green cloud wrote:
What happens when everyone starts dying off?
they bury and roast them, using water jugs to collect their body fluids
forgot to add that
green cloud wrote:
What happens when everyone starts dying off?
they bury and roast them, using water jugs to collect their body fluids
forgot to add that
green cloud wrote:
What happens when everyone starts dying off?
NEW retirees move in.
Arizona has a reputation for very shoddy construction. Sure, the 4 bedroom house you're looking at might be the price that's listed, but who knows how much repair work needs to be made to make the place even somewhat liveable. On these particular homes I have no idea how close they are to move in ready, but it wouldn't surprise me if they require tens of thousands of dollars (if not more) in repairs. You need to factor that into the cost of the home before you get a real feel for how 'cheap' the home is.
Hopefully you've picked up a few of those cheap houses, flagpole!
Mantis Toboggan wrote:
How much would property taxes run you on a 100K house?
According to Zillow.com, the taxes paid on that house in 2009 were $1,332, or about $2,200 LESS than what I pay annually on my current house.
I have a lakefront house, worth $240,000, and pay $1,200 in property taxes.
Sure the public schools suck, but I'm not going to school here.
I started looking at cheap housing about a year ago when I came down to south carolina for my internship. Ended up getting a 4 br 2.5 bath 2108 sf home for $120k. Got an FHA loan so didn't have to put very much down. Rent out the other rooms and I have $440 cash flow every month. The area seems like it will see quite a bit of growth in the next few years so when things turn around selling shouldn't be too much of a problem. Beautiful area so im in no rush.(Near Hilton Head Island).
Biggest reason for doing it was so I only have to work part time, and can relax, go to the beach, and train more often.
SC Breezy wrote:
I started looking at cheap housing about a year ago when I came down to south carolina for my internship. Ended up getting a 4 br 2.5 bath 2108 sf home for $120k. Got an FHA loan so didn't have to put very much down. Rent out the other rooms and I have $440 cash flow every month. The area seems like it will see quite a bit of growth in the next few years so when things turn around selling shouldn't be too much of a problem. Beautiful area so im in no rush.(Near Hilton Head Island).
Biggest reason for doing it was so I only have to work part time, and can relax, go to the beach, and train more often.
This brings up a good point. There has to be a threshold at which the crash in housing prices becomes a greater benefit to the economy than a drag. Right now, lots of people are losing their shirts on their homes. But, once they realize their losses, others will have the opportunity to get dirt cheap housing and will have more disposable income as a result. Businesses will see less wage pressure because people can relocate for much less than pre-2008 (assuming they did not get caught up in the bust).
For example, I know a couple in Cleveland OH who are new attorneys (2-3 years out of law school). They bought a great 4 bedroom for 120k. Pre-crash, it would have sold for over 200k. They are basically getting half priced housing. But, their salaries are the same as they would have earned pre-crash. So, they have piles of extra disposable income.
I am not sure when, but at some point there is a light at the end of this tunnel.