Re: Parg's neices having problems selling their fantastic real estate "investments"


PolishKnight wrote:
soicapitansensible@xxxxxxxxx wrote:
Hyerdahl wrote:
PolishKnight wrote:

http://www.bloomberg.com/apps/news?pid=20601109&sid=amJynxoSEAco&refer=home

"Shelley Grandy, 41, says investors ``dumping'' their properties have
stalled her efforts to sell her four-bedroom brick townhouse in
Sterling, Virginia. Grandy, who has two children, says she is moving
and plans to rent a home for a year or two in her new neighborhood.
Paint and Carpeting

I only have one neice, Mark. She doesn't live in VA and her property
has increased in value since she moved there. It's now up $40,000.
should she decide to sell. That's not a bad increase for the short
time she's lived there. In the meantime, you aren't even able to
start equity growth. Good to know. Guess your alleged wife will just
have to wait until her citizenship is established (or until the right
American man comes along).

Whoohoo, a whole 40K. Personally, I'd consider the whole thing a wash
if the appreciation wasn't in six digits.

Again, her home did not cost $400, 000.00. She bought a sweet new 3BR
starter home. And again, her investment is sound. She bought in an
area where the property will not go down.


I'm Sensible

I just thought about it: ONLY $40K? Parg has been claiming that
her neice had a HOME, not a mere condo and had bought some time
ago. The real estate market has flattened out at this time, not
really gone down that much yet so either:

You are looking at VA prices, Mark. She doesn't live in VA. Oddly
enough, the job she has remains the same income no matter where she
lives, so where she lives is critical to how much she saves. :-) And
the housing drop that was expected in May, never really arrived. For
her, it didn't arrive at all.

1) Her neice has bought recently which means she got in at
the top of the market. That's going to be one mean ride down.
I'll give some free, honest advice: If that's the case, she should
sell now if Parg really cares about her (which I doubt.) Just a
small 10% drop in price (and even conservative housing pundits
are agreeing that's the best "soft landing" they forecast) could
wipe her out.

You're not listening, Mark. You are looking at VA costs.

2) Parg is just making up numbers and doesn't know what she's
talking about (more likely.)

Speculating as usual.


3) Her neice really did buy some time ago but NOT in California
AND not a very expensive house. So she probably isn't
the big world traveler living it up like she claims.

Again, my neice did NOT buy a $400,000.00 house. Where she lives she'd
have to buy a mansion to spend that much. She bought a very simple
three BR two BA mission style home in a new neighborhood. It's a
starter home. She's just starting out. She doesn't need more that
that. The backyard is small but completely landscaped and fenced. The
front yard is also landscaped but the two small side yards are not.



PK

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