Riskiest Place to Buy a Home

Voice of San Diego ^ | 4/06/2006 | Will Carless

[starbase]

Click "Abuse" if you think anyone is promoting an outside blog contrary to forum rules.

[Petronski]

Interesting link you posted: www.seizedrealestate.com/?hop=newspundit.

So, Free Republic is sending traffic to that web site, but Newspundit is getting paid / credit for the referral. Highly inappropriate if you ask me. Perhaps right fraudulent actually.

I hadn't noticed that.

[roaddog727]

I'm on the other side of the country (Tampa) and haven't seen that many foreclosures/folks in distress yet - But I'm a-waitin' and keepin' a look-out....

Thanks for gouge.

[narby]

You gonna start an ex-T ping list? Put me on it...

[Petronski]

No need for a pinglist.

Just click on in whenever you see alarmist panic headlines about bubbles.

[roaddog727]

As an AC guy, I'm surprised that you didn't hold on to them and rent them out to incoming PCS' and have those dudes pay YOUR mortgages off.

Had I been in that position, I'd own at least 4 houses having the Army (one way or another) paying them off.

[Emmet Fitzhume]

hahaha!

Get out of San Diego now, and GIVE your house to me when you go!

:-)

[nosofar]

If you don't have cash, RENT.

If I didn't already own a condo, I'd be renting. The rent is quite a bit less than the mortgage would be for a new home, which is nuts.

[listingright]

Considering one of the homes was in Gulfport, MS, I'm glad I sold! If I could focus on one part of the country, I'd keep them, but I'm so all over the place that management would be difficult...One house in MS, one in CA, one in VA. Plus, I made pretty good money on the CA and VA one, was happy to take the $$$ and run.

[Emmet Fitzhume]

Not me.

Nice town, but it is infested with boring, snobby and materialistic girls who are not even from there.

I will keep my Carolina girl, thank you very much.

[olivia3boys]

Exactly. I'm thinking of moving to San Diego from the San Francisco Bay Area: I'll get more house for my money, and the weather is better. . .

San Diego is "risky" primarily because of overinflated home prices; well, San Fransisco is even more overinflated.

[Petronski]

If it is not available for sale, I cannot sell it. And if I cannot sell it, I cannot pimp it.

Instead, you are the ONLY one calling attention to it. I love the attention you give my project.

Rock on, pimp daddy.

[doug from upland]

I've made money on property in both Ontario and San Bernardino. It's all about the deal. Buy low, sell high.

[ErnBatavia]

You left out Desert Hot Springs....that's the place where the San Bernardinoites go to learn the trade!

[little jeremiah]

If some of you can't stand the articles ex-Texan posts, why not just ignore them? It seems odd to try to get him banned just because you disagree. You want only an amen chorus here on FR?

[lewislynn]

Those people are only too happy for someone like me to come along, who will pay off their bills and give them moving expenses to go anywhere in the U.S. they want, in exchange for the title to their home.

Exchange for the title? That makes no sense when the article is about people buried in mortgages exceeding falling value(s)...They don't have a title to exchange.

You're going to pay off/assume a mortgage exceeding the worthless house in addition to giving them money for debts and to leave town?...That's usually called paying more than it's worth...(among other things).

[Cementjungle]

Riskiest place to buy a home?

I would guess somewhere on a flood-plain, in an earthquake region in war-torn Sudan.

[Old_Mil]

The area's home prices have a 60-percent chance of dropping

While I certainly do believe that speculative behavior and risky financing schemes have the real estate market ripe for a plunge, this sounds like a made up stat. I can see a scenario where one would predict the market would fall. I can see a scenario where one might predict a % decline. But a 60% chance of dropping? Who is this guy, a bookie in Vegas?

[listingright]

A little research into your www.seizedrealestate.com link. Pretty good deal for you. 65% commission on all sales. Best yet, thanks to the marvel of "cookies", if somebody clicks on your link, and buys anything at any point down the line from any one of at least 11 other websites, YOU get money. Not Jim Robinson's Free Republic who paid the bandwidth to pimp your little deal, but you personally. How much money has Jim Robinson made you?

Details here.

See www.seizedrealestate.com scroll to bottom and click "webmasters and affiliates."