So many holes in what you just posted.
Just so I'm clear. You claim that if someone in So Cal purchased a home in 91 and sold it in 94 that they did better then 5%?
Essential Economics for Politicians
- Thread starter Bruddah IZ
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- finance too
Just so I'm clear. You claim that if someone in So Cal purchased a home in 91 and sold it in 94 that they did better then 5%?
Duh, the stock market is worse than loaning at 5% too, if you invested in ‘07 and sold in ‘09. You can join the class I’m going to give Iz.
Bruddah IZ
DA
No. The bank still has the primary lien on it via a DOT and Promissary note. Am I confusing you?
I’m sorry you are unable to pay off your mortgage. Save up, you can do it
Or sell. Unless you have financial problems, you can almost always sell real estate at a nice profit
Are really this stupid or are you just trying to act like it?
So, just sell? Like in my example I gave you of buying in 91 and selling in 94? So by selling you lock in your losses, as in no profit. As in less then 5%.
If you noticed, I said “unless you have financial problems...” you don’t sell a house that’s underwater because you need the money unless you have financial problems. I should say ALMOST everybody makes more money on houses than on making loans at 5%. i guess not you and Iz. Maybe it’s that “uneducated white male” Trump demographic, right?
Bruddah IZ
DA
Itʻs a liability for me and an asset for the bank just like in your example. Thatʻs how home loans work. Any questions?
So answer the question. Between 91 and 94 did your real estate portfolio make you money or lose you money? Your such an idiot. You should have stuck with your original screen name.
Bruddah IZ
DA
What's the original screen name?
Why are you so obsessed with the one period in the last 30 years that real estate dipped? Did you get hurt by it?
Messy is " messy " with his financial " valuations ".....
His logic is why the housing market took a leaping shit in 07 - 08...
Messy = Barney Frank Logic
Pulling out " estimated " value and then owning an over encumbered
piece of real estate or letting the bank take the risk upon repossession
before or after a sale was one of the key failings...
Bruddah IZ
DA
It's okay if you're confused.
Bruddah IZ
DA
I can't wait.
You ALWAYS pay one way or another " messy " financial human....
Not to mention the fact that YOUR new Governor ( You Voted For ! )
and his Communist/Democrats in the Northern Mexican Cartel located
in Sacramento are going to re appraise ALL of the property you own
after Jan 8th 2019.......And you'll pay even more !
Then they are going to tax ALL Labor ( YES ALL LABOR ! ) at a rate
that will suffice to temporarily shore up the unfunded State Pension
plans in California....Yes, Good ol Jerry Brown handed off one of the most
toxic items ever to the incoming Idiot from " Poop " Town by the sea....
Barney Frank almost got away with it...!
Bruddah IZ
DA
False
That's right, i could be wrong. You have to pick the right areas to buy in. I shouldn't judge based on my own experiences.
then again, how many individuals have the opportunity to loan secured money at 5%? easier to buy real estate with the bank's money!