Housing Rolling Along 2

Quote from canyonman00:

Hmm, enjoy the fact that the home is yours. From your description of things, you are in a great fiscal place. Stay there!

Do you like your community? Is it stable or upgrading? Borrow $75,000 and upgrade the appliances, fix the roof, repaint the place, redo the floors, get a new mattress (sleep better), grab a few new polo's and slacks, put a few bucks into personal debt retirement. Anything left, use it for savings and emergency purposes! Take five years (or less) and pay that loan off. Breathe! You have a lot of life ahead, take time and enjoy it. :)
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Thanks for replying and for your advice...Yes, I like my community here on Long Island but would consider relocating but just not sure where to...warm weather appeals to me so maybe Florida. But if it was Florida I would like to explore the area north of Jacksonville right below GA...Ormond Beach area etc..?

I'm a girl and have been dating the same guy for some time now but he is not the guy I want to spend the rest of my life with and he knows that as well so I am free to go anywhere....I just want to do something financially healthy...maybe even stay put as my house is paid for and in a desirable area....Oh well, I am in no hurry.

Thanks again.
 
Quote from Star:

Thanks for replying and for your advice...Yes, I like my community here on Long Island but would consider relocating but just not sure where to...warm weather appeals to me so maybe Florida. But if it was Florida I would like to explore the area north of Jacksonville right below GA...Ormond Beach area etc..?

I'm a girl and have been dating the same guy for some time now but he is not the guy I want to spend the rest of my life with and he knows that as well so I am free to go anywhere....I just want to do something financially healthy...maybe even stay put as my house is paid for and in a desirable area....Oh well, I am in no hurry.

Thanks again.
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Fix it up, take your time and enjoy! :)
 
Quote from Star:

Thanks for replying and for your advice...Yes, I like my community here on Long Island but would consider relocating but just not sure where to...warm weather appeals to me so maybe Florida. But if it was Florida I would like to explore the area north of Jacksonville right below GA...Ormond Beach area etc..?

I'm a girl and have been dating the same guy for some time now but he is not the guy I want to spend the rest of my life with and he knows that as well so I am free to go anywhere....I just want to do something financially healthy...maybe even stay put as my house is paid for and in a desirable area....Oh well, I am in no hurry.

Thanks again.
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Star,

My sister and her husband live in LI. Whereabout in LI are you? I worked in the City adn lived in NJ back in 2003-2004. But I'm now in a much warmer climate in Cali.

Seems like you are in a great shape financially. So, take your time and explore your options. But cashing out now wouldn't be a bad point especially if you plan to move to a less expensive location.

Are you involved in the markets as well?
 
Quote from trader99:

Star,

My sister and her husband live in LI. Whereabout in LI are you? I worked in the City adn lived in NJ back in 2003-2004. But I'm now in a much warmer climate in Cali.

Seems like you are in a great shape financially. So, take your time and explore your options. But cashing out now wouldn't be a bad point especially if you plan to move to a less expensive location.

Are you involved in the markets as well?
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Hi,

I am in Eastern Suffolk County..I love it due to the ocean beaches, the sound beaches, the bay beaches and low crime (at least where I am) but for some reason I keep thinking about moving to someplace else..probably warmer....I have spent quite a bit of time in South Florida but really don't know if I would like living in Florida...

As for the markets, I just trade my own account..mostly options...have done very well in 2004-2005..thanks mostly to GOOG :)
 
I grew up there then moved south. I say make the trade! i was just at my pool :) and friends in NY/saten Island etc. were complaining about the cold rain.

My opinion is the RE there is rich but not total bubble, just enough to make all the owners w/ oversized mortgages sweat. taxes are high too.
there wasn't enough reason to keep me. I could go on and on, but if you can, there's lots of great places to check out. PM me to chat more.
 
I think we will see more and more of this coming soon...can't re-fi, please help us, say a prayer, sickness, divorce, job loss....welcome the new comp in the neighborhood as the marginal weak hands slip under the still waters... the bank eventually sells the house in a declining market. Note they are willing to pay almost 50% interest for a hard money loan (note to be secured on the property with already a neg 25k equity, not counting being behind in property taxes....lol)...Gulp, sure this can work....OWP

pleasehelpus.jpg
 
I dont understand go why they dont just walk away and let the property go into forclosure and file for bankruptcy?What do they have to lose their credit is already probably below 550. The bank would probably forgive them the difference between the sales price and the loan amount and they would end up owing money to the big loan shark the IRS woth 18% interest + the taxes on the property. It just makes much more sense to me if they do that.
 
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