I bet the San Diego market has lots of opportunity.

dmj4...that's a good idea but I'll bet a few months from now it won't matter because they will extend it to more people but the key is which banks will actually go for it.

However, I caution anyone willing to place significant bets that Obama's "stimulus" plan will reverse the current recession tide any time soon, to simply examine the largess of issues confronting our economy.

I bet they would be yelling and whining about that.

I bet you'd be amazed by what you'll find yourself getting when you give $1,000.00 to the right charity, not just $500.00.

Central banks print money and governments spend money as if there is no tomorrow, and all bets are off.

I'm not sure exactly where that is in FL but I do know if you plan on buying properties there I'd bet that the local economy will be positively impacted b/c of your move there.

I have no idea where he's been since, but he runs some sort of investment outfit and seems to have survived so far.The same high-risk stupid bets had brought down the system several times in the past, the most famous being the Great Depression era, which made the high-risk idea rather unpopular for quite a few years.

Of course it hedges it bet with the standard "all real estate is local."

I would bet a true comp would be lower...IMHO.I would base it on 60k to be safe, but make sure you confirm this with comps.70% of 60k = 42k42k-15k repairs = 37k3k closing cost = 3kMOST I would offer is 34kAgain if he motivated he motivated.