[lbo-talk] Angry Renter

shag shag at cleandraws.com
Tue Apr 22 15:44:15 PDT 2008


At 06:26 PM 4/22/2008, shag wrote:


>He started out trying to sell after a year, with a sticker price of
>399,000. wah. he lowered it to 349k. then to 299k and finally sold it for
>$279k after a year and a half on the market. wah wah wah. the ass STILL
>pocketed cash -- and yet he's whining about being insulted by the offer but
>taking it anyway to get rid of it. And yet, the standard wisdom used to be
>that you wouldn't cross the threshold until you'd been in a home for 305
>years -- in less than three years. In the "old daze" that was pretty much
>unheard of in areas where real estate prices weren't so crazy.

that should have been "for 3 - 5 years" -- where you'd finally break even and buying was a better deal than renting and you won't lose money if you sell. In the "old daze" making money off a sale in less than 3 years was pretty much unheard of.

i'll add another gratuitous "fuck 'em if they can't take a joke" to the speculators.

http://cleandraws.com Wear Clean Draws ('coz there's 5 million ways to kill a CEO)



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