Comments on: How far has the real estate market dropped?? http://www.livelearninvest.com/how-far-has-the-real-estate-market-dropped/ Living life to its fullest by generating passive income through investments Thu, 02 Feb 2012 03:11:13 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Triseis http://www.livelearninvest.com/how-far-has-the-real-estate-market-dropped/comment-page-1/#comment-466 Triseis Sun, 05 Nov 2006 22:41:49 +0000 http://www.afterreadingrichdadpoordad.com/2006/10/30/how-far-has-the-real-estate-market-dropped/#comment-466 "We know that median home prices can be skewed by a few sales of high priced homes." http://en.wikipedia.org/wiki/Median http://en.wikipedia.org/wiki/Mean The median is reported because it cannot be skewed by a "few sales" of anything. “We know that median home prices can be skewed by a few sales of high priced homes.”

http://en.wikipedia.org/wiki/Median

http://en.wikipedia.org/wiki/Mean

The median is reported because it cannot be skewed by a “few sales” of anything.

]]> By: Nigel Swaby http://www.livelearninvest.com/how-far-has-the-real-estate-market-dropped/comment-page-1/#comment-444 Nigel Swaby Sat, 04 Nov 2006 06:25:57 +0000 http://www.afterreadingrichdadpoordad.com/2006/10/30/how-far-has-the-real-estate-market-dropped/#comment-444 Can you tell me who your PM is? I've been looking for one in Salt Lake for future deals. Thanks, Nigel Can you tell me who your PM is? I’ve been looking for one in Salt Lake for future deals.

Thanks,

Nigel

]]> By: Ken http://www.livelearninvest.com/how-far-has-the-real-estate-market-dropped/comment-page-1/#comment-399 Ken Mon, 30 Oct 2006 17:02:41 +0000 http://www.afterreadingrichdadpoordad.com/2006/10/30/how-far-has-the-real-estate-market-dropped/#comment-399 I'm not thrilled with my PM, but at this point I'm not going to change. Once my tenants leave I may switch PMs, but I'm not going to do it now while things are going smoothly. NLG, things started turning about 1 year ago. I knew this was coming, but I'm cashflowing or breaking even so it's not affecting me that much. Realistically, I think I'm only down $50k in the Phoenix market. That's because I never believed that my houses could have sold for what other people were trying to get. For example, some people were listing the same model house at $489k last year. If I based amount down on that price, I would be down $120k on one of my houses. But the truth is, they couldn't have gotten $489k for that house even in the hot market. They probably could have gotten $440k. I’m not thrilled with my PM, but at this point I’m not going to change. Once my tenants leave I may switch PMs, but I’m not going to do it now while things are going smoothly.

NLG, things started turning about 1 year ago. I knew this was coming, but I’m cashflowing or breaking even so it’s not affecting me that much. Realistically, I think I’m only down $50k in the Phoenix market. That’s because I never believed that my houses could have sold for what other people were trying to get.

For example, some people were listing the same model house at $489k last year. If I based amount down on that price, I would be down $120k on one of my houses. But the truth is, they couldn’t have gotten $489k for that house even in the hot market. They probably could have gotten $440k.

]]> By: NLG http://www.livelearninvest.com/how-far-has-the-real-estate-market-dropped/comment-page-1/#comment-398 NLG Mon, 30 Oct 2006 15:16:22 +0000 http://www.afterreadingrichdadpoordad.com/2006/10/30/how-far-has-the-real-estate-market-dropped/#comment-398 Sounds like things are taking a turn already... not good news. What percentage would you say you are down in the various markets? Sounds like things are taking a turn already… not good news. What percentage would you say you are down in the various markets?

]]> By: Clifford http://www.livelearninvest.com/how-far-has-the-real-estate-market-dropped/comment-page-1/#comment-397 Clifford Mon, 30 Oct 2006 14:38:40 +0000 http://www.afterreadingrichdadpoordad.com/2006/10/30/how-far-has-the-real-estate-market-dropped/#comment-397 Are you happy with your PM's in Salt Lake? Are you happy with your PM’s in Salt Lake?

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