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Started by atinyc
almost 15 years ago
Posts: 14
Member since: Jun 2008
Discussion about
A friend of mine has just purchased his second condo in South Beach and encouraging me to make an offer on a studio in a solid location for about 90K. Anyone familiar with what's involved with short sales? Potential pitfalls? I might be able to scrape together enough to put down which banks prefer. Any thoughts on investing in Miami RE these days? I feel it pretty close to rock bottom at this point but welcome any other opinions. Was thinking of purchasing and renting out for a few years until I can no longer bear NY winters.
Response by huntersburg
almost 15 years ago
Posts: 11329
Member since: Nov 2010

So now you are stalking her in real life.

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Response by lucillebluth
almost 15 years ago
Posts: 2631
Member since: May 2010

How could you possibly have any idea? You don't know what her property is, where it is or what she paid for it.

Aren't you just a jealous petty troublemaker?

STEP RIGHT UP AND PLACE YOUR BET, LADIES AND GENTS!!!!!

did the statement above come from stevef? a re broker? a bitter owner who is justifying his call? or did it, in fact, come from uber bear extrordinaire, mr. columbiacounty? if you placed you single dollar bill on the latter, you have more money to your name than columbiacounty. who has lost his mind completely.

enjoy this beautiful day, you loser!!

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Response by huntersburg
almost 15 years ago
Posts: 11329
Member since: Nov 2010

lucille, how come that besides me, columbiacounty seems to attack women - you, Truth, ph41. Heck, he even used to go after MidtownerEast for whom, of course, gender doesn't seem certain.

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Response by lucillebluth
almost 15 years ago
Posts: 2631
Member since: May 2010

"You know nohing about me."

shows that old age and "experience" aren't all they're cracked up to be. columbiacounty, it may shock you to know that you betray your ugly weak character, bit by bit, almost every time you post. or, speak, in real life. you see, padawan, every time we say or write something, we unintetionally communicate to our audience a little bit of ourselves. live and learn, i guess. you'll be growing up into a respectable adult any day now.

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Response by huntersburg
almost 15 years ago
Posts: 11329
Member since: Nov 2010

We know plenty about columbiacounty. Did you read that thread where he went berzerk 18 months ago because of a window in the shower? He mentioned it at least 3 times in the thread. And it wasn't even a recent event.

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Response by huntersburg
almost 15 years ago
Posts: 11329
Member since: Nov 2010

Or Thursday when he went nuts because someone put "renters" in quotation marks.
Talk about betraying his sensitivities. I suspect if columbiacounty didn't lose his money in equities and selling real estate during a time of no demand, that he'd lose it all in a game of poker.

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Response by lucillebluth
almost 15 years ago
Posts: 2631
Member since: May 2010

because he is a bully and he thinks a girl can't kick his ass.

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Response by huntersburg
almost 15 years ago
Posts: 11329
Member since: Nov 2010

But really lucille, if you met columbiacounty as he currently is in the wheelchair with two limp legs, drooling with slurred speech, violently shaking hands, head moving side to side, wearing clothing with holes and the pants belted around his breasts, ... would you still kick his ass?

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Response by apt23
almost 15 years ago
Posts: 2041
Member since: Jul 2009

ph41: I am saddened to see that you took the bait of buyerbuyer who is a known troll with a personal vendetta. I am also quite amazed that on an anonymous site where a poster who boasted 30 sex partners a day went unchallenged, yet you would choose to assume that my estimate of loss on my apt -- of which you know nothing-- is wrong.

For the record -- When I refinanced several months ago, the appraiser gave the estimate to the bank based on comps. The exact same apt sold 6 months earlier for 15% below my purchase price. That comp is almost a year old now. Since then the stock market has has exploded and apts in my building are selling for good prices. There was also a report in an esteemed business paper that investors are buying mulitiple apartments in the building so I assume my purchase price will soon be 'whole'. But I obviously will never know until I put in on the market or get an new appraisal.

That said, I am mollified by the fact that most posters do not respond to the troll and no one has jumped on his band wagon to suggest that the 'game" is not rigged. It does not take a genius to know that the Fed has engineered a colossal "put" on the stock market with QE2 and the 10% of Americans invested in stocks have been able to take advantage of a rigged stock market that can only go up until the few months before the end of QE2. It is not the only evidence of a rigged market -- just the most obvious. The fact that Fannie /Freddie allowed the banks to settle for next to nothing or that not one financial wizard who made-- and kept-- millions by knowingly selling compromised mortgages has gone even been indicted is just a small sampling of a rigged legal and financial system. The list is enormous but most of you know it already.

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Response by lucillebluth
almost 15 years ago
Posts: 2631
Member since: May 2010

would you still kick his ass?

yes. he started it, and old bullies used to be young bullies. he's not getting a pass for his age and lack mental capacity. did you read about that old fogie who'd beed drugging and doing something to his nurses? HIS NURSES!!

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Response by huntersburg
almost 15 years ago
Posts: 11329
Member since: Nov 2010

It only seems rigged apt23 if you made financial decisions contrary to what is working today. It's rigged because you are bitter.

