BoogieWithStew (January 1, 1970 at 12:59 am)

It doesn't seem like you got a good deal. You're looking at* $50,000+ in repairs* Closing costs on all 3 properties* Realtor fees* $17K loss on your fiancee's propertyAnd the house is probably worth less than $615K today.I've seen REOs recently sell for much less than asking price.

alanhowitzer (January 1, 1970 at 12:59 am)

Lady, I have some advise for you.When you wake up tomorrow gather all the infomation you have on your houses.Go to your computer.Put all your houses on the market for 10% less then the asking market price.Put all your money into Euros, New Zeland dollars, and gold as the worst housing downturn of our lives begins to wreck havoc on the economy.

bos2veg (January 1, 1970 at 12:59 am)

buy like an appraiser rather than a realtor.

bos2veg (January 1, 1970 at 12:59 am)

why buy??? rent!! its not getting any better any time soon.

Punit29 (January 1, 1970 at 12:59 am)

You ARE HOT!!!! You look so beautiful on camera!...

kathydurbin (January 1, 1970 at 12:59 am)

Enjoyed the video. Sounds like you did your homework and it was worth the loss on the one home to get this deal. Congratulations.

88hawaii (January 1, 1970 at 12:59 am)

This is a fantastic video. I wanted to do real estate shopping blogs for a while, but I'm such an amateur. I learned tons from this video. Thanks for the upload! And you can ignore other people's negative comments - it was really educational to me! Thanks again!

javawhz (January 1, 1970 at 12:59 am)

when you said drive by shooting I didn't immediately realize you were talking about cameras :D LOL!

drumsnbass (January 1, 1970 at 12:59 am)

We are many years away from this all stabilizing -- if at all. it is possible this time around that the dollar based system of the world since Bretton Woods will actually break down, in which case we could be in as much trouble as Japan -- without their savings.

drumsnbass (January 1, 1970 at 12:59 am)

oh, it could well be more than 2 years, no doubt about it. i expect 2 years to be about bottom of this market, though it could be as long as 5 years.Starting in Jan 2007, and avge of $25B a month in sub-slime only mortgages reset every month for 24 months. This ignores the Alt-A and prime adjustables, which also show signs of stress. Then we get about 6-8 months of calm before we hit about 15 months of Option-ARM resets with about $15B/month for those as well.