Where do you think it's going from here?

[NJ H2]

Someone get Winthorp in here and tell him to SELL SELL SELL!!!

Real Estate prediction for 2008

2008 brings most of Balloon Mortgages out there coming due
Lenders still in buisness are deep cutting mortgage products
Less loan programs = less buying and refinancing
Underwriting guidelines are tightened
Consumers are maxed-out and unable to repay and can't refinance

No more “Officer and a Gentleman" loans
Home values drop
No more equity to support spending habits

Fewer potential buyers

Increasing inventory
Increasing foreclosures

15%+ Home Value drop in 2008

HOWEVER There is still massive opportunity here if you time the Real Estate market correctly

Here is the answer:
Buy low Sell high!!

[DennisAJC]

Originally Posted by usetosellhummer

Thanks your praise means alot to me.

Eat shit.

[DennisAJC]

Originally Posted by NJ H2

Someone get Winthorp in here and tell him to SELL SELL SELL!!!

Real Estate prediction for 2008

2008 brings most of Balloon Mortgages out there coming due
Lenders still in buisness are deep cutting mortgage products
Less loan programs = less buying and refinancing
Underwriting guidelines are tightened
Consumers are maxed-out and unable to repay and can't refinance

No more “Officer and a Gentleman" loans
Home values drop
No more equity to support spending habits

Fewer potential buyers

Increasing inventory
Increasing foreclosures

15%+ Home Value drop in 2008

HOWEVER There is still massive opportunity here if you time the Real Estate market correctly

Here is the answer:
Buy low Sell high!!

Some may disagree, but New Orleans is a buyers market right now. Literally dirt cheap in the flood affected areas like the lower Cs. It'll recover with improved restructuring and property value will return. Rental properties is the way to go.

[usetosellhummer]

I'm going to go to the matress, cut spending, work on credit card debt and curb lux spending. Trying to cut back in all ways, gonna have to cut this site sheet down too.

[DennisAJC]

Elcova is the cheapest form of entertainment and recreation.

Wheeling a Hummer is expensive so if you really want to cut down.......


But I doubt that's gonna happen.

[KenP]

Originally Posted by DennisAJC

Elcova is the cheapest form of entertainment and recreation.

Wheeling a Hummer is expensive so if you really want to cut down.......


But I doubt that's gonna happen.

He's already got an H3.

[usetosellhummer]

I am planning on cutting back and trading the 3 in on a H4 or Used H2. Values so low now on H2's they can't give them away on the used lots.
used car posion.

[DennisAJC]

Originally Posted by usetosellhummer

I am planning on cutting back and trading the 3 in on a H4 or Used H2. Values so low now on H2's they can't give them away on the used lots.
used car posion.

What the hell are you talking about?

With the introduction of the Alpha H3, I could walk into my dealership and trade in my 03 H2 for two 05 H3s.

Their used lot is filling up with them 5 cylinder H3 CARS.


I love this statement from their sales dept.

Guys who bought the H3 who couldn't afford the H2 are trading them back in pissed off that it isn't as nice and capable as the H2. They felt ripped off. What's even sadder is, now with the true H3 Alpha coming in, the 5 cylinder H3 is plummeting in value literally overnight. We don't want them.

I deal with facts Sam.

[BigPoppa1411]

Originally Posted by DennisAJC

Their used lot is filling up with them 5 cylinder H3 CARS.


I love this statement from their sales dept.




I deal with facts Sam.

That sux if its true....was hoping to trade in next year to get an H2. I really need more room. Value is really going to suck.

[DennisAJC]

What you should be doing is trading it in or selling it now before the H3 Alpha really floods the market.

My sister had this 4 cylinder pampered Camry that lost almost half it's value overnight when the 6 cylinder Camrys showed up on the lot.

Another big peeve is buying a vehicle without leather. For some reason not having leather is another excuse for knocking the value down on trade in.

""Well you could have gotten more if it you had one with the leather package."

[dеiтайожни]

Originally Posted by DennisAJC

What you should be doing is trading it in or selling it now before the H3 Alpha really floods the market.

x2.

