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<p>Bix - I see a lot of apt buildings with cap rates of 5%. If I can make 5% already in the bank with risk free CDs, why jump into an apt. complex?</p> <p>The ones I am looking at are old and though rent might go up in the long term, I imagine the building will incur more and more expenses...

<p>"the tone from some of the postings have these expectations and are calling it a conspiracy that the sellers are not making it known to their supervisors."</p> <p>RH - I don't think people are expecting that the builder will accept these prices at all. The point regarding the supervisor...

<p>I wonder if people are reducing their gifts due to their own financial pressures or because the entire country seems to be in a depressed shopping mood. When you keep hearing about recession and other such news, even financially sound people might not feel like throwing money on tons of...

<p>I am not sure what momopi was looking for but I would like to know where to find small apt. buildings for sale. </p> <p>I grew up near Santa Monica in West LA and there were a lot of small 10 unit apartment buildings. I remember my father was very close to buying one near Sepelveda and...

<p>Umm guys, lets try to keep this above a 5th grade level. </p> <p>From the get go, I agreed that one should go straight to the VP or sales director in the area. The sales people are acting as middlemen and though corporate might accept an offer, more times than not, corporate won't and...

A lot of people on this board are saving their dollars for a large downpayment when the timing is right. What are people do with all that cash if we go through a period of stagflation or inflation? Would it be smart to buy precious metals? Leave all the cash in CDs? Buy other currencies? I...

Wondering same thing. Share the details qwerty!

I still keep hearing about 100% financing. Who is still offering these kinds of loans?

<p>I understand the need to blame the banks, the loan officers, the RE agents, etc but ultimately, the person who took on the loan signed for it and is responsible for it. They didn't have a gun to their head and even without reading the fine print, some basic math should have played into this...

<p>For the people saying walk away, there seems to be a reoccuring theme regarding quality of life and enjoying life. I think we can all agree that hard work is not as fun as playing the xbox on the new plasma but I think there is other aspects of life you aren't looking at. Working hard and...

<p>Anonymous - you got the entire story wrong. The lower class women takes loans to buy a real necklace to replace the rich women's fake necklace rather than telling her that she lost it. The story is about telling the truth.</p> <p><a...

<p>I have a co-worker who is a single mother with 2 kids and who had comfortably been living in an apartment for many years. One random day in 2005, she decides that she is going to join the housing boom and buys a small starter house in SD. Of course, all of us try to talk her out of it but...

<p>"You thought it out before buying and the market tanked"</p> <p>Sorry RH, the way I read his story, he DIDNT think before buying. But I still agree that there really arent many options here.</p> <p>AV - If you called the bank and explained to them your situation, I wonder how hard they...

<p>I was at South Coast yesterday and while parking was a usual nightmare, the stores were relatively empty. I remember past years when the lines were long and you couldn't walk without bumping into anyone. </p> <p>Some stores are holding up better than others though. </p>

Also, what kind of car do you own outright. If it is a luxury car that gets terrible gas mileage, you can sell it and downgrade to something getting better gas mileage. Your monthly gas expense would go down, your insurance would go down, and you would have extra cash to put towards that CC.

<p>AV - I honestly thought you were wasting away your money but from your breakdown, you aren't exactly living a lavish lifestyle. </p> <p>If you are going to end up foreclosing, I recommend setting up a new living situation before your credit goes down the drain. Instead of renting your own...

<p>If you look up the house JP lists, it includes the following:</p> <p><strong>Included Upgrades</strong> Granite Slab Kitchen Countertops Formal Dining Room Front Yard Landscaping Included 4,500 Square Foot Backyard Generous Builder Incentive December Move-in</p> <p>I...

<p>Not to thread jack but my wife loved what I believe was plan 1 of Cantara. I remember meeting the guy who bought the 3 model houses. He was holding the open houses himself in the beginning. He was absolutely crazy for taking on so much debt. Even as a short sale, they are still...

<p>The worst is when a close family member or close friend becomes a real estate agent. Its like they joined an MLM and can only spout out the marketing pitches they are taught. </p> <p>Not to revert to the previous discussion between awgee and xsocal but I think the problem is that you have...

<p>AV - what is your monthly spend outside of the housing? I don't want to keep saying this but I spend a lot less than $2200 a month which is what you are left with after the mortgage. You said you might be able to scrape together another $300 or so. You spend $1900 a month? I am NOT...