Charlotte picked in 25 home markets poised to fall

Fuck

 

Mom?

 

Where do we line up to get fluffed?

 

Tijuana.

 

Don't forget to add that to the total costs when you think about buying. If you pay market price, you will get hosed.

 

i will never own again or have a bank account or a credit card or a new car

never say never. i just did

 

man, I used to live about 1/4 mile away from that condo. used to ride past it on my bike on the way to the bars. rented the place I had, and then they tore it down...and built condos.

 

Where'd you live? My parents owned a unit in the same building when i was a kid, sold it 15 years ago.

They tore down the oceanfront part of carolina temple apartments next door. Building about $6 million in condos.

 

Meier Street..pretty much across from the Surf Motel. right on the corner,not where the green thing on the map is. maybe closer to 1/2 a mile away.

1,000,000 condos on that street too http://http://www.homesandland.com/Real_Estate/NC/County/37129-New_Hanover/ListingId/10746896.html

 

If monthly renting is 40-50% cheaper than the same house purchased, you can easily invest the difference per month and pull 12%/yr, as well as not pay the interest on the loan, no fees, maintenance, taxes, or insurance. Under certain conditions, the returns from ownership are worse than other opportunities available, such as the international stock market or even an index fund. You can turn the 50-60k you would use as a down payment as well as an additional 600-1200$/month into a significant chunk of change relative to the equity you establish after fees and interest on a loan.