- Originally posted by Redhaven:
hubby and I would be buying under-market properties – at least, that’s the plan…
How do you know they’re ‘under market’? Isn’t the price you pay for a property its market value (unless you are the only person who knows it is for sale)?
I’m not intentionally being pedantic or negative, but I hear this often of late, and it rings alarm bells for me.
Cheers, F.[cowboy2]Hi Foundation,
I’m not intentionally being pedantic or negative, but I hear this often of late, and it rings alarm bells for me.Obviously the market price is where supply equal the demand.
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I think redhaven like many others is just using this term to indicate that they intend to research and negotiate the price of each property.
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good luck.Don Nicolussi | Mortgage Broker - Home Loan Warehouse
http://homeloanwarehouse.com.au
Email Me | Phone Me"I think of finance as a technology, a way of getting things done." Robert Shiller
… or significantly under valuation.
Don Nicolussi | Mortgage Broker - Home Loan Warehouse
http://homeloanwarehouse.com.au
Email Me | Phone Me"I think of finance as a technology, a way of getting things done." Robert Shiller
Exactly.
“I alone know the plans I have for you, plans to bring you prosperity and not disaster, plans to bring about the future you hope for.” ~ GOD ~ (Jeremiah 29:11)
And yes, Brenda, I agree that step by step is the way to do it. We will be down there for 9 days shortly so Brett and I will begin to check out the work situation. I think your idea of renting first is wise. I just hate the idea of paying “dead money” !! Oh well if we set a goal of 6 months renting then buy…?
Redhaven.
“I alone know the plans I have for you, plans to bring you prosperity and not disaster, plans to bring about the future you hope for.” ~ GOD ~ (Jeremiah 29:11)
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