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This pi post really draw some realtors' attention!

victorchaivictorchai
edited August 2008 in Seattle Real Estate
http://blog.seattlepi.nwsource.com/real ... 146774.asp
And since I am new! Hello every1!
Hello the TIM!

Comments

  • MarkorMarkor
    One comment therein: "Real estate is always a completely local issue and yet the media continues to make sweeping national pronouncements ..."

    How long does real estate have to be a nationwide issue before it's no longer considered a completely local issue?
  • victorchaivictorchai
    I really like this guy Mack McCoy,quote "If your goal is to live your life in a home of your own, and you spend six years on the sidelines after getting priced out, you pretty much have to either give up the dream or move out of town, don't you?

    We don't stay young forever. At some point in our lives, waiting five years for the market to be more favorable isn't a good option, even if we run the risk of losing money. Because sometimes, the whole point of money is to buy what you want with it.

    If you have other goals - which many people have at different times of their lives - then maybe you'd only get into the market as a speculator; the idea of living rent-free for a few years as you ride the market up, then skip town with your winnings.

    For most people, once they get into real estate ownership, they're not planning to get out of it. So then the primary question might not be how little you'll have to pay for the house next year, it could be much house you'll end up with after you've traded up, retired, and are ready to trade down."
    Basically he was saying if you buy a $500000 house right now, then for the next five years, you will achieve your lifetime goal of not only live there five years for free, but also making a "return" of -130000(that is if the house only drops 20%+6% comm),plus working your butt off for this "undervalue" half million great investment of your life. Plus, you bailed out some flopper,helped local economy and saved another Realtor's ass, with a big "thank you " note from your Buddy Macy on your frig...
    And guess what, he is a Realtor....What a surprise!!!
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