All Forum Posts by: Greg Ghunt

I wanted to do a homestyle loan.. but the percentage was higher and I could not figure out to be certain of everything.. homestyle loan was going to be at 4%, but a conventional was 3.37%.. after I started showing a potential house to contractors to get an idea of how much it would cost, the house quickly went under contract after being on the empty market for seventy days with no interest.. I wonder if the contractors had seen the potential in the house after I had asked them to come evaluate it.. 

HIM: small time contractor who is being punished for his honesty, giving you a below market total price and breaking down exactly how much it costs: labor and the cost of owning and using tools to cover scope of his work in this industry. In order to serve you, he needs to have a collection of tools, and recoup the total cost of the tools from all clients. You can alternatively go buy the tools yourself and give them to him, but of course that would take so much longer. YOU: cheap, problematic client, insistent to rob your contractor. You realize that billing and invoicing takes ADDITIONAL time for him which should be factored into your price, but currently you are getting that cost of providing you the service for free? 

Worcester generally looks like run down weird area with college and businesses and many commuters and working people.. I would not want to live there though. It's a popular spot to live for waitresses working in other towns, or middle class people who can afford a house there, but not in Boston. My manager bought a two family house there, and rented it out, said it paid her mortgage, but that was years ago.. 

 I agree, this is the same as a 9/11 event or if everyone went on an extended vacation.. I do think it will speed up the existing switch to computer and robot economy.. a lot of jobs that were on their way out the door, may now be quickly and finally eliminated the way of the taxi medallion drivers and administrative assistants

Their "solution" is to write a phony affidavit stating the qualifying foreclosure notices exist and that they had seen them and have that document notarized. Of course it's a lie, and the notices don't exist, but I'm guessing it has been passing in court.. 

Self driving taxis will be here in what.. three years? How will that affect the commute to Boston from the suburbs. I bought a house in Attleboro, hoping the shift to suburbs Philip talks about will happen. 

Seems nice, until you have to evict or call the plumber.. 

Real businesspeople do not use popular books like Rich Dad Poor Dad - you should college level business textbook audio tapes instead is what I would recommend. 

I was listening to a Peter Shiff on YouTube about too many housing units in America and not enough people to live in them, buying  a house being a bad investment. In 2010s, articles somehow missed the uptick in housing prices. I kept reading articles that real estate was “still down 10-30% from previous year” and somehow missed the opportunity to invest completely without understanding it was there. My guess is that the articles had incomplete information and written by unqualified people not even trying to actually enlighten people.

I’m not an investor. But there isn’t much stock for sale. On the other hand, I know someone who bought a house and rented it out to a family right away and had multiple people interested. On the other hand, I listed a room for rent and for 70 people interested all of whom were homeless, addicted to drugs, had kids from sketchy dudes, etc.