yeah but 12% returns involve some risk don't they? There is people here who bought places for like 200k in 2001 and sold them for around 600k 5 years later, it would have been good to be one of those people Of course there is now people who bought a few houses in the past couple years thinking they are going to go up and now the prices are going down, but yet they still get to pay those mortgages, taxes etc on the old price They watched those shows on TLC about flipping houses and went nuts I never really messed with credit cards, but how do take the money from the card and get it to the bank? Don't they charge you interest on Cash Advances, right off the bat? or are cash advances free when you credit is good enough?
I got blank checks connected to the card with 0% and little to no transfer fee. My last trasfer cost me about 0.6% up front. Lately they've been trying to get 4% up front. I just toss those offers. They probably lost a lot of money doing no transfer fee. I can just imagine the credit limits people had that were offered the deal. My limits total about 40K. That's a lot of money at 4.5% interest for a year.
I thought those checks were like a cash advance, too Actually I just checked me and my girlfriend's cards and they say they checks are cash advances What card do you use? you could get more from CDs or Mutual funds, couldn't you? Or do need to get money back within 6 months?
They're magical checks. Credit Card companies sometimes mail them out to certain customers who they want to encourage to spend money. The interest rate is typically only good for so many months and then the rate goes up to the standard cash advance rate which is significantly higher than your purchase rate. I think I got them because I charged a lot and then paid them off rapidly. My credit limit shot up and I started getting good deals. They want to get you to overspend and carry a balance.
i recently read on yahoo that detroit homes are selling cheaper than a car...lol..now that sux. The US economy slowdown is evident and just aroung the corner. Guys, its time to consolidate on your current position and stay away from real estate. India is currently one of the markets where prices are ruled by a bunch of builders and lobbyist. The prices will go down rapidly, post-US slowdown. Those who are investing or buying will be in trouble. dont ask me how i know this
That is for sure. All the freakin speculars screwed the South Florida market big time! It will get worse for sure. P.S. I live in MiBe
House prices in the UK are crazy, The place that I'm living in is now worth somewhere around $1.6m maybe I should sell up and move to Spain
We almost moved to Miami Beach, but opted for the Keys Yeah the prices in both places went crazy, people wanting 350k for studios in the mirador, freaking crazy
you should sell that house , invest the money and retire you could get like 7% on it, thats like 100k a year on 1.6 million you might never have to work again, shit you could move to belize or costa rica and live in a house on the beach till you die. With 100k a year down there you could waited on hand and foot. Isn't it like cold and rainy in the UK?
That's the problem with living in London, the money is all imaginary unless you move abroad. Sell the house and stay in London (which I intend to) and I'd either have to buy another at the same price, or pay high rents - so I'd be no better off. Now when I do want to move abroad - that'll be another matter Yep, most of the time Though I do live in the part that has the highest number of hours of sunshine And the highest house prices
the decline has to be Bush's fault somehow, I am just not smart enought to figure it all out............
well everyone already knows that London must be really great to pay that much to live there, it like almost twice as expenisive as the most expensive places in the US isn't it?
Oh ferret, did you take it out of context.. again.... ha ha ha... we will be selling our house possibly by the end of the year. We have owned it for about 4 years and should be able to get 400 for the house plus an additional 100 for part of the back lot, which has sewer, power, phone, etc already to it with its own driveway. We paid half that, so it works out pretty good.
It's a great place to live when you're young. High wages which balance out the high cost of living. Lots of bars, clubs, sports and other things to do. I wouldn't want to bring a family up here though. I'm not sure it's that much, but I think with the cost of housing taken into account it's the most expensive place to live in the world.
http://realtor.com/FindHome/HomeLis...int=1&sblo=0&snumxlid=1065752355&lnksrc=00002 this house used to cost $73 million about a year ago. I don't know what you would do with 48,000 sq ft and 160 acres though these two houses would be way better and way cheaper http://www.realtor.com/FindHome/Hom...int=1&sblo=0&snumxlid=1076135535&lnksrc=00002 http://www.realtor.com/FindHome/Hom...int=1&sblo=0&snumxlid=1077378795&lnksrc=00002
oh another good example from california http://www.realtor.com/FindHome/Hom...int=1&sblo=0&snumxlid=1068254395&lnksrc=00002 now its selling for $20 million, shows you how overpriced houses are/were
I TOTALLY AGREE. If you look at the real estate data from the last 100 years, INFLATION ADJUSTED (which nobody seems to do) you will see that every boom is followed by a bust. We are clearly at the top here. The price growth has slowed / stopped, the # of sales is falling fast, and the bad-stuff (like the subprime thing) is starting to come out. I fear for those who are heavily leveraged in real estate. It's going to get ugly before it gets good again.