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That is true but with some creative financing you can usually reduce the amount of interest you pay on the loan. I'm a big fan of HELOCs and with the flexibility of having two places now with HELOCs will make moving money around much easier and obviously if you're a renter then you really don't...

Exactly! This is what I'm seeing also. I would imagine that as house prices fall, rental rates should be zooming higher until we reach the point where housing prices have fallen enogh to where rental rates are no longer more appealing then buying a house in which case we should hit a bottom...

That is true but it seems like the foreclosures are going to come pretty fast in the next year or two and once the bag holders are taken to the woodshed and the banks take their lumps we should see a nice bottom. So yeah prices will probably fall more and I might be early (I bought the place at...

I just bought a house and am closing on it in two weeks. I feel good about the purchase.....seems to me like all these doom and gloom articles all base their stats on California and Florida. You know there are 48 other states in the country and most states are not seeing the huge 40% declines...

You do have a point there. The only thing that the demoncrats and redumblicants have consistently shown is the ability to waste tax dollars which helps either defense companies or other retailers. Whether its redumblicants wasting our money rebuilding a country with an 83 billion dollar...

Because the government will keep going bankrupt and give us money so we can keep buying ipods and shop at walmart....so thats gotta be bullish for those stocks right.

I'd have to say: McCain = bearish Obama = bearish Gridlock = Bullish :D

This technically isn't funny seeing as how we're paying for their oil and their reconstruction.....when frankly there are plenty of reconstruction projects (bridges, roads, etc) that could use the money here in the US but this paragraph made me chuckle: "Iraq spent $3.9 billion on those...

http://www.cnn.com/2008/POLITICS/08/05/iraq.oil/index.html Things that make you go hmmmmmm.....

I'd like to thank everybody for all the input. Its been an educational thread and I'd like to say that I have bought the house. The owner has accepted the offer, the final was a sale price of 222K and the owner is paying an additional 5K towards closing costs. I went back and forth and...

I admit I don't know much about real estate, I'm an options guy so real estate isn't my forte. But I'm not looking to do any flipping and I've never tapped a cent of home equity and don't plan on doing it so the house dropping in value to 170 shouldn't be a total disaster.....but you're right I...

I currently own a small condo that has a very low interest rate on it, I did a lot of research and it looks like I can rent out the condo for enough money to cover the cost of the place. The problem is that I'm going to start a family in a year or two and the condo is just not big enough. The...

Wow I'm enjoying reading everybody's opinions on this and appreciate all the great information from everybody. Some more details on this are that I'd be using this house as a primary residence. I'm planning on living there for at least 7 to 10 years so this is not going to be a flip type of...

Its a nice area, mostly middle class/upper middle class. I've been scouring zillow and all the recent sales of homes are in the 250K range....man its tempting. Silliest thing is that the stupid "Tax Assessed Value" is 271K...man the first thing I'd do if I bought this is go fight the...

So heres my dilemma. I'm looking at a house where the owner is willing to unload it for $225K and he originally bought it for 241K in 2003. So he's slashing his price by about 6.6% since 2003....is this a good deal? The neighborhood is pretty upscale, no foreclosures as of yet and not too...

I'm still curious how much of this is already priced in though.....everyone is expecting the ECB to raise so I'm thinking there might be a decent chance that we might rally on the news at least for the short term. We're pretty oversold so we may get the dead cat bounce after the raise...

I've got the puts that expire in July. I'm trying to keep the position open for another 2 weeks as a hedge since I sold a couple Aug 137 calls so am hoping to let time value go down on the 137's....and incase the market rallies then I can close the 137/136 July puts for a big profit. Of course...

I'm mostly use to trading the RUT or SPX indexes where you don't have to worry about early exercise but I went ahead and put on a condor on spy. Basically I'm short about 15 positions of the 137/136 put spread. So if I get all 15 137 puts exercised and I definitely don't have $13700*15 =...

Yes thank you fed from all the sub prime borrowers. You've saved our giant houses.......of course can't afford to eat or drive to work....but hey got a giant overprice roof overhead....:confused:

It seems to make sense to merge Netflix and Gamefly into one. I think Gamefly is private but then why doesn't Netflix try getting into the online video game rental service as well. Right now I'm paying to rent 1 DVD at a time at netflix and 1 video game at a time at Gamefly for a total of...