Open Forum on Real Estate

11/17/2008:

Still confused by state of the Real Estate market? Searched the internet, watched the news, chatted with friends and are still scratching your head?

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Open forum at Century 21

Innovative Realty (74 Washington Street) is hosting an “Open Forum Discussion” about Real Estate this Wednesday, November 19th from 6pm to 8pm.

On hand will be a Mortgage Broker, Accountant and Financial Analyst to answer any questions you might have. Beverages will be served as well. Can’t hurt to check it out, I guess!

You can contact them at 201-792-7601 if you have any questions.

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18 Comments on "Open Forum on Real Estate"

ant
Member

There are times to rent.

There are times to buy.

There is no easy answer since each situation is unique to you and your needs.

Even in a bull/bubble market, renting can make sense. But also don’t be afraid to buy. We’re still right next to NYC and despite the bleeding of jobs right now, this region is strong.

So consider you specific needs and wants and act in your best interest.

Good luck

HansBrix
Member
HansBrix

Soon we will look nostalgically back at…

[quote comment]It’s a new paradigm, and everybody who doesn’t buy, now, will be priced out forever. Anybody who does buy will be rewarded with a lifetime of riches, as their property will continue its 30% yearly price increase.

Renters, and anybody born in a future generation, will not be able to afford a $15,000,000 starter condo in 15 years. They will live in tent cities in the cliffs, and Hondas along Sinatra Drive.

This asset bubble is different than all of the others – it will never slow down, or pop. The gains are permanent.[/quote]

There were retards who bought Amazon.com in 1999 when its stock price gave it a market cap larger than the entire US retail sector. I was almost one of them.

It’s amazing how people will put common sense aside when they want to believe something.

RUHOBO
Member
RUHOBO

[quote comment=”119178″]When get our next 50 bps go get a 3.5% 100K home equity and jam it towards your principal on your mortage and watch the bank officer choke. :mrgreen:[/quote]
I did just that from Sov bank. They gave me prime -101bps. I didn’t use the whole line because I would like to save some for reserves.

RUHOBO
Member
RUHOBO

sky…I hope you took their advice 3-4 yrs ago. some of you must be getting some great deals on rents. I know I can cash flow my place if I rented it out. I have to think you are renting from private guys that don’t charge market. They might have low cost basis and can cash flow on those low rents. Better indication are multi-family properties like 333 River and the Archstone place on Newark and Garden. If you need to be talked into buying a place then you should not buy.

ericwestham
Member
ericwestham

agreed. As long as there is still beer

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