|
“REAL ESTATE GURU”
Joined: Jan 18, 2008
|
keola wrote: <quoted text>
yikes...alice i hope ure really a female...
and not the other way around... ...my sentiments exactly...but I was afraid to ask. :)
|
|
Tama Samoa
|
Dollar rebounding oil dropping gold falling and we should see the bottom by Jan 2009. I will confirm oil bubble pop in a few weeks.
But as you know the banks gonna take some years to recover from their mistakes.
Rates gonna stay un change at 2% for the rest of 08 and most of 09. Where as the euro and pound? Well as the US$$$ rebounds the euro and pound is on its way down falling like a rock this week alone.
What we saw and experience from last year till now on credit crunch and unemplyment numbers will hit Euope and england hard.
We will avoid recession and also if we drill locally and reverse a bill that has turn our food into ethanol.
|
|
Rayem
|
Real Estate Guru 2008 wrote: <quoted text>
Funny how you start off referring to Hawaii real estate (from your other posts that you are referring to again now), then you suddenly switch to the rest of the country's problems as if that is happening here in Hawaii. Phoenix, Vegas, Florida, California's interior ...all heavy sub-prime/illegal alien havens. But not in Hawaii. You are simply projecting your hopes of a total meltdown from there to here. Yep fraud was everywhere, and we called it long ago, and it goes all the way to the top. I guess you read my several pages posted last night from the New York Times..~100 posts from some of the best stuff I have ever read on any forum. I put them there, and yes it was a lot, because this will probably end up being the biggest financial story since the great depression. The problem was caused by fraud, which is commited by people. Real estate is affected, as is everything else, but is not the culprit. These are real dangerous times, worst I have ever seen, but we all knew that would be the case several years ago. You can't make loans to people with no jobs, no credit, and no money. Just can't do it. But they did. So now we all suffer, in one way or another. Interesting times, and some great opportunites are showing up too, and I am a buyer right through all of this. It was a good time to buy over a year ago as you been touting because real estate is always a good investment. But whoever listen to your mantra are now suffering with plummeting home prices. You really have no clue of what is going on or you continue to lie even though the whole world knows about the plummeting real estate. Just like what said how safe Playa del Rey, which I should you an example of massive price decline. You are nothing else but a cheerleader for the real estate industry who resorts to personal attacks when you are presented with the truth. BTW, can you post the web site again that you want me to call?
|
|
Rayem
|
Judged:
1
Real Estate Guru 2008 wrote: <quoted text>
Yes, IF you know how to buy low, on good terms, and depending on each particular area, and you find a GOOD property, not just ANY property. I have purchased many "problem properties" in areas that were good, but the property had a problem owner. Some of the best buys are from doctors....they do not have the time to buy right or to manage. Also, these are great times to buy, and it is going to get even better.
Rayem, if you have seen some of my previous posts about a week ago, I am looking at 5 plexes for $37K,-total price!, homes that have 30 bedrooms and 15 baths, 22,000 sq feet, etc for $430K, etc. No, they are not on Hawaii, but who cares? They will be all paid off in 2-7 years, vs 30. Does that work? You bet it does!! Your wife is a real estate agent. Would she lists the property that was appraised for over 600K 18 months ago for less than 300K? I bet she would.
|
|
“REAL ESTATE GURU”
Joined: Jan 18, 2008
|
Rayem wrote: <quoted text>
Your wife is a real estate agent. Would she lists the property that was appraised for over 600K 18 months ago for less than 300K? I bet she would. What's you point? The market goes up, and down...it is never static. Times change, prices change.
|
|
“REAL ESTATE GURU”
Joined: Jan 18, 2008
|
Judged:
1
Rayem wrote: <quoted text>
It was a good time to buy over a year ago as you been touting because real estate is always a good investment. But whoever listen to your mantra are now suffering with plummeting home prices. You really have no clue of what is going on or you continue to lie even though the whole world knows about the plummeting real estate. Just like what said how safe Playa del Rey, which I should you an example of massive price decline. You are nothing else but a cheerleader for the real estate industry who resorts to personal attacks when you are presented with the truth.
