I Hope The Housing Market Crashes

[C.P.]

my ... .02 cents

LY, while building my new home, I had to make improvements to sell my exisiting home...amire $4K..not a big deal...

when I closed/bought my new house...I still had the old house..

I didn't owe anything on the first house..except... gas, elec...ect..

When I finally sold the old house I took a $75k hit....but

in looking back I made alot on my new house....(lot, labor, materials and RS)...almost a wash..

So I guess...my new home of 5000sq.....is still in the black....

I don't owe on this house but the taxes are F-CKED up..

I feel bad for those who can't make their notes....:sad3:

I't seems to me, we have 1 more year of this (after the election)..

it's a shame...but... just a fact of life....

hang in there...

 

[WVU]

5000 sq feet. Very nice CP. You don't owe anything on it?

 

[nascarphenom]

I am in the process of starting to shop around for my first home. I am a 25 year old is VA making roughly 7,000 gross per month with good credit. I know rates are 5.25 right now and I hear they may drop again at the end of the month. I am in the car business and I know logic on how to buy a car, and im going to assume house buying will be very similar.

I am totally new to home buying. What are your opinions on guiding me through the process? I want to invest in something that will obviously build equity over the next 5 years. Off the top of my head, here is what I am thinking I want to look at.

1) I AM FIRST AND FOREMOST LOOKING TO BUILD LONG TERM EQUITY. with rates real low and a lot of houses that have been on the market for 6-10 months, i should be able to low ball a bunch of houses hoping that someone will bite. As per car buying, buying a house at below appraised value should equate to good money down the road

2) Buying 2/3 bedroom house in good school district for resale value.

3) Would prefer a house that needs some landscaping help. I love working in the yard and I would think that a upgrade in landscape would dramatically increase property value

4) How are property taxes applied? are they a percentage of your estimated property value? if so, who makes up that price? do I have to pay to get it appraised each year? Can I apply taxes to my mortgage payment, or do I just need to budget them during the year?


Id appreciate any help from you gentleman...im a virgin and I need my cherry popped :hump:

 

[C.P.]

5000 sq feet. Very nice CP. You don't owe anything on it?

No sir...I don't....not trying to brag..(if you see all my post I'm not that way)..

I have had a pretty good life...wife kids etc... not much on bragging..

I will tell you though...I bought a place in Ft Myers... 2 yrs ago...

and almost stole it...listed at $360k....got it for $270k..

I don't rent it out it's for the family and friends...just lookin' out for my kids... they will enjoy it I' m sure...down the line...

thank you for asking...

C,P.

 

[WVU]

No sir...I don't....not trying to brag..(if you see all my post I'm not that way)..

I have had a pretty good life...wife kids etc... not much on bragging..

I will tell you though...I bought a place in Ft Myers... 2 yrs ago...

and almost stole it...listed at $360k....got it for $270k..

I don't rent it out it's for the family and friends...just lookin' out for my kids... they will enjoy it I' m sure...down the line...

thank you for asking...

C,P.

Very nice to not have a mortgage on a nice big house. Taxes can be a mortgage payment though as I have found out. I wish you the best.
:aktion033

 

[WVU]

I am in the process of starting to shop around for my first home. I am a 25 year old is VA making roughly 7,000 gross per month with good credit. I know rates are 5.25 right now and I hear they may drop again at the end of the month. I am in the car business and I know logic on how to buy a car, and im going to assume house buying will be very similar.

I am totally new to home buying. What are your opinions on guiding me through the process? I want to invest in something that will obviously build equity over the next 5 years. Off the top of my head, here is what I am thinking I want to look at.

1) I AM FIRST AND FOREMOST LOOKING TO BUILD LONG TERM EQUITY. with rates real low and a lot of houses that have been on the market for 6-10 months, i should be able to low ball a bunch of houses hoping that someone will bite. As per car buying, buying a house at below appraised value should equate to good money down the road

2) Buying 2/3 bedroom house in good school district for resale value.

3) Would prefer a house that needs some landscaping help. I love working in the yard and I would think that a upgrade in landscape would dramatically increase property value

4) How are property taxes applied? are they a percentage of your estimated property value? if so, who makes up that price? do I have to pay to get it appraised each year? Can I apply taxes to my mortgage payment, or do I just need to budget them during the year?


