Real estate horror stories

Quote from TradEStar:

I second this motion! Plus, you NEVER do actually own a home..you can pay full cash for the house at the closing, and then for the next 30 years pay over 10k to 15k a year in property taxes to rent the land from the government!!! :D
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You always leverage real estate, buy the biggest house you can, its the biggest write off there is. Those who donot own real estate are shoving dollars into Uncle Sams lap right now.

Property taxes are a natural part of living in American and its not a rent , the real estate is a fee simple, its your own deed and there are no other ownership rights.
 
Quote from day7793:

Getting little Jealous there enh? Yes I have a beautiful home, a luxury home compared to your one bedroom shunted crab hole. Ahh this property has lots of land and trees and I am typing this from my spacious bedroom lying on gold brocade imported bed cover and hooked to a wireless network.

PS: The house has 7 flat screen TVs one in master bathroom, so I can watch the market while taking a dump.
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Got any pictures of this masion then muppet?
 
Quote from Longhorns:

Great call mokwit. I'm so used to his b.s. that I missed his glaring contradictions...




Followed by....




He's somehow buying real estate at 50 cents on the dollar (like the PRO that he is)...yet he's arguing that there is no downturn and we won't see drastic lows in prices.

BUSTED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
:D :D :D :D
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We are in a real estate recession. There is a downturn, but its a temporary downturn. You can't have it for a longtime. It never lasts.

Yes you can buy real estate for 50 cents on a dollar now.
 
Quote from mokwit:

Imagine, being able to do your washing in a room in your own house whilst viewing the garden to the sound of piped in music. This is the stuff of successful investors and entrepeneurs, nay a Titan of finance.

BTW, how can you be buying property at 50c on the $ when there is NO recession? (unless you are just a tool with long hairs [sic] who is making it all up)
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Hey stupid,

We are in a real estate recession. Unless you are drunk. There are always properties going for 50 cents on dollar good times or bad times. You need to know how to buy.

Lots of people here are waiting for a 50% drop that ain;t gonna happen in this lifetime.
 
Quote from day7793:


50% drop that ain;t gonna happen in this lifetime. There are always properties going for 50 cents on dollar
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Hi smart,
you sound confused.

by the way RE isn't in recession it is in DEPRESSION.
 
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