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SVTPerformance's Chain of Restaurants
Road Side Pub
Real-Estate Bubble Popping?
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<blockquote data-quote="decipha" data-source="post: 16796149" data-attributes="member: 74327"><p>The real estate fluctuations in the housing market is due to the two completely opposing consumers.</p><p></p><p>You have tycoons and developers that use real estate as investments with multiple properties they buy and sell. In these cases real estate is an investment and ups and downs affect the pocket book.</p><p></p><p>Then you have the average buyer and unlikely occasional seller that is looking for single housing only. In this case a home is not an investment its a neccessity that cannot gain or loose value tangibly since its value is nonusable. Even if it were to proposely double its value overnight it would be of no use to that consumer since they couldnt tap in to any of that. For example I paid 165k for my house (pre-foreclosure take over) more than a decade ago. Im in the process of putting 125k in on renovations. House is expected to appraise for 800k but its of no use to me since I cant use any of that. If I were to sell Id loose my ass on taxes and it would cost me at least that much to find something comparable so its useless.</p><p></p><p>The fluctuations come in the market when more investors sell while single consumers need housing and have no other option than to buy or be homeless.</p><p></p><p>Im big in to real estate and I cant seem to pass up a deal. Last deal I seen was over 2 years ago now. The real estate market in the greater new orleans area has been dead since.</p><p></p><p>Staging a home is for ignorant buyers. When I see a house I want to see all the walls and floors unobstructed to evaluate actual condition.</p><p></p><p>The majority of real estate agents are shit.</p><p>Biggest problem with agents are they fail to give accurate descriptions and lack pertinent info.</p><p>Agents that use the MLS only are useless.</p><p>If an agent doesnt have a book full of investors and buyers they are useless.</p><p>If an agent isnt closing on at least 4 homes a week they aren't worth a damn.</p><p></p><p>If an agent doesnt list the actual lot sq ft, rear yard access, flood zone, doesnt include half baths, the age of roof ac and major appliances they are useless.</p><p></p><p>And for the love of god the biggest problem with most agents IME is they do not include the cost of the land.</p><p></p><p>Some idiotic agent sold an inherited 4bath 2br 1500 sq ft home in the greater new orleans area for 150k. Idiot failed to realize the acerage it was on was worth 3 times that. The buyer knew and subdivided it. Sold the acerage for a cool half mil the same day and then sold the house for 300k after putting 80k in on it.</p><p></p><p>Again most agents are idiots.</p></blockquote><p></p>
[QUOTE="decipha, post: 16796149, member: 74327"] The real estate fluctuations in the housing market is due to the two completely opposing consumers. You have tycoons and developers that use real estate as investments with multiple properties they buy and sell. In these cases real estate is an investment and ups and downs affect the pocket book. Then you have the average buyer and unlikely occasional seller that is looking for single housing only. In this case a home is not an investment its a neccessity that cannot gain or loose value tangibly since its value is nonusable. Even if it were to proposely double its value overnight it would be of no use to that consumer since they couldnt tap in to any of that. For example I paid 165k for my house (pre-foreclosure take over) more than a decade ago. Im in the process of putting 125k in on renovations. House is expected to appraise for 800k but its of no use to me since I cant use any of that. If I were to sell Id loose my ass on taxes and it would cost me at least that much to find something comparable so its useless. The fluctuations come in the market when more investors sell while single consumers need housing and have no other option than to buy or be homeless. Im big in to real estate and I cant seem to pass up a deal. Last deal I seen was over 2 years ago now. The real estate market in the greater new orleans area has been dead since. Staging a home is for ignorant buyers. When I see a house I want to see all the walls and floors unobstructed to evaluate actual condition. The majority of real estate agents are shit. Biggest problem with agents are they fail to give accurate descriptions and lack pertinent info. Agents that use the MLS only are useless. If an agent doesnt have a book full of investors and buyers they are useless. If an agent isnt closing on at least 4 homes a week they aren't worth a damn. If an agent doesnt list the actual lot sq ft, rear yard access, flood zone, doesnt include half baths, the age of roof ac and major appliances they are useless. And for the love of god the biggest problem with most agents IME is they do not include the cost of the land. Some idiotic agent sold an inherited 4bath 2br 1500 sq ft home in the greater new orleans area for 150k. Idiot failed to realize the acerage it was on was worth 3 times that. The buyer knew and subdivided it. Sold the acerage for a cool half mil the same day and then sold the house for 300k after putting 80k in on it. Again most agents are idiots. [/QUOTE]
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