They are buying from everywhere, from flippers, banks, and listings on the MLS. Some are vacant, some are occupied. I also got the implication that these hedge fund MIGHT want to keep some of these houses vacant, but they didnt say why.
There are plenty of job opportunities for blacks. All they have to do is pull up their pants and learn to speak English correctly, and they will find its much easier to get a job.
I talked with some of these hedge funds and they say that their plan is to buy & hold for 5 years. My biggest worry though is that these guys might be trying to corner the rental market in specific cities. If they control the majority of the available homes for rent, they could easily push up...
Blackrock has come to my city(sacramento) and has been buying up every home under $300k. There are literally only a few weeks of existing home inventory in the whole county. Somewhere between 1,000 to 1,500 homes in a county of 1.4 million. Funny how in 2004-2005 it was the general...
So much for that solid proof. Did you really think you could "Debunk" the bible so easily?
http://www.apologeticspress.org/apcontent.aspx?category=11&article=696
http://thetruthwins.com/archives/us-taxpayers-spent-1-4-billion-on-the-obamas-in-2012-british-taxpayers-only-spent-57-8-million-on-the-entire-royal-family
Maybe if Obama took a few less vacations, they could've given those schools the funding they needed to protect the sandy hook kids. I...
I'm predicting late 2014-2015, but I expect it to be different than the last one. I dont expect all these "mortgage resets" that caused alot of people to go into forclosure. The housing prices are going to drop because of all the inventory that is going to get dumped onto the market in 2015 by...
Would they have been ok? How did they expect a strawberry picker who makes $300 per week(and thats seasonal work!) to pay on a $720,000 home?
http://www.sfgate.com/entertainment/article/Minorities-are-the-emerging-face-of-the-subprime-2565428.php
1) True, but with stocks you dont get 5x to 20x leverage, plus stocks go down in value alot more often than real estate does.
2)Fed will not raise rates until we inflate out of this mess.
3) Thats what property managers are for.
4) you don't have to pay a 6% transaction fee. You can...
More than half of all murders that occur every year (about 16,000+ total) are done by blacks. They are 12% of the population and more than 50% of the violence. If there were no blacks in the US, crime would be cut down more than 50%. Prison population would also be down more than 50%(saving...
I doubt the guy was even ever a millionaire. He lived in a home worth about $800k USD. Assuming 20% down on that home his mortgage would be about $3,500 to $4,000 per month. Since most people get the maximum home they can afford I'm guessing his mortgage was between 25% to 35% of his income...
I just got my real estate taxes lowered. When filed the paper work, they let me put what I think my house is worth and they let me pull the comps, haha! Got my taxes lowered almost 40%!
Just in time too because houses are starting to go up in value now that all those hedge funds have been...
Wow, $172 billion for just one month. And to think...in 2007 Bush ran the deficit up $161 billion...for the ENTIRE year! And thats with those 2 "unfunded" wars the democrats love to talk about.
Damn Obama...how many spinning rims & gold teeth can a brotha buy?
So let me get this straight. I make a post that 100% decimates your original post of global warming, and your only response to that is to change the subject and attack me personally?
That, my brother, is what desperate non-thinking people do. You were better off to just ignore my post...