Id appreciate any help from you gentleman...im a virgin and I need my cherry popped :hump:

taxes and insurance can all be escrowed into your mortgage payment. In facty some lenders require it. You should be in great position to buy a nice house at value prices. Your income and credit should allow you a house in the $250k-300k range

 

[C.P.]

Taxes can be a mortgage payment though as I have found out. I wish you the best.
:aktion033

Yes they can...

All the best to you and yours..

If your in the Ft Myers area (Cape Coral)..let me know..

 

[nascarphenom]

taxes and insurance can all be escrowed into your mortgage payment. In facty some lenders require it. You should be in great position to buy a nice house at value prices. Your income and credit should allow you a house in the $250k-300k range

What are appox taxes on a Va home at 250k? Im all about budgeting!

I was looking at a 259,000 house as a guide and mortgage is roughly 1400 and change.

If my take home is roughly 5200 on average (commission pay), and my only bill is my car which I just had refinanced from 410 to 215.

So a mortgage payment of lets say 1500, a 215 car payment and cable/water/electric bills combine for maybe 250ish, cell phone paid by company.

My bills total approx 2,000....not included food and gas (and alcohol :toast

I should be able to safely bank 2,000 per month which I would apply partially to mutual funds and the rest in savings. Working in commission work, you have to budget the good and the bad. I would like to apply good months extra earning towards principle on home/car

 

[Budworth22]

Yes they can...

All the best to you and yours..

If your in the Ft Myers area (Cape Coral)..let me know..

C.P., I am often in the Fort Myers (Estero) area.

 

[WVU]

What are appox taxes on a Va home at 250k? Im all about budgeting!

I was looking at a 259,000 house as a guide and mortgage is roughly 1400 and change.

If my take home is roughly 5200 on average (commission pay), and my only bill is my car which I just had refinanced from 410 to 215.

So a mortgage payment of lets say 1500, a 215 car payment and cable/water/electric bills combine for maybe 250ish, cell phone paid by company.

My bills total approx 2,000....not included food and gas (and alcohol :toast

I should be able to safely bank 2,000 per month which I would apply partially to mutual funds and the rest in savings. Working in commission work, you have to budget the good and the bad. I would like to apply good months extra earning towards principle on home/car

Real Estate Tax Drops in Richmond
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</TD></TR></TBODY></TABLE>
</TD></TR></TBODY></TABLE>
If you own a home in Richmond you could be paying less on your next tax bill. Richmond's City Council met last night to set the new real estate tax rate. During that meeting, Council members decided to lower the rate to $1.23 for every one hundred dollars of assessed property value.













1.23 tax rate equates to $3185.70 on a $259,000 house.

 

[Budworth22]

If only Florida property taxes could be that cheap.
​

 

[Budworth22]

A friend of mine who is very smart, but I think she is missing the boat here...


her: we're in a recession
the same situation we were in in 2001
me: haha. no, it is much bigger than that
MUCH bigger

her: and the government issued the money back, and everything was fine. It's really no big deal.










​

 

[C.P.]

C.P., I am often in the Fort Myers (Estero) area.

I have a place near...Edison college ...near Cape Coral ..10 min..

GREAT EATS...out here...

sold my place on Ft.Myers Beach...(to much traffic and b_llshit)

Check out.....BoneFish...Univ. Grill...PrawnBroker..Mel's..for the lemon grouper...good stuff..

also to watch a game.... this is the place..

http://bonitasprings.com/places/shoeless_joes_sports_cafe/

nice time

:drink:

 

[nascarphenom]

Real Estate Tax Drops in Richmond
<TABLE id=wnStoryBox style="DISPLAY: none" cellSpacing=3 cellPadding=0 width=180 align=left bgColor=#ffffff border=0 NAME="D20"><TBODY><TR><TD><!--AD 180x150 LOCAL--><TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD align=middle><IFRAME id=wnsz_20 style="VISIBILITY: hidden" border=1 name=wnsz_20 marginWidth=0 marginHeight=0 frameBorder=0 width=180 scrolling=no height=150 allowTransparency><SCRIPT LANGUAGE='JavaScript1.1'>if (document.layers) {document.write('<SCR' + 'IPT language=JavaScript1.1 SRC=""/Global/ad.asp?type=single&cls1=News&src1=loc&spct1=100&sz1=wnsz_20&callType=script />'); document.close();}</SCRIPT></IFRAME><SCRIPT language=JavaScript1.1>coreAdsCreate('wnsz_20', 'loc', '100', 'wnsz_20', 'News');</SCRIPT></TD></TR><TR><TD align=middle>

</TD></TR></TBODY></TABLE>

</TD></TR></TBODY></TABLE>
If you own a home in Richmond you could be paying less on your next tax bill. Richmond's City Council met last night to set the new real estate tax rate. During that meeting, Council members decided to lower the rate to $1.23 for every one hundred dollars of assessed property value.