BTW, can you post the web site again that you want me to call? I am not even going to even dignify this with a response. Your post here defines you better than anyone else ever could. You are sick.
|
|
“REAL ESTATE GURU”
Joined: Jan 18, 2008
|
Interesting news on oil...has the bubble burst? http://www.telegraph.co.uk/opinion/main.jhtml... My take on this is that oil will drop for awhile....through the election (amazing how this stuff all happens at exactly the righ time ;)...), then rise slowly, or up rapidly as Israel goes after Iran. After the Olympics I expect that to occur, sometime between Sept1- early January. Russia invading Georgia today throws a wild card on top of the wild card. Watch this closely...this could be the beginning of something far larger. These events are not coincidental.
|
|
alice
|
I still cannot afford a house here..everything is so expensive. :(
|
|
|
|
keola
|
Judged:
1
1
alice wrote: I still cannot afford a house here..everything is so expensive.:( alice think positive u can probably get a condo instead...just find a sugah daddy....he can probably get u a condo in kakaako...
|
|
duh
|
Judged:
1
Alice is way too ugly to get a sugar daddy.
|
|
my2cents
|
Leeward lolo wrote: <quoted text>
I would love 4200 sq ft as hate to get rid of my things and could have a room for each of my interests....No heating or cooling necessary on Leeward coast, just open the windows and let the sea breeze flow in and out. I've got 3700sq ft but still wish I had more including a 3 car garage. I'm 900ft up so cool enough for no AC.
|
|
my2cents
|
Real Estate Guru 2008 wrote: <quoted text>
Good questions...let me add this. I think you are making the same mistake that Rayem is, and anyone else who looks at real estate in the same way that you guys are doing here. Real estate works on its own merits, or it doesn't. Paper equities don't mean a damn thing if you let it sit there, unless that is your plan for some future event, some where, some when. If so, then you are running it for the positive cash flow. Which is what any investment real estate should be doing anyway if it is a long term hold. For example...if I have a property that I bought for $100K. I put down some cash down to a loan. Rented it out. The cash flow exactly equals the costs to hold. THEN you take the tax writeoffs...so you make a small net income after all the expenses are paid. End of year one. In say, year 10, the income has doubled, the value has risen by 100% to 200K. NOW I have an equity position of that $100K gain, the paydown of the prinicipal part of the loan, and some decent cash flow. Great. If you plan to hold it for 20 more years, all you care about short term (5years) is the cash flow. If the equity position drops 20 %(40K), so what? Doesn't affect the cash flow income does it? Not one penny. Then, under normal, realistic, and historical standards, in fact conservative ones, it goes up another 100% over the next 15 years....that raises it to $320K. You loan is all but paid off by then, you are sitting on a third of a million in cash, and great cash flow. All the while your income taxes are sheltered/slashed, and you take home more of your paycheck, while your tenant pays the house off for you. NOW, if you didn't need to sell....are you hurt? No. You continued to receive income as you planned all along, ended up with a windfall before retirement, and you have huge options on your next move... And during those years of ownership, the rent charged will increase with the market so cash flow will increase yet the mortgage will always remain the same. I was charging $1750/mo in 2000 for one SFH rental. Increased the rent two years ago to $2300/mo. And with tax benefits, the rental is considered a loss. As long as the location remains good and house is maintained, who knows what rent can be commanded in 5-10 years. An aggressive investor can then use the extra cash flow towards another purchase or apply towards an early retirement. Things like that is part of the benefits that Guru is trying to message.
|
|
my2cents
|
Judged:
1
ipj737 wrote: <quoted text>
I'm referring to Rayem and no one else. Rayem doesn't own property and never has. That's a fact. You haven't been around this forum long enough to know that, have you?
