2nd wave of foreclosures to hit

[lotstodo]

We all know that this inventory exists, but that doesn't discount the recent market improvements. While the reasonable release of this inventory may delay the price expansion in housing and thus the building industry recovery, I think that we have seen the bottom, or are at least very close to it. I have said all along that buying now is not a guarantee of instant riches. Think more like 10 years down the road. That said, we just bought a cabin in Blue Ridge for about what it was built for in 1996.

I tell you this new wave of student debt is what is scaring the crap out of me right now.

Amen to that, brother...I truly cannot imagine leaving college owing $100K or more right out of the gate. The thought of it makes me want to puke.

Also - I assume by your comment that your sale went through? Woo hoo!!!

Like I said , I love small towns. The public street on which the building was encroaching is now a private driveway shared by us and one neighbor, since we are at the end of the road. Problem solved. Got the neighbor to go along by putting a gate at the bottom of the hill. Everybody's happy without an act of Congress. It just took me going up there and spending a day running around to appease everyone.

 

[mei lan]

We all know that this inventory exists, but that doesn't discount the recent market improvements. While the reasonable release of this inventory may delay the price expansion in housing and thus the building industry recovery, I think that we have seen the bottom, or are at least very close to it. I have said all along that buying now is not a guarantee of instant riches. Think more like 10 years down the road. That said, we just bought a cabin in Blue Ridge for about what it was built for in 1996.

I tell you this new wave of student debt is what is scaring the crap out of me right now.

Amen to that, brother...I truly cannot imagine leaving college owing $100K or more right out of the gate. The thought of it makes me want to puke.

Also - I assume by your comment that your sale went through? Woo hoo!!!

Like I said , I love small towns. The public street on which the building was encroaching is now a private driveway shared by us and one neighbor, since we are at the end of the road. Problem solved. Got the neighbor to go along by putting a gate at the bottom of the hill. Everybody's happy without an act of Congress. It just took me going up there and spending a day running around to appease everyone.

A day well spent, all in all. Well done, my friend!