Archive for the 'Scenario 2' Category
This is the reason we have a stall ( A Bibble) if not a bubble
The New York Times Reports the hot market for second homes slump.
It was reported by the NAR that last year approximately 25% of home sales were for second homes.
I didn’t buy it. Interest rates for second homes are typically the same as a primary residence. Rates for rentals, investment homes are higher.I believe we had liar buyers. Borrowing as a second home with plans to rent out the little pearl.
It is harder to make things pencil now. People that are buying second homes are fewer because they really are buying as second home. The others have gone somewhere else to invest.
I think you could call it fraud, if you told the bank it was a second home, and lied to get a lower rate on a rental property.
So what should you do? Kick the renters out.
The question is, where are they investing now? Blogs?
Larry Cragun
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Scenario 2: The investor
We haven’t written for you much. Some was in fun. Shame on us. So lenders, friends, experienced, or in need: Write on. Larry Cragun
No commentsDo you know where the best on-line aerial maps of homes can be found?
Local.live.com
In some cities they have what is called a birds eye view.
That is really the best.
The site sometimes is slow in loading, but worth it.
1 commentSometimes people really shine.
Yesterday Tiger Woods did. Sure he won the British Open, but it was after where he really showed class.
It makes you think that what we do for a living in life is less important than how we go about doing it. If you have had a chance to see or hear his acceptance speach you know what I mean.
I hope to use this site to motivate people to step a bit higher in how they do their business, in this case buying, borrowing, and providing those services. Larry Cragun
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