Comments for Contrarianomics

Comment on TO RAISE OR NOT TO RAISE by Moises

Moises — Mon, 08 Sep 2014 06:56:42 +0000

RE: My own perspective from Generation Y- it’s not nescreasily easy getting established in Seattle, but your assessment is overly bleak. Work hard, do a good job, and you won’t have any problems- Seattle has jobs. Can’t afford $2000/mo rent? No problem- live on the eastside where you can easily rent for $600/mo. Or find room mates. I personally think the recession/ housing bubble has been a tremendous opportunity for those of us in GenY with a little money and some risk tolerance. Prices across the board have been so depressed (think cars, stocks, furniture, homes) that I see great deals to be had. I bought an SUV during the height of the gas crisis, sold it a couple years later for a PROFIT. I went all-in on my 401k plan when the market was nearly 40% lower than where it is today. Given low interest rates and lower home prices, I found it very easy to buy a home this year given I didn’t have one to sell. GenY is young enough that we will most likely see a recovery during our working lives- we need to plan for that. The issue is our generation can’t react to what’s in the news- we need to focus on what’s next.It seems like the rental market is just playing to the “recession lifestyle” as much as the housing market was playing to the pre-recession credit boom. As I evaluated my living situation, I didn’t see renting in Seattle making any financial sense the last couple of years. I was paying close to $2k renting an 800sqft apartment in Northgate, I’m now paying 25% less on my mortgage, taxes, and insurance for a mostly renovated 2500 sqft home in Ravenna and I don’t need to worry about $200 rent increases every year. This apartment bubble has been blindingly obvious for about 2 years now… you could call this as soon as the 10% rent increases started. Rate this comment: 0 0

Comment on THE SECRET by Mario

Mario — Mon, 08 Sep 2014 02:32:17 +0000

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Comment on IGNORANCE IS NOT BLISS! by Prince

Prince — Mon, 08 Sep 2014 00:57:44 +0000

Great I like the idea, First you have to check your state’s Real estate laws, Where I’m at you dont need a linesce to Flip a house. That’s the name of it (flipping houses) You can do it your self if you know what your doing. You will need to have a Licensed for the Construction depending on your state. Where I live The Electric, Plumbing and heating and air people have to be linesced and it has to go through inspection, before you can move in your need wants called a C.O. Certificate of Occupancy. The best place is to google your State for example NJ+real estate lawsReferences : the Post above me Says about how bad it is too do this now. this is actually the best time to buy and the worst time to sell. So Buy one now and work on it, There is not better place to put your money then in land. SO if you see a house that is 100,000 offer them 50-75,000 its called low balling them and let them counter your offer and if you dont agree with is you can hit them a little lower then what they come back at. This is the best part of the whole deal. The Negotation Was this answer helpful?