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Thread: Real Estate is HOT

  1. #21
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    Re: Real Estate is HOT

    I figured I should bring this thread back to life to tell you all "I TOLD YOU SO"

    Prices have risen substantially since I made this original post and just felt I should remind you what I said.

    Escott

    PS> why am I listed as a paid advertiser when I haven't paid a dime?

  2. #22
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    Re: Real Estate is HOT

    You must be the only guy that knew real estate was on the way up.
    Us dummies didn't have a clue.

  3. #23
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    Re: Real Estate is HOT

    Quote Originally Posted by Escottindr
    I figured I should bring this thread back to life to tell you all "I TOLD YOU SO"

    Prices have risen substantially since I made this original post and just felt I should remind you what I said.

    Escott

    PS> why am I listed as a paid advertiser when I haven't paid a dime?

    shhhhhh don't tell jimmy or he'll get ideas.

  4. #24
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    Re: Real Estate is HOT

    Quote Originally Posted by Bart
    You must be the only guy that knew real estate was on the way up.
    Us dummies didn't have a clue.
    Its much easier if you live there. Real Estate Prices in Queens NY have climbed about 25% as well.



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  5. #25
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    Re: Real Estate is HOT

    Quote Originally Posted by Jimmydr
    Its much easier if you live there. Real Estate Prices in Queens NY have climbed about 25% as well.
    In the past 10 years i am sure it has tripled in Queens.

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    Re: Real Estate is HOT

    Quote Originally Posted by Jimmydr
    Its much easier if you live there. Real Estate Prices in Queens NY have climbed about 25% as well.
    My little area of PHX is the largest increase year after year. Last year it went up 14%. I bought my house four years ago and for what it is worth now I could not afford to buy it lol


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  7. #27
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    Re: Real Estate is HOT

    Quote Originally Posted by guttaman
    In the past 10 years i am sure it has tripled in Queens.
    In the past 10 years co-ops went from $70,000 to $280,000. Houses, well $1,000,000 was comoon, now $1,000,000 is a steal.

  8. #28
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    Re: Real Estate is HOT

    I have always been told to buy land. They are not making anymore. Making it a collectors item. 40 acres in Bumfuck, Vermont for 80 grand now will probally be a million in 20 years. Real estate in the long run always beats the market.

  9. #29
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    Re: Real Estate is HOT

    Quote Originally Posted by guttaman
    I have always been told to buy land. They are not making anymore. Making it a collectors item. 40 acres in Bumfuck, Vermont for 80 grand now will probally be a million in 20 years. Real estate in the long run always beats the market.
    Not to sound like a racist but if only 1 Indian or Chinese family finds their way there, 50,000 more will follow!

  10. #30
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    Re: Real Estate is HOT

    One of the big differences, between buying in the US or in the DR is the mortgage issue. In an economy in which prices are appreciating, buying with 20% (or less) down still gives you 100% of the appreciation. If your property value goes up 10% you really reap a 50% profit, assuming the property pays its entire nut through the rent, which is the bottom line in investing for me. In the DR you need all of the cash up front.

  11. #31
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    Re: Real Estate is HOT

    Quote Originally Posted by PapiQueRico
    One of the big differences, between buying in the US or in the DR is the mortgage issue. In an economy in which prices are appreciating, buying with 20% (or less) down still gives you 100% of the appreciation. If your property value goes up 10% you really reap a 50% profit, assuming the property pays its entire nut through the rent, which is the bottom line in investing for me. In the DR you need all of the cash up front.
    In Dr banks are now giving mortgages. In the US when the market says your property is worth, x dollars you will get that offer.

  12. #32
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    Re: Real Estate is HOT

    Right now you can get financing in the DR locally with 50% down and interest of 1 1/2% per month (18 % per an)-not for 30 years, but at least 3-7 years. If anyone is interested-let me know.

  13. #33
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    Re: Real Estate is HOT

    Quote Originally Posted by bachag
    Right now you can get financing in the DR locally with 50% down and interest of 1 1/2% per month (18 % per an)-not for 30 years, but at least 3-7 years. If anyone is interested-let me know.
    Beware, if you miss your last payment, you lose the property.

  14. #34
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    Re: Real Estate is HOT

    Quote Originally Posted by Bart
    You must be the only guy that knew real estate was on the way up.
    Us dummies didn't have a clue.
    You can know everything. If you aren't in the game you don't make a dime. Did you buy property here?

  15. #35
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    Re: Real Estate is HOT

    Quote Originally Posted by bachag
    Right now you can get financing in the DR locally with 50% down and interest of 1 1/2% per month (18 % per an)-not for 30 years, but at least 3-7 years. If anyone is interested-let me know.
    Less in a bank in the DR today. Only thing is that you have to be qualified.

  16. #36
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    Re: Real Estate is HOT

    Quote Originally Posted by PapiQueRico
    One of the big differences, between buying in the US or in the DR is the mortgage issue. In an economy in which prices are appreciating, buying with 20% (or less) down still gives you 100% of the appreciation. If your property value goes up 10% you really reap a 50% profit, assuming the property pays its entire nut through the rent, which is the bottom line in investing for me. In the DR you need all of the cash up front.
    That's the power of leverage for sure! Certainly not as easy here for that. The thing with Real Estate is that it runs in Cycles. Goes both up and down. If you have staying power you can wait for another UP cycle but if you are overleveraged you may fall down.

    I personally like paying for a property these days. When I was younger I had as many as 15 mortgages at one time. Now I have none and I even give them out here in the DR to the poor people who cant get financing in a bank

  17. #37
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    Re: Real Estate is HOT

    Quote Originally Posted by Escottindr
    You can know everything. If you aren't in the game you don't make a dime. Did you buy property here?
    I know nothing.
    You 're the only one that knew real estate was going up.
    That's why you had to tell us. I told you so.
    Because we're all dummies and know nothing.

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