With the exception of Rayem and a handful of his perpetual renter pals, virtually everyone that posts to this forum currently owns or has owned real estate in the past. Back in 1999 I used to spend a lot of time on the Yahoo Finance forums discussing the pros and cons of specific companies and their stock offerings. And if I knew that the posters never owned stock in their life I wouldn't have spent any time on them. Now I'm not saying that you can learn everything about stocks from an online forum... they can often be very educational if you can connect to intelligent people that know their stuff. They are hard to find but they do exist, and they do take time to share their experience online with others. You can learn from those with experience... that's how I approach my investments... I talk to people that have been doing it for a good long time and I learn from their mistakes; I learn from their successes.
Rayem, on the other hand, pretends to know and understand how real estate works at the macro and micro level despite never owning a single sq ft of land or building in his life. In this world, respect is earned by taking risks, working hard and gaining experience. Rayem is perpetually knocking homeowners and real estate investors for their "bad" decisions. It's amazing that you can't see how twisted and self-serving (as a renter) this is.
And why you think real estate owners are going to be "screwed" or in a lot of trouble is beyond me. Only a very minute percentage of investors are going to be in financial ruin because of their poor investment decisions. The overwhelming majority will do just fine.
It wouldn't hurt to share your own experience with us. Could you tell us where and what you have owned, and your experience with those properties (or property)? When did you buy? Do you still own or did you sell? It would be nice if you could contribute something positive (i.e. educational, not necessarily a positive experience per se) to this forum rather than regurgitate pointless insults over and over and over again. Sure, you can be comical at times... but it gets real stale when the clown never shuts up or leaves the stage. Diversify a little... share with us a little experience and your constant berating will seem transparent. Give it a shot... we're all ears. Yep, I pretty much give up spending my time and energy to argue. Kind of reminds me of the nerds back in school that professed to know everything about cars or sports because of what they read and not from actual practice/experience. Or how about so called sports junkies that never played football (or any contact competitive sport) yet cite facts and stuff they read to make them feel like an expert.
|
|
my2cents
|
alice wrote: I still cannot afford a house here..everything is so expensive.:( Yep, the down payment is a major hurdle. Sometimes I wonder how much acreage I can buy in the midwest for the price of a home in Honolulu.
|
|
my2cents
|
dudealohajoe wrote: <quoted text>
wow, ok ... ok u caught me... Honestly, do you ever envision yourself owning more property aside from the house you would live in? Or do you think about trying to do so? Or just happy with collecting your paycheck, spending some of it, saving some of it, and renting?
|
|
Real Estate Guru 2008
|
dudealohajoe wrote: <quoted text>
wow, ok ... ok u caught me... ...you seem like a pretty smart guy...I realize that you don't want to get into the fray..but why don't you jump into some of these topics by adding things from your perspective...I would, for one, like to know how your market is doing there, for example? I think stuff like that is vey interesting, and helps the forum, as well as the participants. What say you? Jump in?:)
|
|
Real Estate Guru 2008
|
my2cents wrote: <quoted text>
I've got 3700sq ft but still wish I had more including a 3 car garage. I'm 900ft up so cool enough for no AC. 900 feet? in Honolulu...Round Top, or ?? Manoa?...sounds great!
|
|
“REAL ESTATE GURU”
Joined: Jan 18, 2008
|
test-
|
|
my2cents
|
Judged:
1
dudealohajoe wrote: guru is trying to massage... Dude, are you on this thread for discussion or being a smarta**? Anyone can anonymously be one on the internet. Hit up the other threads and give them your Alohajoe.
|
|
my2cents
|
Real Estate Guru 2008 wrote: <quoted text>
900 feet? in Honolulu...Round Top, or ?? Manoa?...sounds great! I can't get too specific but I can view the ocean from Koko Head across to Diamondhead. Pretty cool to be able see inside of DH. DH is only around 600ft elevation.
|
Olympics
Judge it!
Cancer
Most Popular
