09-30-2008, 12:45 AM | #21 |
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My house never appreciated while your houses were doubling in price. That's why my area is probably relatively healthier.
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09-30-2008, 12:51 AM | #22 | |
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Do you mean it NEVER apprecaited or just didn't appreciate much? If it didn't apprecaite at all, I think you may have other issues.
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Sorry for th e tpyos. |
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09-30-2008, 01:06 AM | #23 |
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09-30-2008, 02:58 PM | #24 |
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I know of several homes in the SLC/Utah county area. A Lawrence Skinner out of SLC used peoples credit here in the Rexburg area and bought multiple homes down there. He would take the equity out, give the person who he used for credit anywhere from 15,000 to 50,000 dollars per home and would take the rest. He did this with a promise of making all the payments and then selling the home in a year of two and making more money. Of course this all fell apart and those around here looking for an easy buck or two are getting hounded by creditors and worried what lies ahead for them. Several of the homes have been in foreclosure and others have gone through a short sale. I have about four friends that got involved in this and know of several other people that did it also. I guess about 75 homes are involved with just this one guy down there and their was several guys doing it. Greed is a killer every time.
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"I always rode to my limit. If I won by three minutes, that's because I couldn't make four." Eddy Merckx Last edited by RC Vikings; 09-30-2008 at 03:05 PM. |
09-30-2008, 03:01 PM | #25 | |
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09-30-2008, 03:57 PM | #26 | |
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Give 'em Hell, Cougars!!! Religion rises inevitably from our apprehension of our own death. To give meaning to meaninglessness is the endless quest of all religion. When death becomes the center of our consciousness, then religion authentically begins. Of all religions that I know, the one that most vehemently and persuasively defies and denies the reality of death is the original Mormonism of the Prophet, Seer and Revelator, Joseph Smith. |
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09-30-2008, 04:02 PM | #27 |
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I know of one in Alpine, Utah.
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10-01-2008, 03:43 PM | #28 |
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yes, my dad lost his house to foreclosure. but he CERTAINLY was not in the category of people who are being disparaged for buying beyond their means. I wonder what the purchase price was for a house in Montana in 1975? In other words, he may be an anomaly (maybe not), but for him, it's so much more complicated.
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