Also another investor in my area was saying that if the house is pretty to multiply the squares but 10$ and that should give u to reproduction costand, if its ugly to multiply by 20$and if its a piece of crap by 25$Now I don't know if its right.

The pain cannot all fall to the banks.Or, we have to find anyone who sold a house at a bubble price, or a dot com stock at their bubble price and get the money back.Again, I'll say I'd rather see the feds buy equity in these companies than buy their crap bonds, CMOs, CDOs, SIVs, debt swaps, or whatever they call them.

We are looking for someone whohas direct bank access that can get us the bestdeals on property, literally cents on the dollar.We are not looking for crap, but property that needsno more than $20K worth of work if that.

I agree Jordan.Hopefully the labor unions won't run all their companies into the ground either.I think people will slowly realize the crap they buy from overseas will never stand up to it's US made counterpart.

These companies are whining about having to realistically account for their crap investments.

I received the full $600.I ended up putting it in a penny stock...I figrued it was free money...might as well gamble a bit.WWEI....crap little stock but swings in predictable cycles...at least it did over the summer.I couldn't have gotten luckier with my timing bought at .06 and sold at .18....went to .20...now its back down.Litterally like going to vegas.So I tripled the money to 1,800.I kept 600 in my trading account.

Well, as bad as it sucks, I'm glad someone else knows what I'm going through.I've spoken with a number of other landlords regarding fighting it, and many have come up to me after seeing me on TV at the City Commission meeting.It just bothers me that property owner's are treated completely differently.With all the CRAP that the ACLU gets away with, you would think this would be a no brainer.

Buy closing costs: $2000 (orig fee, plus all the other crap that shows up)Insurance: $500Inspection: $300Rehab: $7500Purchase: $92,500Total all-in cost: $102,800Holding cost for six monthsInterest: $3000Second insurance: $500Utilities: $600Taxes: $1500Total hold: $5600Total investment: $108,400Loan: $87,500Cash: $20,900SellPrice: $125,000Commissions: $7500Sell closing costs: $2500Loan payoff: $87,500Sale proceeds: $27,500Less cash investment: $20,900Net profit, pre tax: $6600That's taxable at ordinary rates.Your low money costs help vs. hard money.

Holy crap - had no idea what I was missing.....Vegans though....you're on your own.

Oops, they crapped out big time.Many people can't swing a long.