Housing Rolling Along 2

empee · Apr 8, 2006

i cant stop laughing

http://www.gothamist.com/archives/2006/03/29/real_estate_bub.php

balda · Apr 8, 2006

Quote from Chagi:

Interesting article, I was actually the most suprised by the gasoline budgets that she mentioned. $400/month was considered reasonable for her commute not so long ago, and is now more like $900??

It depends on the car, any Cadillac or full size truck or van with 11-14 MPG will do the trick

some people commute over 100 mile round trip and sometime being stuck in traffic.

wareco · Apr 8, 2006

Quote from empee:

i cant stop laughing

http://www.gothamist.com/archives/2006/03/29/real_estate_bub.php

I would'nt be surprised if this was an attempt to inflate the value of the property with a couple of phony resales in order to pump up the perceived value of the property. Having done that, the then current owner gets a large mortgage on the property, and promptly defaults.

Chagi · Apr 9, 2006

Quote from wareco:

I would'nt be surprised if this was an attempt to inflate the value of the property with a couple of phony resales in order to pump up the perceived value of the property. Having done that, the then current owner gets a large mortgage on the property, and promptly defaults.

Yup, that is definately one possibility. This one would probably additionally require fraud on the part of the appraiser though.

wareco · Apr 10, 2006

Homeless man qualifies for $614,000 in mortgages.

http://pqasb.pqarchiver.com/sptimes...sc=Investor,+or+pauper+or+merely+a+front+man?

dandxg · Apr 10, 2006

Quote from wareco:

Homeless man qualifies for $614,000 in mortgages.

http://pqasb.pqarchiver.com/sptimes...sc=Investor,+or+pauper+or+merely+a+front+man?

That is freakin funny, sad, and stupid at the same time. If the poor sap defaults, it serves the lender right. That lender should be forced out of business. What a bunch of idiots.

wareco · Apr 14, 2006

What's that popping sound I hear?

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2006/04/14/cnus14.xml

onewaypockets · Apr 16, 2006

http://www.redmondrealtyltd.com/listings.asp?listing=944

"Your chance to own one of the 1000 Islands! Pitch a tent, swim, picnic, hunt, fish, beach your boat. Located near western entrance to International Rift & close to Ivy Lea area marinas. Great views of surrounding islands."

lol...hunt?...pitch a tent!!!??? I have no idea what the "International Rift" is, but it sounds a bit ominous. Hate for my island to fall into that! A little slice of paradise for 50k...OWP

Chagi · Apr 16, 2006

Quote from onewaypockets:

http://www.redmondrealtyltd.com/listings.asp?listing=944

"Your chance to own one of the 1000 Islands! Pitch a tent, swim, picnic, hunt, fish, beach your boat. Located near western entrance to International Rift & close to Ivy Lea area marinas. Great views of surrounding islands."

lol...hunt?...pitch a tent!!!??? I have no idea what the "International Rift" is, but it sounds a bit ominous. Hate for my island to fall into that! A little slice of paradise for 50k...OWP

The part that really made me chuckle is that, according to the listing, you have to pay taxes on that island! $38/year. At least it comes with a tree.

jficquette · Apr 17, 2006

Quote from Chagi:

The part that really made me chuckle is that, according to the listing, you have to pay taxes on that island! $38/year. At least it comes with a tree.

Probably has an endangered species on it too.

John