Investing in Homes

Heather said: "You would have really made out had you in bought a home a Brief year ago in Bradenton Florida. Home values jumped an amazing 45.6 + percent! That means your 200,000 is now worth closer to 500,000 dollars. Las Vegas appreciated 29.4. That's good news for Bobjitsu!"

lil dickie said: "Heck yeah! Imagine that: you made $100,000 on a $200,000 roughly! I think its time to SELL."

Heather said: "I have family down in Florida. Most of the home value increases seemed to take place all over southern Florida. I guess that hurricanes aren't enough to drive people away. They don't happen all year round, but the chance for nice weather is always there."

chahinemm said: "the hurricane is positive factor to housing value... think about it from this perspective the hurricane occurs 100 houses get destroyed which means that 100 families will be lookng for rebuilding homes or acquiring new one. that means that the florida market will be 100 house short now. so if there is a shortage there is a price hike... price and demand... but now if suddenly there are 1000 houses build i can guaranty u the prices will fall.. this offcourse is a bare bone but not forgeting that there are other factors in play such as the local economy, the demographic movement, demographic groups and not forgeting location. and so much more that i can't think. chahine :D"

Darren said: "best part of a home as an investment is you get to live there."

Heather said: "That is true. I'm sure there are some folks that have rental property that makes them a decent chunk of change, too. Donald Trump is building a giant Condo complex on the A1A as we speak. He sees the gold in them there hills.. I mean beaches.."

chahinemm said: "there is a saying back home which says if u have shelter u have food... "food for the brain :)" i guess can be applied on multiple levels chahine"

HappyHarry said: "Being a homeowner almost always means getting some stability in your life. Owning a piece of property makes you feel like your work is worth something."

Heather said: "It also helps to stimulate a communities pride. People that own their own homes are more prideful than people that just rent. Not to say renters are bad, but it is usually a temporary living situation. My grandfather used to rent out a house and he finally sold it because whenever the tenants moved out, he was left with a house to clean. The last tenants he had left such a big mess that he had to rent a dumpster to toss everything out. That was his last straw...and then it went on the market.."

ToastMonger said: "Speaking of the hurricanes in Florida what I think would have been a great ionvestment as well as an all around good thiong to do would be to have bought some wood and driven down to the hurricane areas and sold it at a reasonable price. You could make a good bit of money while still providing the people with something that they desperately need but can't get their hands on. You kind of have to watch out on stuff like this though because I know that quite a few people were arrested for profitering. But if you keep things reasonable then you would be able to help out and make a reasonable profit."

bobjitsu said: "I don't like huge upswings because I know a huge downswing can come just as easy. People in Cali are about to get a huge wake up call...."

AlfredSokol said: "It's hard to argue about Cali now. The prices are HIGH."

Heather said: "The housing market is still pretty hot everywhere. Sales of existing homes and condos rose 4.5% to over 7 million units. Everyone needs someplace to live, and some people need 2 or 3!"