Official Real Estate Thread - Southern Smoke

[↓R↑LYB]

:nonikkas:

Damn dude, shut up... You givin too much game nicca.... I'm glad I'm movin on to other sh1t now.

Breh, I could shout it from the rooftop and it wouldn't make a difference. The entire housing market collapsed cross the entire country. You can find deals like this in Cincinnati too. Deals like this are every where

 

[↓R↑LYB]

Pretty much. Lame ass, drafty McMansions.

You right breh, I'd rather pay twice that amount to rent a 700 square foot 1br apartment. It's way more cozy

 

[Wise]

:nonikkas:

Breh, I could shout it from the rooftop and it wouldn't make a difference. The entire housing market collapsed cross the entire country. You can find deals like this in Cincinnati too. Deals like this are every where

When is it projected the market prices will go back up?

 

[The Nigerian]

When is it projected the market prices will go back up?

Prices are going back up, but it's due to the same speculative behavior that resulted in the last crisis. These are the same cheaply built McMansions with the same structural anomalies and shoddy Chinese material that they were less than 10 years ago. Proceed with caution.

 

[Wise]

Prices are going back up, but it's due to the same speculative behavior that resulted in the last crisis. These are the same cheaply built McMansions with the same structural anomalies and shoddy Chinese material that they were less than 10 years ago. Proceed with caution.

Care to elaborate lol

I mean from what I'm looking at they look fine but you seem to know more

 

[MikeBrownsJob]

Care to elaborate lol

I mean from what I'm looking at they look fine but you seem to know more

I'm about to ask a MOD to ban him from my thread. He can make his own thread.

 

[Chris.B]

life out there must suck....no wonder why the houses are cheap.

I lived in Texas for a week and hated the fact that every nice spot was 30 mins or so apart...at least.

 

[The Nigerian]

Care to elaborate lol

I mean from what I'm looking at they look fine but you seem to know more

Methinks if you're hearing about it on the Coli you might be late for this go-around. All the drug dealers are trying to push all this bogus property on the next round of house flipping suckers. Walking away with clean money.

 

[MikeBrownsJob]

life out there must suck....no wonder why the houses are cheap.

I lived in Texas for a week and hated the fact that every nice spot was 30 mins or so apart...at least.

It's terrible Chris.B. Good thing you live in D.C.

 

[ecnirp1]

Prices are going back up, but it's due to the same speculative behavior that resulted in the last crisis. These are the same cheaply built McMansions with the same structural anomalies and shoddy Chinese material that they were less than 10 years ago. Proceed with caution.

really? you gathered all of that from a photo that contained no info about the builder?

and prices are not going up everywhere. it's still based on which part of the country you live in. Atlanta and Miami housing prices for example are just now stabilizing.

 

[The Nigerian]

really? you gathered all of that from a photo that contained no info about the builder?

and prices are not going up everywhere. it's still based on which part of the country you live in. Atlanta and Miami housing prices for example are just now stabilizing.

Home prices rise in October by most in 6 years - CBS News

December U.S. Home Prices Rise 8.3% Over Last Year, Biggest Annual Increase Since May 2006 - WORLD PROPERTY CHANNEL Global News Center

Soaring Home Prices Signal Bubble

Is the low interest rate party over?- MSN Money

Seems like all the good deals were snatched up in 2009. You're now seeing a huge selloff fueled by unsustainable interest rates. The next round of buyers better find a next round of buyers or else they're setting themselves up for a huge loss. Just like the last go around.

 

[MikeBrownsJob]

really? you gathered all of that from a photo that contained no info about the builder?

and prices are not going up everywhere. it's still based on which part of the country you live in. Atlanta and Miami housing prices for example are just now stabilizing.

He's a world-class idiot.

@admin @houston911


Please ban @The Nigerian from this thread for trolling. If he wants to make his own thread about Mcmansions or selling tap water he can.

 

[Fredrick Thuglas]

@MikeBrownsJob Are you an agent or an investor? I asked about making money a couple days ago.

http://www.the-coli.com/locker-room...hy-rich-$$$-off-real-estate.html#.URa5F2eKCp0

Any information you can give us?

 

[T'Kuvma Da Unforgettable]

larger, single family homes listing for under 50K in metro Atl are almost sure to be in a bad neighborhood with terrible schools to go along with them.

it wouldn't be in an area you'd want to raise your family in, but probably would be a great investment opportunity. i have a few friends that rent these types of homes out to sections 8 tenants and it's basically guaranteed income as long as you can keep the home up to code.

you probably want to hit the 140K range and up to find nice livable areas/homes in Atlanta. which is still extremely cheap.

makes sense

 

[MikeBrownsJob]

@MikeBrownsJob Are you an agent or an investor? I asked about making money a couple days ago.

http://www.the-coli.com/locker-room...hy-rich-$$$-off-real-estate.html#.URa5F2eKCp0

Any information you can give us?

The point of this thread was to highlight the economic advancement in the South. A lot of our brethrens up North are scraping by, reaching age 40 with no properties. Down south you can make your money work for you. Real estate should always be in your sights. I think about college. In college I rented a place for $500 a month for 5 years. That's not including utilities. Just off rent I away 30K. Think about that. What was stopping me from buying a place, when I had money like to throw away and make another man rich?

Why stay renting half of your life when you could relocate, own and rent out another property? What's stopping you? Economic advancement from entrepreneurial possibilities exist in the south. Check out this forbes article. Best Cities for Minority Entrepreneurs.

Best Cities For Minority Entrepreneurs - Forbes

Top 20 in order.


Atlanta-Sandy Springs-Marietta, GA
Baltimore-Towson, MD
Nashville-Davidson-Murfreesboro-Franklin, TN
Houston-Sugar Land-Baytown, TX
Miami-Fort Lauderdale-Pompano Beach, FL
Oklahoma City, OK
Riverside-Sand Bernardino-Ontario, CA
Washington-Arlington-Alexandria, DC-VA-MD-WV
Orlando-Kissimmee, FL
Phoenix-Mesa-Scottsdale, AZ
Memphis, TN-MS-AR
Dallas-Fort Worth-Arlington, TX
San Antonio, TX
Tampa-St. Petersburg-Clearwater, FL
Austin-Round Rock, TX
Charlotte-Gastonia-Concord, NC-SC
Indianapolis-Carmel, IN
Los Angeles-Long Beach-Santa Ana, CA
Richmond, VA
New Orleans-Metairie-Kenner, LA

To consider a place a sanctuary for the African American race, it must be able to provide good education, affordable housing, tolerable cost of living, sustainable median household income, and above all security for the race. Most studies conducted including those initiated by the Black Enterprise magazine, considers the percentage of black home loan rejections and black homeownership rate as factors for their surveys.

Best Places for African Americans to Live in the US - Totorus

Circle of Squares: Best Places to live for African-Americans 2013 edition

I've been highlighting cities where black owned businesses are abundant and good living is sustainable. That's the point of this thread.