Real Estate Talks

http://www.bloomberg.com/news/features/ ... -rich-kids

just think, china use to be a communist nation... now they're instagramming dogs with gold apple watches. Lol.

Get's a bit more serious as you read on.

"target practice" .. seriously though, I hope the US starts to realize how stupid they look with their indiscriminate bombing.

Realtors will go on and on and on and talk forever about this. Facts are very very simple and straightforward though. This is not a privacy issue. All this info is freely available, it's just painfully delayed. It's a simple matter of a conspiracy against the laity, in the words of shaw. Or Adam Smi...

bridges! we need bridges!

no kidding. what a ****ing joke.

Some did, sure, but not too often. Like you said, if the prices dropped then there would be vulnerability to the lender, so there was incentive to get the lots sold. Note that my father also subdivided and developed the lots as well - he engaged in this as another method of offloading the lots as so...

As Jimtan said, the devil is in the details. As legally binding as it might be though, you have to worry about whether or not you have first dibs on assets if the owner gets hit and goes bankrupt (as real estate speculators like to do). This is why the version where you're paying off just a deposit ...

Rent to own usually only works with family/friends. It's really about a non legally binding promise and allows the owner to claim ownership and borrow against it while still collecting revenue. Being family/friends their idea might be to actually sell it to you some day (or even just give it to you ...

That's very interesting. Let's see what happens.

Fair enough, I keep forgetting to add that to my advice. If you do go DYI, make sure you have a very good real estate lawyer (do NOT get a notary) on retainer. Pay extra $$$. Consult them on every step of the way, even if it costs $$$.

whipmaster, as the OP said: "They're in no rush to sell so I could just pull after two weeks. It's a pretty well known fact that realtors get more money when they sell their own house. Why is that? extripated, good post. WM, you might want to re-read it a couple of times: "I say go for it! definitel...

Jim, you are assuming the seller needs to sell.

It's just advice you'll hear from any realtor wanting to get paid sooner rather than later. Reality is, not everyone needs to sell in a hurry and some just want to test the market. Good luck finding a realtor willing to do that.

Yeah, we'll see what happens. I think we may just see more global inflation.

Usually the cycles involve raising rates. Rates were never raised.