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Comments:
<0> i want rates to go up
<1> !p
<2> how high?
<1> bot die?
<3> i'm into both markets
<3> a higher interest rate would help on my term deposits
<3> what's the fed reserve rate now?
<4> i want it to drop in the 4's again
<3> 4.25% ?
<2> who was the one who shorted aapl?
<4> something like that
<2> that was a good decision
<4> 2 year arms are like 5.19
<3> panini: not me.. I mentioned about it over a week ago
<5> http://biz.yahoo.com/bizj/060120/1218550.html?.v=1 SNTO NEWS!!!!!!!!!!!!!!!!!!!!!!!
<4> http://www.bankrate.com/brm/default.asp
<6> housing market is solid no matter what let the rates go up they wont get too crazy and eventually will come down again
<6> let the houses sit on the market for 200 days
<6> ill buy mine half price
<6> and sit on it for 3 years
<7> lol
<7> people need to get pinched, they they'll liquidate
<2> nice dream
<7> then
<2> but time to wake up now
<2> housing is the last thing to drop
<0> mine are dropping
<0> what i watch
<2> ppl will hang on for a long time
<4> secu is at 5.25 right now
<4> for an arm
<0> whats a secu
<0> oh
<4> state employees credit union
<0> loan
<0> arm tho
<4> i got the arm because i plan to sell in 3 years
<2> who would get an arm?
<0> i'm going out comparisson shopping for 1/.2 tank of gasoline
<2> oh
<6> housing is different everywhere
<6> the fed only means so much
<4> panini its for people who sell
<6> every market is unique
<2> what if the price 3 yrs from now is LOWER than you paid?
<4> plan to sell
<6> im here in Vegas and ill tell you its like no ther
<6> other
<4> each time it drops i can drop min
<4> mine
<4> and it cant go up but 1% ever 2 years
<4> so lets say secu offers a 5.15 and i have a 5.25 i can drop to 5.15
<6> panini: its very possible, thats why you buy a low prices property thats faling apart and you inject instant equity into it
<4> and in another month it drops again i can drow again
<6> you cant rely soley on appreciation
<6> have to make that equity yourself along with positive cashflow
<3> housing prices do drop
<2> well vegas is a different story...
<2> the market is exploding there
<6> well housing has platued (cant spell righ tnow)
<6> alomst
<6> but high rise is going nuts
<6> no signs of growth slowing
<6> as far as economy, jobs, etc
<4> isnt it like a 6% increase on housing every year?
<4> on average
<2> vegas is still growing cuz the megarich ppl are buying luxury suites
<6> not sure what the national avg is
<4> i heard it was around 6
<4> so i figure in 3-4 years ill be at 140k
<6> panini: yes, along with the overflow of californians that will ALWAYS be moving here every month because cost of living is cheaper and always will be
<6> not to mention
<2> yeah but the hot areas are MUCH higher than that
<6> the mexicans and immigrants
<4> and make a profit of around 20k
<4> yea
<4> some area's are in the 20's
<2> brian it's amazing what ppl will pay to live on a piece of baren sand in the desert :P
<6> some vegas residential has appreciated by nearly 60% since 2004. Average is around 30% which is still great
<4> yea
<6> that obviously cant continue but if you know what your doing you buy cheap fix cheap sell high
<4> !calc 117000 * .30
<8> 117000 * .30 = 35100.0
<6> get the contractors and architects ready
<6> :P
<6> Im knockin **** downnnnn
<2> you flipping brian?
<4> my g/f charges $1100 a blueprint
<9> !q aapl
<10> AAPL (APPLE COMPUTER) - 4:00pm: .089 Change(-2.946 -3.73%) / Opened(79.29) Lastclose(79.035) / Range: Daily(75.83 - 80.04) Yearly(33.11 - 86.40) / Volume(39844360)
<4> so let me know when you are ready :D
<2> buy, fix, sell within a year?
<6> panini: in the process of my 1st deal right now..im an aquistions manager for my brothers palm beach-based brokerage firm
<6> specializing in handy man specials and condo conversions
<6> sometimes less than a year every deal is differnt
<2> nice
<6> the deal im working on now im going to live in myself for 1-3 years depending on appreciation and cashflow
<6> rent it out to my best friends :P
<6> cant go wrong
<4> lol
<4> friends are the first to **** you over
<3> not to mention the capital gain and rental income taxes you have to pay
<6> contract
<6> obviously
<6> these r friends since i was 5
<6> if they wanna **** me over ill kick them to the street they can rent from a slumlord
<6> and my brother will pay mortgage
<3> really.. do you think you could do better than having the same capital in a term deposit?
<11> !q AAPL
<11> LOL
<10> AAPL (APPLE COMPUTER) - 4:00pm: .089 Change(-2.946 -3.73%) / Opened(79.29) Lastclose(79.035) / Range: Daily(75.83 - 80.04) Yearly(33.11 - 86.40) / Volume(40264932)
<11> seeeee you
<3> JJ: think I missed the boat to short?
<6> Super_BQ: ways around all that
<6> 1031 for flip
<6> who has to know about my best friends that are staying over
<3> brian: someone that doesn't like you
<12> .qx goog yhoo
<13> .qx GOOG (last: 399.46 -8.47%) (172.57 - 475.11) (EPS: 4.514) (div: none) (O/S: 295,548,000) (float: 0)
<13> .qx YHOO (last: 33.69 -1.72%) (30.30 - 43.66) (EPS: 1.071) (div: none) (O/S: 1,418,736,000) (float: 0)
<6> its true, it is a risk
<6> i dont even need the cashflow though its just convienence for us
<3> if I had a 1/2 million cash
<3> i'd rather put that in 7% term deposit than buying a fixit upper house to rent
<6> not me .. but thats just me
<6> my career
<3> brian: you really think you could do better than 7%?
<3> is your $500,000 house gonna earn you more than $35,000 a year?
<6> well its solid and guranteed 7% is nice
<6> but
<6> my network i deal with can go in and out in 3 months
<6> and pull out 50k
<3> I can see you must get enjoyment lifting a hammer all day
<6> i dont lift hammers bra
<6> lol
<3> here, I get 7% at the bank doing NOTHING :>
<6> dood
<6> im not knocking you
<3> in any business proposition, if you're ROE isn't better than the bank.. you're a fool
<6> im a fool lol
<6> im 21 years old i go to college buddy
<6> i flip houses and convert apartments in vegas
<14> i'm kinda happy my hd failed
<6> find another 21 year old in school who does that
<14> now i can finally delete the porn i dont like that
<6> lol
<14> brian
<14> <- ?
<6> yea jeev
<14> i dont flip houses..
<14> but i buy some pretty expensive condo's
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