Black Money Business Jobs : How much house for $300,000?

Discussion in 'Black Money Business Jobs' started by panafrica, Nov 29, 2005.

  1. panafrica

    panafrica Well-Known Member MEMBER

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    http://moneycentral.msn.com/content/Banking/Homebuyingguide/P134365.asp
     
  2. Tantrum

    Tantrum Well-Known Member MEMBER

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    Yeah it scary how much it cost
    To stay in NY condos are crazy high
    I have seen higher than that
    I think that just say you stay in a certain area
    Or just cause you want to have that status
    Is crazy in itself-Wake Up People
     
  3. MANASIAC

    MANASIAC Well-Known Member MEMBER

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    Brother Pan I will defintely atest to this article. The Real Estate Market has really cooled down in areas that were not really bubbles, but also I believe they will be quite a few foreclosures coming up because the middle class financed much more house than they could afford.

    However, I believe the re-fi market will be hot.
     
  4. panafrica

    panafrica Well-Known Member MEMBER

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    As a realtor I also anticipate a lot of foreclosures in the coming years, when variable interest rates make mortgage payments higher than the average family can afford. However as the market is cooling (and prices go down), now is a perfect time to buy. I don't mean right this minute, but in the next 2-3 years. The foreclosure market is also a great place for new homeowners and those looking for investment properties.
     
  5. kente417mojo

    kente417mojo Well-Known Member MEMBER

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    That's good to know. I've been wanting to try and buy a house, but I didn't want to overpay, especially in Cali when the average cost of a house is $440,000. And that's not a really nice house, that's just a house. I made my decision to wait until the market cools and there isn't so much competition for one house, where the owners tries to see how much they can get because so many people are interested. I'm thinking 2007, but we'll see. Great info guys. :peace:
     
  6. spicybrown

    spicybrown Well-Known Member MEMBER

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    You Get What You Pay For (Most Instances)

    "San Francisco, Calif. Studio, roof deck access 520 $299,000 "

    Now this is ludicrous. I remember back in 96' in san Fran. I rented a studio apt for $1,100. I will never go there again, I look foward to home ownership by the year 2008(before/by 30 y/o). Until then I'll be building my credibility and rental history by living in one apt........BTW *cheering* yesterday I beat my landlords judgement against us, and we do not owe one red cent in back rent, moved to bigger and better, for less, with more amenities. One less eviction on my record. Does anybody have any info on the rent-to-own option?
     
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