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| Grimreaper |
 Posted: Mon Jun 27, 2005 6:20 am Post subject: |
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CFO
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Hang in there C-bow! in about 2 or 3 years you will be able to go to some of these lenders who are making low quality loans right now and buy 2 or 3 properties at a time out of their inventory of REO's, and they will be happy to sell them to you at assessed values just so they can get the bad loans off their books  got a Providian credit card at a high rate of interest and can't make the payments? doanchu worry my friend, their proposed merger with GW will fall apart, they will not be able to collect on their loan portfolio as more and more high risk credit card holders will default, PVN will either go defunct or be bought out and the bad loans will more than likely be written off, so when the collector comes a callin simply negotiate the payoff down to .30 on the dallah! |
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| Grimreaper |
| Posted: Sat Jul 02, 2005 5:09 am Post subject: |
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CFO
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A slow leak in the RE bubble? every Sat my local newspaper reports year over year sales numbers for various cities down here in Fla, this week's numbers are a little deceiving, check this in, Fla home sales were up 7% overall in May of 2005 vs May 2004, the ave. home price rose 27% in value, some interesting % changes in the number of sales for a few select cities, Ft. Lauderdale -21%, West Palm Beach -10%, home prices in each city still rose appx. 35% year over year for May, but I can't wait until the June stats come out  oh yeah, the best value right now in Fla housing? Tallahassee. a 34% increase in sales but prices only rose 6%  |
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| chahsiubow |
| Posted: Sat Jul 02, 2005 10:24 am Post subject: |
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Investing Sr. Associate
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| Grimreaper |
| Posted: Sat Jul 02, 2005 12:21 pm Post subject: |
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CFO
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| Hi C-bow, I doubt it will get as bad as everyone thinks, the only people who will get hurt badly are the speculators who used the interest only adjustable rate loans, and the people who borrowed all the way up to the appraised value of their home, since I don't know how many have maxed out their credit limit it is pretty tough to say, but anyone who will be living in their home for the next 5 years will be just fine, I doubt we will see anything as devastating to the economy as 9/11 was, that event was actually worse than the popping tech bubble, all sectors came to a stand still, if it wasn't for the auto sector with the interest free loans the recession would have lasted alot longer IMO, it's ironic how everything has come full circle, the auto industry saved America, now it is in deep doo doo! if GM fails on their debt obligations that would have a much more negative effect on the stock market than falling home prices I would think. |
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| 1(888)SNOWPLW |
| Posted: Mon Oct 10, 2005 2:01 pm Post subject: Canada |
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Investing Sr. Associate
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Paula,
Where in Canada are you. I have traveled there to various areas and have RE investments in Northern MN
I have thought about canada some.
What r the requirements for a US investor |
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| 1(888)SNOWPLW |
| Posted: Mon Oct 10, 2005 2:04 pm Post subject: |
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Investing Sr. Associate
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Paula,
where r u in Canada?
I'm interested in investing there. What r the requirments for a US investor.
I posted once to the thread and did not see the post on the screen. |
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| rodder4hire |
| Posted: Fri Dec 09, 2005 7:45 am Post subject: |
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Investing Manager
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| I live in NE CT and prices have increased from high 90's in 1995 to 250's now... |
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