You've made buying real estate a moral issue, citing cigarettes for comparison.

Yet you own in Miami, and the loss has nothing to do with your decision, it's of course someone else's fault.

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Response by huntersburg
almost 15 years ago
Posts: 11329
Member since: Nov 2010

>The fact that Fannie /Freddie allowed the banks to settle for next to nothing or that not one financial wizard who made-- and kept-- millions by knowingly selling compromised mortgages has gone even been indicted is just a small sampling of a rigged legal and financial system.

What would the indictment be for? What is the criminal charge? The best you can come up with is the word "compromised".

How many people need to go to jail for "compromise" for apt23 to satisfy her blood lust and greed?

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Response by buyerbuyer
almost 15 years ago
Posts: 707
Member since: Jan 2010

Apt23, I don't know who had 30 sex partners, or whatever that refers to.

You often make legitimate points, many of which I agree with. However, when you cross over into hyperbole ("securitization is dead for a generation", etc.) or get carried away with meaningless words it's a bit much. Saying "the game is rigged" is essentially a meaningless statement. Or put differently, if the stock market is rigged, can you please inform me where it will be in six months? It's easy in retrospect to say that the rise in the market was rigged, but if it is really rigged you should inform us where it will be in the future. Of course, you can't. Fed manipulation is a fact, but no one knows exactly how it will work out, until it happens.

You're entitled to your view of the market, but you express it as if you know the received truth, and other poor imbeciles just don't understand. Actually, there is room for debate.

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Response by buyerbuyer
almost 15 years ago
Posts: 707
Member since: Jan 2010

And apt23 you have called plenty of people trolls, made personal attacks, called for people to be banned by SE,etc., usually when they have the temerity to question something you wrote (e.g., the case where you trollishly used a real person's name for ridicule).

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Response by huntersburg
almost 15 years ago
Posts: 11329
Member since: Nov 2010

>e.g., the case where you trollishly used a real person's name

Can you provide a link to this?

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Response by pier45
almost 15 years ago
Posts: 379
Member since: May 2009

Is anyone going to share anything else about Miami real estate? I still would love a 200k beach condo that won't lose all its value when my neighbors declare bankruptcy.

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Response by JEM
almost 15 years ago
Posts: 50
Member since: Jun 2007

Credible referral would be much appreciated. Are there one to two bedroom homes in small gated communities near the beach that go for ~$200? Since this would be a second home the security is paramount. I love the idea of an occasional cookout, in your own home, although my New York mentality sees a beach condo as probably best.

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Response by needsadvice
almost 15 years ago
Posts: 607
Member since: Jul 2010

@PIER45 AND JEM:

$200K will do well for you in miami. Do you mean miami or miami beach? Google maps is your friend.

Some people have had success with this guy: http://www.joshsteinrealtor.com/

Narrow down what you want on floridamoves.com, it has 98% of ALL listings, not just Coldwell listings.

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Response by alanhart
almost 15 years ago
Posts: 12397
Member since: Feb 2007

Just buy a $10$-25K condo in a 55+ community, like Cemetery Village or King's Purnt. Very often, "furniture stays", so at worst you have to buy new protective vinyl slipcovers.

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Response by alanhart
almost 15 years ago
Posts: 12397
Member since: Feb 2007

Not negative $25K, yet. $10K-$25K.

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Response by apt23
almost 15 years ago
Posts: 2041
Member since: Jul 2009

It is easier to find 200K near the beach a little higher on the coast. Ft Lauderdale - West Palm/Jupiter. And easier to find houses there too. Not impossible in Miami just a tad more difficult and less sf. Careful of Sunny Isles. Weird neighborhood. Lots of financially distressed condo buildings.

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Response by Dwayne_Pipe
almost 15 years ago
Posts: 510
Member since: Jan 2009

"dwayne pipe, what happened? antiques, decorating, all the caps, and the WAAAAAAAYs......... 'Your name will no longer be Jacob, but Israel, because you have struggled with God and with men and have overcome.' "

LOL. South Florida is a topic dear to my heart, and so i guess i am uncharacteristally pleasant and helpful when that topic arises. don't let it go to your head...

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Response by KeithB
almost 15 years ago
Posts: 976
Member since: Aug 2009

Pipe you are coming off kind of soft here, I usually steer clear of you, lol. Looks like we will be buying in Jupiter, feel a little better about it than West Palm. WP just seems to have a lot more dicey areas, though maybe I'm wrong?

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Response by Dwayne_Pipe
almost 15 years ago
Posts: 510
Member since: Jan 2009

WP definitely has some sketchier areas than PB. Jupiter is a lovely place and there is a lot of fishing and scuba diving done there. You'll have fun!

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Response by apt23
almost 15 years ago
Posts: 2041
Member since: Jul 2009

Congrats Keith. Are you going to get one of the bargains on the canal -- then you can have w67 help you buy a yacht in a fire sale and have the bank pay for it!!. Seriously though. It is really nice to go out on the water --even is small crafts. I think they give you official residence status if you even go for a dinghy.

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