Comments on: Arlington Virginia Foreclosures. How to buy like a REALTOR.

By: kellyjam1

kellyjam1 — Thu, 25 Feb 2010 04:21:41 +0000

The lesson of the …
The lesson of the value of your sold home now being worth 20-30m less didn’t stick with you. You can expect this house to be worth $450 a year from now. If you plan on living here for the next 10-15 years you should break even.
Look at the median income for your area and multiply it by 2-3 times. That will be the historical average prices for homes.

By: NatMan20

NatMan20 — Thu, 25 Feb 2010 04:21:41 +0000

Nice video Frank.
Nice video Frank.

By: Tchaka

Tchaka — Thu, 25 Feb 2010 04:21:41 +0000

Spending $10k for …
Spending $10k for updating is nothing compared to the tremendous savings! Thanks for explaining the process you went through and the methods of uncovering such gems. Beautiful house!

ps- listings without pics is a peeve of mine as well!!!!

By: drumsnbass

drumsnbass — Thu, 25 Feb 2010 04:21:40 +0000

We are many years …
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.

By: drumsnbass

drumsnbass — Thu, 25 Feb 2010 04:21:40 +0000

oh, it could well …
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.

By: FranklyRealty

FranklyRealty — Thu, 25 Feb 2010 04:21:40 +0000

“Deal” is relative. …
“Deal” is relative. I’ve even said in my blog, there is no such thing as a “deal” until you sell it. If you get a “deal,” the next house that sells will be a better “deal,” thus negating your “deal.”

On other hand I don’t believe in market timing. You seem to think it will take 2 years. I know people that had to wait 10 years to sell a condo and break even.

By: drumsnbass

drumsnbass — Thu, 25 Feb 2010 04:21:40 +0000

okaaayyyyyy — so, …
okaaayyyyyy — so, housing has at least TWO MORE YEARS of declines ahead of it before bottom — more if you count impending resets on OptionARMS.

This “deal” is not such a deal. It would be lots less if she had waited longer, Arlinton or not.

By: Punit29

Punit29 — Thu, 25 Feb 2010 04:21:39 +0000

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

By: kathydurbin

kathydurbin — Thu, 25 Feb 2010 04:21:39 +0000

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

By: 88hawaii

88hawaii — Thu, 25 Feb 2010 04:21:39 +0000

This is a fantastic …
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!