November 29th, 2007, 02:45 AM
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#44
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Through Orion
Viper4Christ is online now
Join Date: Jun 2005
Posts: 3,881
Rep Power: 13
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Quote:
Originally Posted by ARIZONA SRT-10
Take it from experience! NEVER, NEVER, NEVER buy a car on credit.....depreciation, insurance, upkeep, fuel......all add up to NOW more than 50 cents per mile cost structure! Homes are STILL depreciating!!!! The market HAS NOT bottomed out yet! Might be at that point by March or April of next year with all the indicators that we know of. Do your best to purchase the home, obviously, at the ROCK bottom price, as the depreciation continues. My sources in Colorado (Longmont, Greeley, Loveland, and Ft. Collins) inform me that prices have DROPPED by up to 30% in the last 1 1/2 years......not unlike the rest of the country. Same thing is happening here in Phoenix. I am buying property for 30 to 35% less than the mortgage appraisals of 2 years ago! Yes....I am buying, (the latest home appraised for $208K 2 years ago, and I am purchasing for $127K......now that's a great deal......hope to turn it next year after the market recovers some.......even if it's only $12 to 15 K that's a great return.....please investigate the bottom dollar....then go from there. I am very much acquainted with the Ft. Collins area, as I lived in Longmont for 10 years, and Greeley for 18 before that...let me know if you need any help.
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Right on.
Go for the house Dubs and get that locked down. The cars/toys ect, can come later on. |
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