Anonymous_User Absent Member.
Absent Member.
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Can I buy real estate

If I'm underwater on my real house but have money I want to invest, can I
still buy an extra house or will they not finance me at all?


Not that this @$$hat has anything to do with it:

http://www.huffingtonpost.com/2009/06/03/jim-cramer-buy-a-house-no_n_210768.html

🙂






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13 Replies
Anonymous_User Absent Member.
Absent Member.

Re: Can I buy real estate

Craig wrote:

> If I'm underwater on my real house but have money I want to invest,
> can I still buy an extra house or will they not finance me at all?


I guess that would depend on if your house leaks.
🙂
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Anonymous_User Absent Member.
Absent Member.

Re: Can I buy real estate

What you need to do is declare bankruptcy. Have your home and cars
repossessed. Then apply for assistance (any kind will be fine). Lastly
you need to go to the nearest mobile home reseller and pick out the most
expensive home you can find. You know the double wide with jacuzzi and
extra big closets.

Now apply for financing with zero money down. Even tell them you have
no money to move or anything like that. You will need to be employed,
but part time at mcdonalds is fine. You just have to have a job.

Now your set. You have your new home and payments you can't afford. 😄

American dream realized once again. xD
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zeffan Absent Member.
Absent Member.

Re: Can I buy real estate

What you need to do is declare bankruptcy. Have your home and cars
repossessed. Then apply for assistance (any kind will be fine). Lastly
you need to go to the nearest mobile home reseller and pick out the most
expensive home you can find. You know the double wide with jacuzzi and
extra big closets.

Now apply for financing with zero money down. Even tell them you have
no money to move or anything like that. You will need to be employed,
but part time at mcdonalds is fine. You just have to have a job.

Now your set. You have your new home and payments you can't afford. 😄

American dream realized once again. xD


Better yet, you could do what one of my soccer kids' parents are doing...

just stop paying your mortgage, take trips on your credit cards (don't worry about paying them off!), and tell your kids that you've got nothing to worry about because you're rich. After all, with the housing market the way it is no one will buy a foreclosed house anyway so the bank isn't about to kick you out.
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Anonymous_User Absent Member.
Absent Member.

Re: Can I buy real estate

I'm tempted...I'm tellin' ya.

Instead, I've been buying stocks and whatnot. That's why I was thinking, if
I bought a house at distressed prices maybe the 2 would reach equilibrium?
Like I could end up 100K under on one but 150K up on the 2nd?


"zeffan" <zeffan@no-mx.forums.novell.com> wrote in message
news:zeffan.3t81cn@no-mx.forums.novell.com...
>
>> What you need to do is declare bankruptcy. Have your home and cars
>> repossessed. Then apply for assistance (any kind will be fine).
>> Lastly
>> you need to go to the nearest mobile home reseller and pick out the
>> most
>> expensive home you can find. You know the double wide with jacuzzi
>> and
>> extra big closets.
>>
>> Now apply for financing with zero money down. Even tell them you have
>> no money to move or anything like that. You will need to be employed,
>> but part time at mcdonalds is fine. You just have to have a job.
>>
>> Now your set. You have your new home and payments you can't afford.
>> 😄
>>
>> American dream realized once again. xD

>
> Better yet, you could do what one of my soccer kids' parents are
> doing...
>
> just stop paying your mortgage, take trips on your credit cards (don't
> worry about paying them off!), and tell your kids that you've got
> nothing to worry about because you're rich. After all, with the housing
> market the way it is no one will buy a foreclosed house anyway so the
> bank isn't about to kick you out.
>
>
> --
> zeffan
> ------------------------------------------------------------------------
> zeffan's Profile: http://forums.novell.com/member.php?userid=21925
> View this thread: http://forums.novell.com/showthread.php?t=374956
>



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zeffan Absent Member.
Absent Member.

Re: Can I buy real estate

It sounds reasonable. I know I'm investing madly in stocks myself.
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Anonymous_User Absent Member.
Absent Member.

Re: Can I buy real estate

I need a big gain to offest my big loss!
"zeffan" <zeffan@no-mx.forums.novell.com> wrote in message
news:zeffan.3t85in@no-mx.forums.novell.com...
>
> It sounds reasonable. I know I'm investing madly in stocks myself.
>
>
> --
> zeffan
> ------------------------------------------------------------------------
> zeffan's Profile: http://forums.novell.com/member.php?userid=21925
> View this thread: http://forums.novell.com/showthread.php?t=374956
>



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Anonymous_User Absent Member.
Absent Member.

Re: Can I buy real estate

If it's a houseboat, you are $0L!

Craig wrote:
> If I'm underwater on my real house but have money I want to invest, can I
> still buy an extra house or will they not finance me at all?

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Anonymous_User Absent Member.
Absent Member.

Re: Can I buy real estate

Ha! I once hung out with some people on a houseboat docked in Sausalito.
Seemed like a pretty smart idea to me at the time, since the boat was only
like 40k, and of course slip fees.

I'm more underwater than him, and I'm a land-lubber!


