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Tron_fdc · 09-09-2013, 11:39 AM

Thought I would give this a little bump.

I have had 3 different properties for sale throughout the year. Sold one (same price I paid in 2007) and nothing on the other 2. I was griping about it in the Real Estate forum.

Anyone have any opinions? I know 2 other colleagues that are having trouble selling as well. Contrary to what I'm seeing and hearing, I'm beginning to think that the market isn't nearly as strong as it's portrayed to be.

Stats for those interested:

http://www.creb.com/

I also have property in the US (Arizona) and I've supposedly made about a 20% gain on it over the last year or so. I work in the US quite a bit and have heard the same across a lot of the Western US states. Lots of speculators coming back on line from what I can tell as well.

http://www.theguardian.com/money/us-...housing-bubble

Is the bubble building back up?

I'm dumping everything I own right now (except the house I'm in) and will be watching this one from the sidelines. If I learned anything the last 5 years is that it sucks to be a landlord, and paying 5 mortgages yourself is a gigantic waste of capital. I'd rather buy a boat and watch it depreciate than a house and rent it to crackheads.....

09-09-2013, 11:39 AM	#2341
Tron_fdc In Your MCP Join Date: Apr 2004 Location: Watching Hot Dog Hans Exp:	Thought I would give this a little bump. I have had 3 different properties for sale throughout the year. Sold one (same price I paid in 2007) and nothing on the other 2. I was griping about it in the Real Estate forum. Anyone have any opinions? I know 2 other colleagues that are having trouble selling as well. Contrary to what I'm seeing and hearing, I'm beginning to think that the market isn't nearly as strong as it's portrayed to be. Stats for those interested: http://www.creb.com/ I also have property in the US (Arizona) and I've supposedly made about a 20% gain on it over the last year or so. I work in the US quite a bit and have heard the same across a lot of the Western US states. Lots of speculators coming back on line from what I can tell as well. http://www.theguardian.com/money/us-...housing-bubble Is the bubble building back up? I'm dumping everything I own right now (except the house I'm in) and will be watching this one from the sidelines. If I learned anything the last 5 years is that it sucks to be a landlord, and paying 5 mortgages yourself is a gigantic waste of capital. I'd rather buy a boat and watch it depreciate than a house and rent it to crackheads.....