Home buying - 300K house or 400K house
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I went on "charcha". after a long time, and am surprised that the debate on real estate is yet to end. As usual, rahul singh, who has the distinction of bring an "expert" on real estate, continues his tirade on the "evils of buying a house. He has been forecasting doomsday for a long time, and this time both the Mayans and Nostradamus are clearly upset, simply because they have competition.
Having said that, why buying a house has to do with "profits", "appreciation", & "loss of house values"? Rahul seems to be obsessed with profit motive, losses, "wrong timing", the real estate "bubble" (his most favorite term), and of course the impending doom.
Why can't he just see buying a home (not a house) as simply a matter of personal choice, security, and satisfaction?
Clearly Rahul is obsessed with his ideas, and wants the whole world to agree with him. Unfortunately the world around him is too smart to say "yeah you are right" and follow his "scholarly" advice.
febpreet
I could not stop myself to say your reply was very practical reply...
People should look at their own situation along with the RE market trends.. no just the RE agent to buy or not.
cmanyam
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Hi to all...
On a lighter note here are Glossary of Terms used by the real estate agents and What They Really Mean. Enjoy
Spacious - average
Charming - small
Comfortable - very small
Cozy - very, very small
Low maintenance - no lawn
Walk to stores - nowhere to park your car
Prestgious - expensive
Bright and sunny - venetian blinds not included
Modern - 30 to 40 years old
Contemporary - at least 15 years old
Sprawling ranch - inefficient floor plan
Natural setting - forget about planting, the deer will eat everything
Secluded setting - far away
Executive neighborhood - high taxes
Park-like setting - a tree on the block
Unaffected charm - needs painting
Starter home - run down
Hurry! Won't last - about to collapse
And much, much more - nothing else comes to mind
hopesrforever27
the last one .. really the last one...
Water front- ready to jump in worest case...
hahahah
cmanyam
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Hi to all...
Location: Brampton, Ont, Canada
Posted on: 16-08-10 16:14:19
Surprised!
I am yet to see any input from Real Estate Agents?
I’m sure there are plenty of them on this forum, lets c what they have to say about it.
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'Some goals are so worthy, it's glorious even to fail.' (Param Vir Chakra awardee Lt. Manoj Pandey)
"You can lower the price 10K in a month if nothing happens"
"It is good to hear that! Those former clients did call me back for help and to try to list their home but for many reasons I declined."
"Now is the time to buy"
"All real estate is local"
"I'm not in this for the money."
'Take advantage of the low prices before it is too late!"
"Houses double in value every ten years"
"The sub-prime mess won't affect the our local market"
“You don’t need a down payment we can even get you cash out of the deal"
Don’t worry about the appraisal “we will take care of that”
"don't counter for anything - just take it"
"Your first offer is usually your best offer".
"You need to let me know if you want to buy my house because I have lots of other buyers intersted"
"You should have no problem getting your asking price"
"I have been in the real estate game for over 20 years"
"If you don't own, you're a failure."
"It's not a house, it's a home."
"As a renter, you have no opportunity to build equity."
"All real estate is local, so you cannot say anything about the national market."
"They aren't making any more land."
"Owners can change their houses to suit their tastes."
"Local incomes justify the high prices."
"You have to live somewhere."
"Foreclosures destroy neighborhoods, so we should stop foreclosures."
"House ownership is at a record high, proving things are affordable."
"That's not a defect.....it's a feature!"
Quote:
Originally posted by rahul_singh23
"You can lower the price 10K in a month if nothing happens"
"It is good to hear that! Those former clients did call me back for help and to try to list their home but for many reasons I declined."
"Now is the time to buy"
"All real estate is local"
"I'm not in this for the money."
'Take advantage of the low prices before it is too late!"
"Houses double in value every ten years"
"The sub-prime mess won't affect the our local market"
“You don’t need a down payment we can even get you cash out of the deal"
Don’t worry about the appraisal “we will take care of that”
"don't counter for anything - just take it"
"Your first offer is usually your best offer".
"You need to let me know if you want to buy my house because I have lots of other buyers intersted"
"You should have no problem getting your asking price"
"I have been in the real estate game for over 20 years"
"If you don't own, you're a failure."
"It's not a house, it's a home."
"As a renter, you have no opportunity to build equity."
"All real estate is local, so you cannot say anything about the national market."
"They aren't making any more land."
"Owners can change their houses to suit their tastes."
"Local incomes justify the high prices."
"You have to live somewhere."
"Foreclosures destroy neighborhoods, so we should stop foreclosures."
"House ownership is at a record high, proving things are affordable."
"That's not a defect.....it's a feature!"
Rahul, why you're adament on putting the whole blame on RE Agent? Where does the personal responsiblity for the buyer come from?
Again, in this technological savvy age, the whole onus is on the buyer and not the RE Agent. Shrugging off one's own responsiblity over someone else is highly dangerous for one's own self and future.
Another example. There are about 500 stores in a mall, and each one says their products are the best, covered with warranty, and at 50% discount. Would you just buy even though your pocket doesn't allow? I know many do it on the credit. But at the end of the day, is'nt it the buyer who is responsible to pay off the credit, or is it the store to blame that showed you the dream?
Note: I am not a RE Agent. As much as I also despise some of them, I put 100% blame on the buyers to not look into their own finances and take others' word for their purchase.
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