"dan c." <dytcheungDEL@hotmail.com.del> wrote in message
news:_TWVl.813$0w7.769@kovat.provo.novell.com...
> If it's a houseboat, you are $0L!
>
> Craig wrote:
>> If I'm underwater on my real house but have money I want to invest, can I
>> still buy an extra house or will they not finance me at all?



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Anonymous_User Absent Member.
Absent Member.

Re: Can I buy real estate

It would seem that everyone in San Francisco *should* be underwater.
Compare your housing prices with the rest of the United States!

And you may become *literally* underwater when the "big one" hits.

Of course, Joe could find you a job in Chicago, but your pay would be eaten
up by parking fees.

-Bob C.


"Craig" <ElRushbo@eibnet.com> wrote in message
news:OZWVl.817$0w7.724@kovat.provo.novell.com...
> Ha! I once hung out with some people on a houseboat docked in Sausalito.
> Seemed like a pretty smart idea to me at the time, since the boat was only
> like 40k, and of course slip fees.
>
> I'm more underwater than him, and I'm a land-lubber!
>
>
> "dan c." <dytcheungDEL@hotmail.com.del> wrote in message
> news:_TWVl.813$0w7.769@kovat.provo.novell.com...
>> If it's a houseboat, you are $0L!
>>
>> Craig wrote:
>>> If I'm underwater on my real house but have money I want to invest, can
>>> I still buy an extra house or will they not finance me at all?

>
>



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Anonymous_User Absent Member.
Absent Member.

Re: Can I buy real estate

Craig,



>
> I'm more underwater than him, and I'm a land-lubber!
>
>


Speaking of being underwater...

http://www.dilbert.com/fast/2009-05-04/
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Anonymous_User Absent Member.
Absent Member.

Re: Can I buy real estate

I love it!....Capitalism, the great leveler!


"DougB" <dougdotblack@gmaildot.com> wrote in message
news:038Wl.890$0w7.432@kovat.provo.novell.com...
> Craig,
>
>
>
>>
>> I'm more underwater than him, and I'm a land-lubber!
>>
>>

>
> Speaking of being underwater...
>
> http://www.dilbert.com/fast/2009-05-04/



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Anonymous_User Absent Member.
Absent Member.

Re: Can I buy real estate

Naaahh....there are people on my block that have owned their house since the
'60s....paid 30k and have property taxes of 2 or 3 k per year.

They're not underwater, just those who bought in the last 5 or 7
years.........

RE: Chicago: of course you know that I'm from there (by way of Indiana)




"Wallgames.com" <rpcarrollNOSPAMPLEASE@NOSPAMPLEASEwallgames.com> wrote in
message news:HSXVl.825$0w7.554@kovat.provo.novell.com...
> It would seem that everyone in San Francisco *should* be underwater.
> Compare your housing prices with the rest of the United States!
>
> And you may become *literally* underwater when the "big one" hits.
>
> Of course, Joe could find you a job in Chicago, but your pay would be
> eaten up by parking fees.
>
> -Bob C.
>
>
> "Craig" <ElRushbo@eibnet.com> wrote in message
> news:OZWVl.817$0w7.724@kovat.provo.novell.com...
>> Ha! I once hung out with some people on a houseboat docked in Sausalito.
>> Seemed like a pretty smart idea to me at the time, since the boat was
>> only like 40k, and of course slip fees.
>>
>> I'm more underwater than him, and I'm a land-lubber!
>>
>>
>> "dan c." <dytcheungDEL@hotmail.com.del> wrote in message
>> news:_TWVl.813$0w7.769@kovat.provo.novell.com...
>>> If it's a houseboat, you are $0L!
>>>
>>> Craig wrote:
>>>> If I'm underwater on my real house but have money I want to invest, can
>>>> I still buy an extra house or will they not finance me at all?

>>
>>

>
>



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Anonymous_User Absent Member.
Absent Member.

Re: Can I buy real estate

In related news:

http://www.huffingtonpost.com/2009/06/05/video-ferris-bueller-home_n_211772.html


"Wallgames.com" <rpcarrollNOSPAMPLEASE@NOSPAMPLEASEwallgames.com> wrote in
message news:HSXVl.825$0w7.554@kovat.provo.novell.com...
> It would seem that everyone in San Francisco *should* be underwater.
> Compare your housing prices with the rest of the United States!
>
> And you may become *literally* underwater when the "big one" hits.
>
> Of course, Joe could find you a job in Chicago, but your pay would be
> eaten up by parking fees.
>
> -Bob C.
>
>
> "Craig" <ElRushbo@eibnet.com> wrote in message
> news:OZWVl.817$0w7.724@kovat.provo.novell.com...
>> Ha! I once hung out with some people on a houseboat docked in Sausalito.
>> Seemed like a pretty smart idea to me at the time, since the boat was
>> only like 40k, and of course slip fees.
>>
>> I'm more underwater than him, and I'm a land-lubber!
>>
>>
>> "dan c." <dytcheungDEL@hotmail.com.del> wrote in message
>> news:_TWVl.813$0w7.769@kovat.provo.novell.com...
>>> If it's a houseboat, you are $0L!
>>>
>>> Craig wrote:
>>>> If I'm underwater on my real house but have money I want to invest, can
>>>> I still buy an extra house or will they not finance me at all?

>>
>>

>
>



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