[2012] Possibly Buying into DVC

[frank808]

It's also more economical to live in Florida than Hawaii but you moved here. You probably could buy five houses for the price of yours rent the others out and not have to work at all Some things aren't about money but we get it. It's not economical. I've done economical in the past. Let me tell you if I wanted economical I wouldn't be looking to buy Dvc, I'd invest in foreclosure properties and rent them out and use the cash for vacation. Oh wait ee. There done that. Oh. And I'm not even old.

Haha I also have done what you have pearl. I dont know about the old part as I am already past 40.

 

[PearlCity]

Haha I also have done what you have pearl. I dont know about the old part as I am already past 40. We stopped buying on Oahu about 8 years ago and moved to buying foreclosures in Las Vegas until about 2 years ago. The market is CRAZY in las vegas now. There are a lot of Chinese buyers going after the homes that have the best ROI. It is still doable but there are multiple offers for a property priced right. I remember in vegas offering on 2 to 3 properties at one time with no one else bidding on any of the properties. Banks had no choice in who to sell it to. Either sell it or keep paying the holding costs. Also didn't worry when we bid a little under the asking price. Now you got to go over asking price and the banks are asking more than they would have 2 years ago. I would say its been about a 15-20 percent increase in selling price from 4 years ago.

I'm a little younger than that but we should chat offline. I'm interested to see how you do things. We don't own tons, but for our age and what we do in our dsay jobs I'm happy. We can't rely on social security anymore so our generation needs to plan aquately for retirement. Interesting stuff.