Comments by "Roger Smith" (@rogersmith7396) on "MHFIN" channel.

  1. When I bought in 1987 the best rate was 10%. People marvelled at how good my credit was. These kids are in for a shock. In the 70s I was getting 19% on muni bonds. Consider that.
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  2. Give it time. First the builders go broke and the banks get the houses. They can be very slow to take the loss. They let the houses be vandalized or trashed. Then the city gives them an edict to maintain. Then they dump them. Could easily take two years.
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  3. Its not very open to speculators. Which is a good thing. Everyone knows CA. is going to hit the fan. Who cares?
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  4.  @one-of-us9939  I predict their butts will grow large enough to blot out the sun. Invest in flash lights.
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  5. Watch the RV market. Its tanking. Cheap homes for sale. Make an offer.
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  6. But maybe you can get Mike Pence back.
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  7. 2008 was the death of capitalism. Its been on Fed life support ever since. Remember the Fed trying to prevent deflation and achieve 2% inflation for many years? The overshoot is what we are dealing with now. Capitalists have ruined the government and are ruining themselves just by getting exactly what they want. We have met the enemy and he is us.
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  8. East St. Louis, land of opportunity.
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  9. Its a small number of greedy people who have ruined life. Apparently the majority will never wake up.
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  10. It is crashing just not as much.
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  11. In condos you make your money and get out. Apartments require long term management and are a pain in the ass.
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  12.  @eldareldar7174  My dad pays $1000 a month fee on top of his condo mortgage. Parking and storage are extra. Insane.
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  13. As he said, the schools are important. Think about that the next time you vote.
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  14. But Madison is so wonderful.
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  15. What did you predict about the Kardashians?
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  16. Foreign ownership of residential property should be and will be illegal. What, we are going to have WWIII with China but let them keep buying US property? Give me a break.
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  17. Its going to implode. Florida is ghetto.
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  18. Lost my house with 2 years left on the mortgage. Complete job market collapse. Good luck on predicting the future. Maybe hire Madame Olga. I applied at McDonalds and they laughed at me.
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  19. I wonder what happens if MTG and the clown car Republicans crash the world economy in the next couple of months. Oops. Its 1929 all over again and people were a lot nicer then. Who will be the next Bonnie and Clyde?
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  20. No sympathy for speculators. No bailouts.
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  21. Plus home insurance is going to be unobtainable. Maybe Ron DePoser should get his head around that. Not to mention half the state will be underwater in several years. Learn to scuba dive.
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  22. And the county/state keeps jacking up property values and taxes thinking you are in CA. Ditto insurance rates. The fleece goes on.
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  23.  @catserver8577  The US has chosen to live in a gun infested environment full of desperate psychotic poor people who are propagandized that only wealth counts in order to keep taxes low for a few. Let me know when that changes.
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  24.  @catserver8577  I am hoping for a random black hole.
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  25. Akron, gateway to Cincinatti. Retirement heaven. Who needs Florida.
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  26. Automatic property tax increases without a vote. Politicians love speculators. Automatic insurance increases without competition. Warren Buffet loves speculators. Automatic infrastructure cost increases without a vote.
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  27. Yeah but you're stuck in St. Louis. Slow death.
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  28. You either need the money or you don't. If you gotta sell you gotta sell or take bankruptcy which is worse. If you don't need to buy you have options.
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  29. Hows the water holding out? In my view its an awful area. Dry, sunbaked, dipstick people. Maybe Denton. Sure as hell not OK.
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  30. You can drive across Des Moines in about 20 minutes from side to side through downtown. Its a burg.
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  31.  @HermitTheVlog  I stayed in Altoona for several days looking for work. Never found any. Was a waste of time.
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  32.  @HermitTheVlog  I am a registered nurse. There are either openings or there are not. I have applied for jobs in the morning and been working that night. The bigger the city the more jobs in nursing. When I go out of town to job hunt I go to all employers. I was in Tacoma/Seatle for 6 weeks and that was definitely too long and a waste of time. I had convinced myself that was the hot market in the country and knew of no place better. I eventually found work in Omaha of all places. Not OKC, not D/FW. Took 6 months to find the Omaha job.
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  33. I never wanted to be a land lord. What a shitty job. Maybe if you were Al Capone and had "enforcers".
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  34. And you can always build an igloo.
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  35. Its automatic. In johnson County Ks. people take pride in their tax increases. It means they can borrow more against the house and pretend their net worth has gone up without doing anything. It will hit the fan. The question is when.
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  36. See recent murders in Mexico. Good luck being a wealthy gringo in a peasant country.
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  37. It will be a buyers strike and a speculators nightmare.
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  38. Depends if owners have to get out. Transfers, deaths, bankruptcy, forced sales.
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  39. Commuting distance. High pay city job and low pay remote house. I know in CA. its insane. Here typically an hour or less on the freeway.
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  40.  @ldc5603  Detroit is all about the collapse of the American auto industry. Its population is a fraction of what it was in the 1950s. The jobs went away and so did the people. The people abandoned the houses they could no longer pay for. "Geography King" says Detroit is his favorite city. The downtown is pristine. Grosse Point is one of the highest income areas in the country. The bad areas are slowly being gentrified. Its colder than hell there essentually being Canada. High immigrant population. Owning a home is still The American Dream and this country will go socialist to get it. These 80 year old politicians with their old pensions don't have a clue.
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  41. Get those good ice sailing spots.
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  42. Its riskier to be a speculator in a low growth market. The price hikes are due to speculation not home buyers. There are several houses around me for sale for months with no buyers. Here retirees figure they will sell if some fool will overpay by 50%. They will wait for the fool or just stay put. What people on the coasts can't understand is how much lower pay is in the MW. It makes it impossible to make a real estate killing as no one can qualify for a loan. If Wall Street enters the picture they will get stuck with under performing assets. I assume if this was a factor local government would outlaw Wall Street purchases or make their lives extremely unpleasant.
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  43. Bot.
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  44. Invest in cheese.
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  45. You mean government subsidies.
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  46. 5 or 6 BR? Chop it up into rentals?
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  47. Its jobs stupid. Lots of cheap places to move to with no jobs.
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  48.  @banananaman87  So you are in the burbs. That migration has been going on since the 30s and 40s. You state the obvious.
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  49. Screw them.
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  50. Its great for hobos.
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