Three Key Reasons Housing Not Coming Back
invite response
2012 Jun 23, 4:48am 33,611 views 58 comments
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freak80
2012 Jun 28, 2:37am
APOCALYPSEDUCK is Shostakovich says
I just bought five three deckers filled with section 8 grotesques that I know I will be able to flip for 10x in a year or two.
You're from Worcester, MA!
freak80
2012 Jun 28, 5:41am
APOCALYPSEDUCK is Shostakovich says
Worcester?
You know..."three deckers"
That's the only place I've ever heard people use that term. Maybe it's in other New England cities too.
Homes purchased at trustee sales for 90k-100k in Phoenix area can barely get 800-850/month in rent and many sit vacant for months.Dumb money has been buying lately.Supposedly Mr Roberto is going to get 1k month for his 80k house.House I bought for 50k last fall that need 5k rehab rents for $700-750.Idiots now are paying 77k 90k for the same house at the courthouse steps.
KILLERJANE
2012 Jun 28, 8:07am
Homes purchased at trustee sales for 90k-100k in Phoenix area can barely get 800-850/month in rent and many sit vacant for months.Dumb money has been buying lately.Supposedly Mr Roberto is going to get 1k month for his 80k house.House I bought for 50k last fall that need 5k rehab rents for $700-750.Idiots now are paying 77k 90k for the same house at the courthouse steps.
Seems like a good ROI to me. 750 per month for 55000 investment.
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Three Key Reasons Housing Not Coming Back: Demographics, Student Debt, No Jobs
http://globaleconomicanalysis.blogspot.com/2012/06/three-key-reasons-housing-not-coming.html
Mish
#housing