Re: Where do you think it's going from here?
 

Someone get Winthorp in here and tell him to SELL SELL SELL!!! :crying: :D

Real Estate prediction for 2008

2008 brings most of Balloon Mortgages out there coming due
Lenders still in buisness are deep cutting mortgage products
Less loan programs = less buying and refinancing
Underwriting guidelines are tightened
Consumers are maxed-out and unable to repay and can't refinance

Fewer potential buyers

15%+ Home Value drop in 2008

HOWEVER There is still massive opportunity here if you time the Real Estate market correctly :excited:

Here is the answer:
Buy low Sell high!! :dancingbanana: :beerchug: :jump:

Re: Where do you think it's going from here?
 

Eat shit.:D:fdance:

Re: Where do you think it's going from here?
 

Some may disagree, but New Orleans is a buyers market right now. Literally dirt cheap in the flood affected areas like the lower Cs. It'll recover with improved restructuring and property value will return. Rental properties is the way to go.

Re: Where do you think it's going from here?
 

I'm going to go to the matress, cut spending, work on credit card debt and curb lux spending. Trying to cut back in all ways, gonna have to cut this site sheet down too.

Re: Where do you think it's going from here?
 

Elcova is the cheapest form of entertainment and recreation.

Wheeling a Hummer is expensive so if you really want to cut down.......


But I doubt that's gonna happen.:D

Re: Where do you think it's going from here?
 

He's already got an H3.:giggling: :giggling: :giggling: :giggling:

Re: Where do you think it's going from here?
 

I am planning on cutting back and trading the 3 in on a H4 or Used H2. Values so low now on H2's they can't give them away on the used lots.
used car posion.

Re: Where do you think it's going from here?
 

What the hell are you talking about?

With the introduction of the Alpha H3, I could walk into my dealership and trade in my 03 H2 for two 05 H3s.:beerchug::OWNED:

Their used lot is filling up with them 5 cylinder H3 CARS.:clapping:


I love this statement from their sales dept.:giggling:

:jump::OWNED::jump:

I deal with facts Sam. :clapping:

Re: Where do you think it's going from here?
 

That sux if its true....was hoping to trade in next year to get an H2. I really need more room. Value is really going to suck.

Re: Where do you think it's going from here?
 

What you should be doing is trading it in or selling it now before the H3 Alpha really floods the market.

My sister had this 4 cylinder pampered Camry that lost almost half it's value overnight when the 6 cylinder Camrys showed up on the lot.

Another big peeve is buying a vehicle without leather. For some reason not having leather is another excuse for knocking the value down on trade in.

""Well you could have gotten more if it you had one with the leather package.":twak:

Re: Where do you think it's going from here?
 

x2.

Re: Where do you think it's going from here?
 

Im going to definately look into this. I have the leather pkg, Monsoon system and suroof. It was a base with some Lux options in it. Damn...this really bugs me now.

Re: Where do you think it's going from here?
 

For those of you who don't know I'm a Mortgage Banker and Dennis couldn't be more correct. The past week I have taken 12 Mortgage applications Totaling over 5 Million in Mortgage money and here is the breakdown:

QTY
7 (3) Family Homes
2 (4) Family Homes
1 (2) Family Home
1 (1) Family Home
1 Condo

The wave of Multi Family homes is on the rise :excited:

Re: Where do you think it's going from here?
 

Or we could all move to Canada! :giggling: :jump:

Re: Where do you think it's going from here?
 

With the introduction of the Alpha H3, I could walk into my dealership and trade in my 03 H2 for two 05 H3s.:beerchug:

oops 06 is the first Model year BOZO

The Alpha is limited production you are so so wrong. H3's are selling
Let me guess you have a 02 H3:excited:

Re: Where do you think it's going from here?
 

Uhhhh wasn't 03 the first year for H2's ?

Re: Where do you think it's going from here?
 

yea, thats the joke! 06 is fist year for the 3 not 05

Re: Where do you think it's going from here?
 

I've had my squints and fingers in N.O. for awhile now.

Another "Best Bet" down there is FEMA Trailers being auctioned off by the government. In some cases (Not all) they're liquidated as low as 95%(Median is 40%) off their sellable value in OTHER STATES or Canada.

I've flipped 4 of them so far and the beauty of it is, I never see them, I'll work it 5-10 minutes on the computer on weekends.

A word of caution: It sounds simple but some people blow it and lose big time if they don't have basic commodities experience skeelz. So cross your T's and dot your I's.

Re: Where do you think it's going from here?
 

Except B.C. But I think an experience guy like you knows property here is getting ridiculously out of hand.

I bought our house at $550K 5 years ago. We got our property government assessed at $1.1 million this year. The property tax is killing alot of people here. One of our neighbors sold for $1.3M (Because they couldn't stand my Hummer staring at them every morning.:D) and bought a 100 acre lot 600 miles into the sticks.

The Canadian $ is expected to par up with the US $ by years end. But that's a bad thing for us.

It's wild on the Westcoast. Oregon, Washington and B.C.

Re: Where do you think it's going from here?
 

Did I say 2005 H3? OOOOPS! My bad. But that just shows how much I paid attention to the H3s.


And ya, I actually paid for my H2 in full on November of 2002. Delivered April 2003.:)


Alpha will not be a limited production. Trust me on that.;)

If AM General made them, sure. But this is GM we're talking about. It's all about money. And GM will be raking in $$$ with the H3 Alpha.