[BigPoppa1411]

Originally Posted by DennisAJC

What you should be doing is trading it in or selling it now before the H3 Alpha really floods the market.

My sister had this 4 cylinder pampered Camry that lost almost half it's value overnight when the 6 cylinder Camrys showed up on the lot.

Another big peeve is buying a vehicle without leather. For some reason not having leather is another excuse for knocking the value down on trade in.

""Well you could have gotten more if it you had one with the leather package."

Im going to definately look into this. I have the leather pkg, Monsoon system and suroof. It was a base with some Lux options in it. Damn...this really bugs me now.

[NJ H2]

Originally Posted by DennisAJC

Some may disagree, but New Orleans is a buyers market right now. Literally dirt cheap in the flood affected areas like the lower Cs. It'll recover with improved restructuring and property value will return. Rental properties is the way to go.

For those of you who don't know I'm a Mortgage Banker and Dennis couldn't be more correct. The past week I have taken 12 Mortgage applications Totaling over 5 Million in Mortgage money and here is the breakdown:

QTY
7 (3) Family Homes
2 (4) Family Homes
1 (2) Family Home
1 (1) Family Home
1 Condo

The wave of Multi Family homes is on the rise

[NJ H2]

Originally Posted by DennisAJC

Some may disagree, but New Orleans is a buyers market right now. Literally dirt cheap

Or we could all move to Canada!

[usetosellhummer]

With the introduction of the Alpha H3, I could walk into my dealership and trade in my 03 H2 for two 05 H3s.

oops 06 is the first Model year BOZO

The Alpha is limited production you are so so wrong. H3's are selling
Let me guess you have a 02 H3

[NJ H2]

Originally Posted by usetosellhummer

With the introduction of the Alpha H3, I could walk into my dealership and trade in my 03 H2 for two 05 H3s.

oops 06 is the first Model year BOZO

The Alpha is limited production you are so so wrong. H3's are selling
Let me guess you have a 02 H3

Uhhhh wasn't 03 the first year for H2's ?

[usetosellhummer]

yea, thats the joke! 06 is fist year for the 3 not 05

[DennisAJC]

I've had my squints and fingers in N.O. for awhile now.

Another "Best Bet" down there is FEMA Trailers being auctioned off by the government. In some cases (Not all) they're liquidated as low as 95%(Median is 40%) off their sellable value in OTHER STATES or Canada.

I've flipped 4 of them so far and the beauty of it is, I never see them, I'll work it 5-10 minutes on the computer on weekends.

A word of caution: It sounds simple but some people blow it and lose big time if they don't have basic commodities experience skeelz. So cross your T's and dot your I's.

[DennisAJC]

Originally Posted by NJ H2

Or we could all move to Canada!

Except B.C. But I think an experience guy like you knows property here is getting ridiculously out of hand.

I bought our house at $550K 5 years ago. We got our property government assessed at $1.1 million this year. The property tax is killing alot of people here. One of our neighbors sold for $1.3M (Because they couldn't stand my Hummer staring at them every morning.) and bought a 100 acre lot 600 miles into the sticks.

The Canadian $ is expected to par up with the US $ by years end. But that's a bad thing for us.

It's wild on the Westcoast. Oregon, Washington and B.C.

[DennisAJC]

Originally Posted by DennisAJC

What the hell are you talking about?

With the introduction of the Alpha H3, I could walk into my dealership and trade in my 03 H2 for two 05 H3s.

Their used lot is filling up with them 5 cylinder H3 CARS.


I love this statement from their sales dept.




I deal with facts Sam.

Originally Posted by usetosellhummer

The Alpha is limited production you are so so wrong. H3's are selling
Let me guess you have a 02 H3

Did I say 2005 H3? OOOOPS! My bad. But that just shows how much I paid attention to the H3s.


And ya, I actually paid for my H2 in full on November of 2002. Delivered April 2003.


Alpha will not be a limited production. Trust me on that.

If AM General made them, sure. But this is GM we're talking about. It's all about money. And GM will be raking in $$$ with the H3 Alpha.