Looking to buy a third house...

  • Posted by a hidden member.
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    May 25, 2008 11:47 PM GMT
    I have one on the beach in Lower Alabama,and one in Iowa, where should my third be. With prices so low I have to buy again...
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    May 26, 2008 12:16 AM GMT
    Scottsdale Arizona, and do I have a realtor for you!!!

    Seriously though, choose a place that is generally considered a great vacation location for winter visitors. Their markets generally return the fastest.
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    May 26, 2008 1:29 AM GMT
    ^ I wish that was holding true for South Florida. But, in reality, the market here has tanked so bad, it's going to be years before it's even stable, much less "bounced back".
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    May 26, 2008 1:39 AM GMT
    We've acutally started seeing prices in the better locations head back up a little already. Which is good news for sure.

    I understand that San Diego is in the process of tanking again too.
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    May 26, 2008 2:31 AM GMT
    A great winter vacation place? That would be Michigan (nature's winter wonderland)... and I have a house for you (or anyone else looking).
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    May 26, 2008 2:57 AM GMT
    caesarea4 saidA great winter vacation place? That would be Michigan (nature's winter wonderland)... and I have a house for you (or anyone else looking).

    Iowa has snow and ice, and nothing much doing in the winter, that is why I tend to spend winters in Alabama.
    But what would there be to do in Michigan during the winter I might like?
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    May 26, 2008 4:18 AM GMT
    Buy my home as I want to move to Izmir he he he
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    May 26, 2008 5:32 AM GMT
    Burn in hell, capitalist pig! icon_mad.gif

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    May 26, 2008 6:14 PM GMT
    PhxAriz08 saidI agree with polobutt... You'll get a nice house like that in Arizona for a better price. I used to work with real estate company and know a friend is a realtor.
    ImageStore.dll?id=D5921D37A937417F&w=400
    ImageStore.dll?id=551F5D508B382B9A&w=400

    This house is on sale around $800,000

    6 bedrooms
    5 bathrooms

    Ask me for more detail... That house is my neighbor lol

    This looks good so far, under the Million I planned to spend..
    Looking to pay cash not loan approval needed..
    What is the area like?
    What is there to do?
    How is the weather and when is the best time of the year to be there?
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    May 26, 2008 6:42 PM GMT
    Football_Lover> what would there be to do in Michigan during the winter

    http://www.michigan.org/Things-to-Do/Snow-Sports/Default.aspx

    After that you can cuddle up by the fireplace (there are 2 in my old house, one wood, the other gas) with a Michigan man. The rest is up to you. (:
  • geoffrey

    Posts: 16

    May 26, 2008 7:36 PM GMT
    where do i buy my 3rd HOUSE how can you be so up your own arse!! its pathetic . people ..,well most of us are not impressed with what you own or where you live. I and im sure most guys prefer BIG PERSONALITIES not wow arent I great !!! I own 3 houses. Im not envious because I am financialy secure, I just dont choose to brag about it.
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    May 26, 2008 7:46 PM GMT
    geoffrey saidwhere do i buy my 3rd HOUSE how can you be so up your own arse!! its pathetic . people ..,well most of us are not impressed with what you own or where you live. I and im sure most guys prefer BIG PERSONALITIES not wow arent I great !!! I own 3 houses. Im not envious because I am financialy secure, I just dont choose to brag about it.


    I really don't think he was bragging. The market is shit and lots of people I know are buying 2nd and third homes in hopes they will make wise investments.

    If I were buying what will essentially be a vacation home, I would probably ask my friends where that should be. Since many of his friends are on RJ, why does it bother you that he asks?
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    May 26, 2008 8:02 PM GMT
    Football_lover,

    depends on what you're trying to do and where you want to be. I have spent many years in real estate development spanning industrial to residential. You can make wise investments in any market. at any price point. Just make sure you know the market in which you are buying.

    It goes without sayng that the most speculative markets have seen the heaviest hit in the last 18 months. The price spread between what I can build for and what I can sell for have both fallen. As I turn inventory my build cost is lower and I'm pricing lower. So be careful.

    Tom
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    May 26, 2008 10:33 PM GMT
    There are many great homes under $1,000,000 that are really amazing. I personally prefer Scottsdale, Tempe or the Camelback Corridor and the homes there all have great resale values and are always very popular areas. It's still a good idea to stay out of the outlying areas unless you want to use the homes as rentals. Their values will pick up over the next few years, but that is also where the majority of the foreclosures are taking place.