1.23 tax rate equates to $3185.70 on a $259,000 house.

thanks WVU! as you stated earlier, I could roll that 3185 into my mortgage payment each year?

 

[WVU]

thanks WVU! as you stated earlier, I could roll that 3185 into my mortgage payment each year?

yes you can escrow it and pay monthly. For a $259k house expect your total payment of mortgage, taxes, and insurance to be roughly $1900 per month

 

[Budworth22]

I have a place near...Edison college ...near Cape Coral ..10 min..

GREAT EATS...out here...

sold my place on Ft.Myers Beach...(to much traffic and b_llshit)

Check out.....BoneFish...Univ. Grill...PrawnBroker..Mel's..for the lemon grouper...good stuff..

also to watch a game.... this is the place..

http://bonitasprings.com/places/shoeless_joes_sports_cafe/

nice time

:drink:

I grew up in the 239 (old 941). PrawnBroker is great. Skip-one used to be amazing, but not anymore. For really good steaks and overall dining, I recommend Stonewood Grill (on college parkway, by 7-11). Bonefish is pretty good, but I am sort of averse to eating at a chain Seafood place when we are right on the water. For Sushi, Tokyo Bay Bonita beats Blu everytime. Cru is a decent place for eats, as is Cin-Cin.

 

[C.P.]

I grew up in the 239 (old 941). PrawnBroker is great. For really good steaks and overall dining, I recommend Stonewood Grill (on college parkway, by 7-11). Bonefish is pretty good, .

I have never seen this place....is it tucked away .....hell I been to the Comedy Club

over there 10-15 times..last time sucked..btw

what am I missing.....:think2:

 

[Budworth22]

I have never seen this place....is it tucked away .....hell I been to the Comedy Club

over there 10-15 times..last time sucked..btw

what am I missing.....:think2:

Yeah, sorta tucked away.
<table border="0" cellpadding="5" cellspacing="0" width="100%"><tbody><tr><td>Ft. Myers
7091-9 College Parkway
Ft. Myers, FL 33907

Phone: (239)936-0143

</td> </tr> <tr><td>Directions: Located on the corner of College Parkway and US-41.View Map

</td></tr> <tr><td> Hours of Operation <table border="0" cellpadding="3" cellspacing="0"> <tbody><tr> <td rowspan="7" width="10">
</td> <td class="maintext">Monday</td> <td class="maintext" align="right"> 4:00 </td> <td class="maintext" align="center">-</td> <td class="maintext" align="right"> 10:00 </td> </tr> <tr> <td class="maintext">Tuesday</td> <td class="maintext" align="right"> 4:00 </td> <td class="maintext" align="center">-</td> <td class="maintext" align="right"> 10:00 </td> </tr> <tr> <td class="maintext">Wednesday</td> <td class="maintext" align="right"> 4:00 </td> <td class="maintext" align="center">-</td> <td class="maintext" align="right"> 10:00 </td> </tr> <tr> <td class="maintext">Thursday</td> <td class="maintext" align="right"> 4:00 </td> <td class="maintext" align="center">-</td> <td class="maintext" align="right"> 10:00 </td> </tr> <tr> <td class="maintext">Friday</td> <td class="maintext" align="right"> 4:00 </td> <td class="maintext" align="center">-</td> <td class="maintext" align="right"> 11:00 </td> </tr> <tr> <td class="maintext">Saturday</td> <td class="maintext" align="right"> 4:00 </td> <td class="maintext" align="center">-</td> <td class="maintext" align="right"> 11:00 </td> </tr> <tr> <td class="maintext">Sunday</td> <td class="maintext" align="right"> 12:00 </td> <td class="maintext" align="center">-</td> <td class="maintext" align="right"> 9:00 </td> </tr> </tbody></table>
</td></tr> <tr><td> Private Dining Room A Private Dining Room is available at this location for parties, special events and meetings. Please contact this location to determine availability and to make reservations.

