Replies to post #391832 on Zeev's Turnips Patch-No Politics (ZEEV)

[BuzzOnDaBeach]

I went upside down in my first socal house buying in 90. In 94 it was worth about 70% of what I paid for it, so I've been on the wrong side of a bubble burst, and that was at much higher interest rates on an arm that I think peaked around 11%. That's why I've gone to cash, and the buyer agreed to a 1 year leaseback cause they weren't buying it to move in. Very fortunate situation.

However, I got 1.2 mil for a friggin 2950 sq ft home on 11K sq ft. lot. What the buyer wants to do is divide into 2 lots and overbuild, the trend in so cal.

Buzz

[federal reserves]

Osprey> To monetize your house

you need to sell it, I would advise it, and with the tax free profit, no reason to live in a cardboard box. With the huge profit you made, you could probably rent a nice place on the capital interest you would make in a bank, use it for rent, and wait for the price collapse.

[extelecom]

Smart cats!

[mainehiker]

osprey im almost done shipping plants, so i can offer you cardboard boxes at a discount..you can connect several together for larger living quarters under the bridge..