Crunk Times, My friend.....Crunk Times

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Yupppppp

 

[bdawson72 5,000+ posts]

Corey flips houses

 

[DBfan187 5,000+ posts]

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GAME OVER!

 

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**** Jmanpc

 

[Chevillac 5,000+ posts]

I am perfectly okay with that if I'm the seller.
50K in 6 weeks can't possibly be too much work.

Umm, it is. And theres a lot of BS you go through that they definitely dont show on those tv shows. Read my posts from about June of last year to june of this year.

I would have to get a serious deal on a house right now to consider it for an investment.
Hell, I do not even want to buy a house right now for persoanl use. About to relocate a short distance and I have finally (I hope) convinced my wife we should lease for a year.

THe housing has seem to calm down. At least it seems like it to me. now that there isnt a huge thing of everyone trying to make money off it, the prices are going back down. Im even considering getting back into it. Ive seen 4 deals I want to pursue, and will be looking at them this weekend. They are in FL though.

It seemed as if you were implying that the flipping of houses was a problem.
Tis all

It is, and for the reasons flip posted. ANd thats just from a consumer side. As someone else trying to flip or buy and rent it raises the prices and also raises the prices of the cost of work.

speaking of leases, remember that craigslist thing you posted?
They talked about it in Fortune magazine this month....I lol'd...again

link?

It is.
Speculation artifically increases the price.

Say you are wanting to flip a house and sell it for a 10k increase...well that would convince a marginal house flipper to try to do the same. This person would sell for -10k under normal circumstances but, because his next door neighbor is selling his house for 10k too much, you do it to....and then his neighbor does it...and someone else does it.

It is the allure of these increases in price that raise all ships because it encourages irrational behavior of the maginal flipper.

A marginal flipper is one who would not normally sell, but the idea of gaining substaintial profit causes him to sell.

As more and more people try to sell, the price of the home deviates further and further from book value....this difference I attribute to speculation. As more and more speculation occurs, you are paying for a great percentage of speculation and less and less house.

//content.invisioncic.com/y282845/emoticons/word.gif.64b12e39f936af3b4fff38a1c0bd0244.gif this has even happened in b-more city, where the houses for sale are vacant and condemed. Remember those pics I posted of the houses I was looking, who would think to pay 60k for a house with no roof? Or holes in every floor.

True. But, I seriously doubt that neighbor upon neighbor would sell strictly because you flipped a house.
Houses in my neighborhood get sold randomly. But I have yet to see something like this occur.

Its possible though.

It happens, it happened big here and in FL, also in TX and Cali. THose are the places that stuck out the most to me.

Son of a bish. You totally had an ace in your pocket and didn't tell us. lawl
I'd still flip. //content.invisioncic.com/y282845/emoticons/fyi.gif.9f1f679348da7204ce960cfc74bca8e0.gif

do it.

Actually, they are more likely to appear in clusters. It is called spatial autocorrelation.
Here is a link:

http://www.mtsu.edu/%7Eeaeff/662/c09.pdf

And yes, it was my homework assignment last week. //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif

Im gonna read that later.

Just make sure you have watched a lot of those TV shows. You really need to know what you are doing. Especially now with the market like it is.

sarcasm?

Corey flips houses

Not anymore, but I am going to get back into it here shortly, maybe. But Im going to take a completely different approach this time.

 

[bdawson72 5,000+ posts]

Not anymore, but I am going to get back into it here shortly, maybe. But Im going to take a completely different approach this time.

Explain

 

[Worlddre 5,000+ posts]

black man in the house

 

[bdawson72 5,000+ posts]

Actually there are 3

 

[Chevillac 5,000+ posts]

I am still thinking of borrowing $10k in student loan money to finance an options trading venture.
What is holding me back is I have to wait until next year, and I need a phone that a) can go on the internet and works at the base.

I remember you mentioning this before. Didnt you talk yourself out of it?

Explain

I will after this weekend, when i come back from FL. I have about 3-4 weeks to decide what Im gonna do. I just saw some really good deals, and I'm going to check them out.

we will see.

 

[Chevillac 5,000+ posts]

I talk myself in and out of it....
I think I can do it but I am always afraid.

I just don't have the knowledge...I am only at the tip of the financial iceberg.

think you can do something significant, with less money? An mount that wont really affect you as much?

 

[bdawson72 5,000+ posts]

 

[Chevillac 5,000+ posts]

NWS. //content.invisioncic.com/y282845/emoticons/frown.gif.a3531fa0534503350665a1e957861287.gif

Cant believe i actually have to lookout for that now haha. Im glad i work in a space by myself. Dont have to worry about looking over my shoulder and shit. So its not too bad.

 

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Lawl