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ESTAPLACE.COM REAL ESTATE - FREE LISTING SERVICE -
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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Tue, 15 Mar 2005 07:56:29 -0600
/ Author of the message: "Rick Hess" |
Title of the message: |
Re: Buying a second house
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Text of the message: |
"John A. Weeks III" <john@johnweeks.com> wrote > What scares me is that so many otherwise sane people are thinking > that they are real estate moguls right now. People are buying > 2nd houses that have inflated 300% over the past decade, and doing > it with no money down to use as rentals or simply for speculation. > We had some guy post a few weeks ago that wanted to buy condos by > putting the $4K reservation fees on his credit cards, never expecting > to buy (or be able to buy) any of them. I heard a guy on the radio > over the weekend that wanted to run up his home equity loan to pull > $500K out to buy a single family home to rent out. Yep. I'm astounded by what I see also. Actually (other than the condo guy, which I don't understand) your examples are rather tame. In my area Sheriff's sales used to be a good source. As recently as about 8 years ago, you could feel like a little kid in a candy store -- everything |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.