</td></tr> <tr><td> Upcoming Events <table border="0" cellpadding="3" cellspacing="0" width="400"> <tbody><tr> <td rowspan="2" width="10">
</td> <td colspan="3">
</td> </tr><tr> <td class="maintext" nowrap="nowrap" valign="top" width="100">First Sunday of every month </td> <td class="maintext" valign="top">St. Farancis Xavier Family Night </td> <td class="maintext" valign="top">Details</td> </tr></tbody></table>
</td></tr> <tr><td>What to expect from Stonewood Grill Stonewood Grill is an upscale dinner only establishment. While dress is casual, the ambience is reserved and inviting. Try a quiet dinner in our dining room or relax over drinks in our well appointed tavern. Our menu includes a mix of steak, seafood and pasta dishes prepared by our Executive Chefs.

</td></tr></tbody></table>

Place is money cp, check it out. You and a date can get up and down for 175 with a good bottle.

 

[C.P.]

Yeah, sorta tucked away.
<TABLE cellSpacing=0 cellPadding=5 width="100%" border=0><TBODY><TR><TD>Ft. Myers
7091-9 College Parkway
Ft. Myers, FL 33907

Phone: (239)936-0143


</TD> </TR> <TR><TD>Directions: Located on the corner of College Parkway and US-41.View Map


</TD></TR> <TR><TD> Hours of Operation <TABLE cellSpacing=0 cellPadding=3 border=0> <TBODY><TR> <TD width=10 rowSpan=7>

</TD> <TD class=maintext>Monday</TD> <TD class=maintext align=right> 4:00 </TD> <TD class=maintext align=middle>-</TD> <TD class=maintext align=right> 10:00 </TD> </TR> <TR> <TD class=maintext>Tuesday</TD> <TD class=maintext align=right> 4:00 </TD> <TD class=maintext align=middle>-</TD> <TD class=maintext align=right> 10:00 </TD> </TR> <TR> <TD class=maintext>Wednesday</TD> <TD class=maintext align=right> 4:00 </TD> <TD class=maintext align=middle>-</TD> <TD class=maintext align=right> 10:00 </TD> </TR> <TR> <TD class=maintext>Thursday</TD> <TD class=maintext align=right> 4:00 </TD> <TD class=maintext align=middle>-</TD> <TD class=maintext align=right> 10:00 </TD> </TR> <TR> <TD class=maintext>Friday</TD> <TD class=maintext align=right> 4:00 </TD> <TD class=maintext align=middle>-</TD> <TD class=maintext align=right> 11:00 </TD> </TR> <TR> <TD class=maintext>Saturday</TD> <TD class=maintext align=right> 4:00 </TD> <TD class=maintext align=middle>-</TD> <TD class=maintext align=right> 11:00 </TD> </TR> <TR> <TD class=maintext>Sunday</TD> <TD class=maintext align=right> 12:00 </TD> <TD class=maintext align=middle>-</TD> <TD class=maintext align=right> 9:00 </TD> </TR> </TBODY></TABLE>

</TD></TR> <TR><TD> Private Dining Room A Private Dining Room is available at this location for parties, special events and meetings. Please contact this location to determine availability and to make reservations.


</TD></TR> <TR><TD> Upcoming Events <TABLE cellSpacing=0 cellPadding=3 width=400 border=0> <TBODY><TR> <TD width=10 rowSpan=2>

</TD> <TD colSpan=3>

</TD> </TR><TR> <TD class=maintext vAlign=top noWrap width=100>First Sunday of every month </TD> <TD class=maintext vAlign=top>St. Farancis Xavier Family Night </TD> <TD class=maintext vAlign=top>Details</TD> </TR></TBODY></TABLE>

</TD></TR> <TR><TD>What to expect from Stonewood Grill Stonewood Grill is an upscale dinner only establishment. While dress is casual, the ambience is reserved and inviting. Try a quiet dinner in our dining room or relax over drinks in our well appointed tavern. Our menu includes a mix of steak, seafood and pasta dishes prepared by our Executive Chefs.


</TD></TR></TBODY></TABLE>

Place is money cp, check it out. You and a date can get up and down for 175 with a good bottle.

Sounds Good..I think I know where this at....

As far as a date I'm quite sure my wife of 20+ yrs...

might not agree w/post.. but,,bring on the dates..

 

[Fishhead]

WOW!

New home sales report just in off the wire.........the results..........

DOWN 4.7%..........12 year low.