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Old 2008-07-30, 05:18 PM   #26
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You've got to be real careful these days, with people renting out their upside-down mortgaged homes. Some renters have been evicted, because the home was foreclosed, and on top of that, the owners weren't in the position of being able to refund deposits.
Good point.

I was referring to people renting their investment properties because they can't sell them for what they owe and they're waiting for the market to turn around. Not people renting their investment properties because they can't afford the payments on them!

I guess I'm not sure how to tell them apart.
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Old 2008-07-30, 09:17 PM   #27
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It's touchy. Scott down here is getting the boot because the owner can't afford the $430k loan on the house he's in; the bank is trying to sell it for $210.......tough to even think of that as a long-term investment.
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Old 2008-07-31, 09:18 AM   #28
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It's touchy. Scott down here is getting the boot because the owner can't afford the $430k loan on the house he's in; the bank is trying to sell it for $210.......tough to even think of that as a long-term investment.
Its a 30 year mortgage right? That sounds long term to me.
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Old 2008-07-31, 09:51 AM   #29
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If Scott likes that house at all, he needs to buy it! A $430k house for $210k is a steal even in this market, and he won't have to move! Hell, his payments might even go down considering the low interest rates by buying it over renting it.

I think Van is in the process of buying his rental right now here in Reno too, IIRC.
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Old 2008-07-31, 11:58 AM   #30
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Unfortunately, 210 isn't a steal because the neighboring houses are already under 200k and dropping.....heh.
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Old 2008-07-31, 12:01 PM   #31
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Unfortunately, 210 isn't a steal because the neighboring houses are already under 200k and dropping.....heh.
Ouch.
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Old 2008-08-03, 08:22 PM   #32
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Soo.....I found a place!!! We put a deposit down and we find out for sure if we get it on Tuesday but they said we have a really good chance at getting it!!! Its called The Village at Iron Blossom by Joe Bob's and In-n-Out!! If we get it our move in date is August 23rd!!!!
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Old 2008-08-03, 09:45 PM   #33
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Soo.....I found a place!!! We put a deposit down and we find out for sure if we get it on Tuesday but they said we have a really good chance at getting it!!! Its called The Village at Iron Blossom by Joe Bob's and In-n-Out!! If we get it our move in date is August 23rd!!!!
I lived there for a year, but then it was called Shadow Mountain. The thing I liked about that apartment is the wood burning fireplace, it's awesome in the winter. The biggest problem I had was trying to arrange the living room to incorporate the fireplace, that and the secured guards who think all young people are drunken, dope addicts, who are glue sniffers.
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Old 2008-08-04, 08:41 AM   #34
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all young people are drunken, dope addicts, who are glue sniffers.

Well, aren't they?

Except the ones out filleting steel targets with lead.
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Old 2008-08-04, 03:11 PM   #35
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I lived there for a year, but then it was called Shadow Mountain.

I used to buy my crack rocks from a guy named Raul in that complex!
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Old 2008-08-04, 03:42 PM   #36
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I used to buy my crack rocks from a guy named Raul in that complex!
That's funny. I used to sniff glue with Raul. Small world!
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Old 2008-08-05, 01:45 PM   #37
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I GOT THE APARTMENT!!!
I move in August 23rd!!
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Old 2008-08-05, 02:33 PM   #38
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We will congratulate you after you actually move
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Old 2008-08-05, 02:53 PM   #39
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^
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Old 2008-08-05, 04:03 PM   #40
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I hope you didn't get number 220. Bad things happened in there.
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Old 2008-08-07, 10:12 AM   #41
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I hope you didn't get number 220. Bad things happened in there.
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Old 2008-08-07, 10:18 AM   #42
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Well... sounds a lot better than the places I live in at 21... which were old, dumpy, unsafe-ish, and next to the railroad. As long as there aren't a million roaches that scatter when the lights come on and perpetual Mexican music coming through the walls, Em's ahead of the game.

(Hey Austin... remember Bullock Lane? *shudder*)
I remember how the entire building would resonate when the locomotives stopped and idled right across the street.

Oh, plus all the roaches.
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Old 2008-08-07, 10:37 AM   #43
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I remember how the entire building would resonate when the locomotives stopped and idled right across the street.

Oh, plus all the roaches.
My bedroom would act as a bass box when the trains would idle. I had to open the window to "port" my room and stop stuff from sliding off my vibrating desk.
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Old 2008-09-04, 02:13 PM   #44
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So I officially live in Reno now!! Yay!!
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Old 2008-09-04, 02:25 PM   #45
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Gotta change this then ho!
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Old 2008-09-04, 02:53 PM   #46
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Changed!
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