Currently viewing the tag: "people"
Question: Why are these people facing foreclosure such cry babies? Take responsibility for your actions!?
They should take responsibility for their own action or decisions which they made when they bought their over priced homes 4-5 years ago with adjustable mortgage which is bound to go up later. what were they thinking? Did they really think the home prices were continue to go up with no end in sight and they can continue to “flip” their house for profit? Are they really that naive or greedy?
what do you think?
Answer:
Answer by Jarek
I think you might be being a bit bland..
Although some have bought houses that cost too much, a lot have to foreclose because of the economy combined with the factor of losing their job because of so.
Tagged with: actions • babies • facing • Foreclosure • people • responsibility • such • take • these
Question: What is the success or failure rate of people “flipping” houses in the US?
I am talking about buying homes under forclosure or siezed by the government for back taxes.
Answer:
Answer by emt_dragon339
I don’t know the rate per say, but it is a risky adventure. You have to know your market, location is also a major factor, as well as finding cheap labor to fix up anything that need work.
Question: Why do people fall for those late night “get rich quick buying Real Estate” scams?
Obviously, it’s not as simple as they make it sound (a) find pre-forclosed property (b) buy it (c) flip it. The best economists cannot time the market so how can some Joe Schmo do it?
Answer:
Answer by SDD
For the same reason that they buy lottery tickets.
Categories
Tags