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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: Wed, 20 Jul 2005 06:09:54 -0500
/ Author of the message: "John A. Weeks III" |
Title of the message: |
Re: buy a house in bay area
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Text of the message: |
In article <1121840760.945593.92130@g44g2000cwa.googlegroups.com>, pacman2081@yahoo.com wrote: > I am a 35 year old software engineer working in San Francisco Bay Area. > I have $250,000 in liquid assets. Does it make sense to purchase a home > for $600,000 to $800,000 in Bay Area ? If you do so, that would sure solve your problem of having $250K in liquid assets. The problem is that we are in a market peak right now. This could very well come back down. If you were to buy today at $600K to $800K, you could find yourself 5 years from now still oweing $400K to $600K on a house that is worth only $300K to $400K. That would lose your $250K in cash and leave you $100K upside down to boot. Will this job let you work remotely? If so, then maybe move to the heartland where you can pay cash for a nice new home for $100K to $150K, have no house payments, and still have $100K left over. You could live like a king |
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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.