    And the market is doing pretty well again. I put 5 homes in escrow in the past few weeks and have a 3 other clients that I should be writing offers for in the next couple weeks.
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    May 26, 2008 11:09 PM GMT
    The housing market has yet to bottom out. We are close, but no cigar...I say give it 3 more months then seriously look (after prime moving season).

    Remember there are going to be some area that are expensive regardless (NYC, San Fran, Chicago, etc) as they will continue to be highly desirable.

    Start your search in VACATION areas with a high foreclosure rate (obviously) those will be your best bets:

    Florida
    Texas
    California
    North Carolina (OBX)

    Give those a shot and see what you find.

    Best of luck,

    KP
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    May 26, 2008 11:22 PM GMT
    FOOTBALL! buy a house in socal! that way I can have a free place to stay when I come out.

    a third house isn't all about 'you' ya know. It's really supposed to be about me, and what I want. GEEZ! think of someone else for a change!

    (or buy one in Pullman, WA...that way I can stalk zdrew much more easily).
  • Posted by a hidden member.
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    May 26, 2008 11:25 PM GMT
    Arizona, SoCal, all the same: 5 minute drive to find 80 illegals to paint your house. icon_rolleyes.gif
  • CSPYNY

    Posts: 187

    May 27, 2008 12:17 AM GMT
    I've heard that Alabama isn't terrible for gay people. Is that true?
  • CuriousJockAZ

    Posts: 19133

    May 27, 2008 12:19 AM GMT
    I dunno...they may give ya a hard time about your pink laptop icon_lol.gif
  • Posted by a hidden member.
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    May 27, 2008 12:26 AM GMT
    geoffrey saidwhere do i buy my 3rd HOUSE how can you be so up your own arse!! its pathetic . people ..,well most of us are not impressed with what you own or where you live. I and im sure most guys prefer BIG PERSONALITIES not wow arent I great !!! I own 3 houses. Im not envious because I am financialy secure, I just dont choose to brag about it.


    I was not bragging. I am just looking for a great deal due to market.
    But you are entitled to your opition of me.
    I of course don't have to listen to it..
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    May 27, 2008 1:09 AM GMT
    I envy you having two houses (although I don't envy you the upkeep). If I had my choice I would want to live in Vermont or New Hampshire in the east, and northern California, Oregon or Washington in the west. I like the change of seasons. I wonder if a good deal could be had north of San Fran.?
  • theONLYallan

    Posts: 69

    May 28, 2008 1:21 AM GMT
    PhxAriz08 saidI can't wait to move out of my parent house... lol This house is gorgeous. $1,599,900 North Phoenix close to Scottsdale.

    ImageStore.dll?id=1073122966F66A13&w=400
    ImageStore.dll?id=90E685526CE37560&w=400

    Again, you can find houses like this lower than 1,000,000.


    omg, a house like this would cost $10mil in Vancouver..
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    May 28, 2008 1:43 AM GMT
    Football_lover said

    I was not bragging. I am just looking for a great deal due to market.


    Then later...

    "This looks good so far, under the Million I planned to spend.. Looking to pay cash not loan approval needed.."

    No, not bragging. Not in the least. icon_rolleyes.gif Give me a break.

    The self-aggrandizing threads that have popped up here lately are getting a little tiresome.
  • Posted by a hidden member.
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    May 28, 2008 5:16 AM GMT
    PhxAriz08 saidI can't wait to move out of my parent house... lol This house is gorgeous. $1,599,900 North Phoenix close to Scottsdale.

    ImageStore.dll?id=1073122966F66A13&w=400
    ImageStore.dll?id=90E685526CE37560&w=400

    Again, you can find houses like this lower than 1,000,000.

    Looks like an interesting house, But it also looks like my neighbors are way to close...
    I don't want complates when I have people over because of the noise..
  • Posted by a hidden member.
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    May 28, 2008 7:29 AM GMT
    All of Scottsdale is like that. WOuld start shooting the neighbors if I had to live that close. icon_mad.gif

    My family, historically, doesn't get along with neighbors. We've been in the newspaper for cow-napping. They call it a feud in town. Pfft.
    In Superior Court with the cow-napping victim's son-in-law; he's to the south. Used to be in court with the lady to the north, she left and we gobbled up her land. Already sicked the attorney on the neighbor to the NW; he's fencing off our easement. Got into a 'dispute' with the Klumps to the east. Dirty judges tried to order us to keep our own land gated so he could run his cows open-range after he somehow got the county to pay to fence the entire subdivision.

    I'm gonna join the Elk's Lodge.. gonna be the snake in the grass where all the Good Ol' Boys hang out.
    ::hiss::