Home
What's new
Latest activity
Authors
Store
Latest reviews
Search products
Forums
New posts
Search forums
What's new
New posts
New listings
New products
New profile posts
Latest activity
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
Cart
Cart
Loading…
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Search titles only
By:
Menu
Log in
Register
Navigation
Install the app
Install
More options
Change style
Contact us
Close Menu
Forums
SVTPerformance's Chain of Restaurants
Road Side Pub
Thoughts on Real Estate- bubble burst or not?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Detroit Iron" data-source="post: 16707241" data-attributes="member: 137666"><p>Buying a house in Los Angeles is borderline crazy right now. I know somebody who recently bought and they had to get an all cash bridge loan to even compete. The theory is you offer all cash just to close the property and then refinance into a traditional 30 yr loan. That bridge loan ain't cheap and has some hefty interest rates. This environment really sucks for first time buyers or people who just want to move up to a larger house. The CA housing market has been crazy for a few decades, nothing new here. It's been boom or bust with small windows of normalcy mixed in.</p><p></p><p>I agree with the above comment. Don't try to time the market with any of these asset classes. Buy and hold for the long term and you'll come out ahead no matter what.</p></blockquote><p></p>
[QUOTE="Detroit Iron, post: 16707241, member: 137666"] Buying a house in Los Angeles is borderline crazy right now. I know somebody who recently bought and they had to get an all cash bridge loan to even compete. The theory is you offer all cash just to close the property and then refinance into a traditional 30 yr loan. That bridge loan ain't cheap and has some hefty interest rates. This environment really sucks for first time buyers or people who just want to move up to a larger house. The CA housing market has been crazy for a few decades, nothing new here. It's been boom or bust with small windows of normalcy mixed in. I agree with the above comment. Don't try to time the market with any of these asset classes. Buy and hold for the long term and you'll come out ahead no matter what. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
SVTPerformance's Chain of Restaurants
Road Side Pub
Thoughts on Real Estate- bubble burst or not?
Top