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Post Info TOPIC: How bad is it?


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How bad is it?


My nephew just bought this house 2126 sgft corner lot built 1988 for $90,000 cash.

This house was valued at $233,000 in 2009, the bank gave it away because under Obummer no-one can get a loan.

 



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Guru

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This house in a gated area 3000sgft feet, custom built 1989 was listed for $399, 500 in 2009 it just sold for $150,000 cash.
Again no-one could get a home loan.....



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Guru

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There are 1000's apoun 1000's of foreclosed homes for sale that can't be sold because of Obummer, so now the idiot wants to rent them all out?
This guy is clueless, BofA is set to layoff 10,000 people.
Obama is without a doubt the biggest mistake ever in the history of the US.
The stimulus Bill, billions down the tubes.
Cash for clunkers destroyed the used car market.
Used cars made some 85% of the auto parts market.
The man wasted $4 trillion dollars on what?
Obama-care the last nail in the coffin.
Pull all the troops out of Irag, Iran loves that one.
He blames everything on Bush, hello it was Clinton who destroyed the country.
Now Obummer just signed a bill giving amnesty to illegals?
Welcome to the democratic state of Northern Mexico.

Anyone who votes democrat you deserve what you get.

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Guru

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Redwing,

Where are those homes located? What state and town? Just curious to know.



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1967 Marlboro Maroon 4spd Coupe
1973 Dark Blue 4spd Coupe w/air, original 25,000 miles
1999 Black C-5 Hatchback Coupe 6spd LS1 
1934 Ford 3 Window Coupe eng. code "ZZZ" 350-345hp Chevy Powered!
1970 Black on Black Monte Carlo(FOR SALE)Asking $18k



Guru

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I think things are worse than they look .My youngest son works (drives) for a major trucking company .The New England fleet has 50% of the riggs parked .That means a major slow down .

On the commercial loan market things are as bad as residential .I understand some of whats happening as I was involved in banking during 2000-2007 and the problem has always been with the federal Govt.

I'm convinced that Govt does nothing right.

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Stud muffin'



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Santa Teresa, New Mexico 88008

5 minutes from El Paso Tx, the property taxes are 10% of purchase price.

My nephew who also owns a house in El Paso TX went to get his 2008 GMC 2500

tagged in TX and TX wanted $930.00 he got it tagged in New Mexico for $130.00

Las Cruces New Mexico 88012  the home prices are even lower.

Santa Teresa New Mexico is growing because of its low taxes. Mild winters and 350

days a year of sun. A railroad hub is going in there and a new hospital, plus its set to have 1200 new homes built.

www.trulia.com

 

 



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Guru

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Ruidoso New Mexico



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