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Non-Tech : Investing in Real Estate - Creative Opportunities -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (978)	9/14/2012 1:49:58 PM
From: tejek	Read Replies (1) \| Respond to of 2722

Consider Minneapolis, Minn. You could’ve bought, out of foreclosure, a three-bedroom, two-bath house of 1,356 square feet on a quarter acre lot for about $29,000. It needed a lot of work, but houses in the neighborhood recently sold for $75,000. MPLS isn't an expensive housing market...............too much flat land for expansion coupled with only moderate growth. However, I suspect this buy was highly unusual................only a deep fixer in a ghetto neighborhood would go for that price.

To: John Vosilla who wrote (978)	9/15/2012 6:30:44 PM
From: Keith Feral	Read Replies (1) \| Respond to of 2722

Much cheaper to buy than rent these days, but 20% downpayment is still keeping a lid on housing inflation. That's how it should be. If you can't afford a downpayment, no reason to buy. Eventually, low rates on credit cards, car loans, and home loans will be extraordinarily positive for the consumer. Every inflation cracker in the world is still trying to sow the fears of inflation. I just see a much more balanced playing field for the consumer, with the exception of gasoline prices. However, the inflated cost of oil is being more than offset by lower monthly payments for cars and homes. Those are my 2 favorite growth plays right now.