | | | |
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LeonPotter
Posts:653
| | 11/30/2007 10:58 AM |
Alert | There are many reasons why we are in "this slump". I'm from CA. My moving here had nothing to do with getting "rich quick". However, I would accept being rich on any timeline.
I don't see anything wrong with making money through investing. I don't see it as dishonest. In fact, there is plenty of work involved. Many skills are utilized. Many "unseen" skills are utilized. I believe patience is one of them. A lack of patience has led to the housing economic "slump". They had to have the "American dream". Even if it meant risking losing it within a short time period later.
Yes, many "investors" were impatient,too. Many of them,like everyone else, are paying the price today. But, I don't believe them to be dishonest. They were/are attempting to be financially independent( having investments pay for living expenses whether or not one draws a wage).
I did own raw land in CA(I was going to build home there). But, prices went up really fast. That's when we were looking at AZ. I took the opportunity to sell in CA(Coincidentally,a builder bought the dirt).But, you won't confuse me with any "California license plate Lexus"driving investor. My ride is a 1995 Mitsubishi Mirage S Coupe(2 door).:o) | |
My answer WAS "NO" to Q#5 and Q#1.
Proverbs 22:7
The rich ruleth over the poor and the borrower is servant to the lender. | |
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So.SideCubFan
Posts:95
| | 11/30/2007 1:34 PM |
Alert | OK Leon.. Maybe I shouldn't have stereotyped all people from California. I have many friends from Cali and I lived there for a year or so as well. It is the upper class that were overbidding on houses and pulling them from under the feet of the Middle Classed worker. Isn't that what drove many of us to Maricopa.
When I was closing on my home, an investor, that happened to be from California, had the nerve to come into the office when we were signing papers and say "I'll give you cash for that house". Not generally directed towards us. He wanted to bypass the waiting list. Perhaps if I was not there, the builder would have taken him up on it.
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LeonPotter
Posts:653
| | 11/30/2007 2:10 PM |
Alert | I believe there is a difference between investor and "speculator". I describe the investor seeking value and doing due diligence in regards to the investor's financial situation. The speculator gives little importance to own financial situation. The only thing of importance is getting in before the highs get higher.
I don't believe an investor is in a hurry to jump into market conditions that have a waiting list of buyers. | |
My answer WAS "NO" to Q#5 and Q#1.
Proverbs 22:7
The rich ruleth over the poor and the borrower is servant to the lender. | |
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yummymom007
Posts:10
| | 12/20/2007 2:36 PM |
Alert | I moved from cali (husband is former miltiary) we were stationed there and could NOT afford to live there. Now compared we have a beautiful house that didn't cost an arm and leg. what's wrong with that? this place is far from ghetto I have lived in ghetto and it isn't this nice....Northeast Houston is GHETTO not Maricopa...
Amanda | |
Amanda
Mom to Kole & Kari
Wife to Ben
Child of God
Author, Even God Forgives | |
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karldotcom
Posts:29
| | 12/21/2007 1:15 PM |
Alert | The only thing bringing more Californians to Maricopa will be the 22,000 inmates released early by Arnold!
>>>>I predict that the fires in CA will bring Californians to Phx area. House sales will start to pick up again in Maricopa. | | | |
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bizybeth
Posts:569
| | 01/11/2008 5:07 PM |
Alert | | Love those babies, yummymom007! How cute! | |
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Azgram01
Posts:285
| | 01/17/2008 8:58 AM |
Alert | According to an article in todays AZ Republic, the "experts" predict housing prices to drop another 5 - 10 percent this year. They also predict that home prices will not return to 2004 levels until the end of 2009 or mid 2010.
For all those who bought homes after 2004....it looks like it is going to be a long time before their homes are worth what they paid for them, and even longer before they have any equity in them. | | | |
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