He also has established that it's better to be thought an idiot, than to type and remove all doubt.

"Yeah, my net worth went down to basically nothing"

And when you look in the mirror you see a POS. In fact maybe the Government should have stepped in and sold off your assets to ensure you were solvent and not about to use entitlements? Keep the rest of us safe from your lack of planning.

His advice is solid and NOW is the time to buy and rent.

There are plenty of steals out there right now that are automatically in the black.

Of course if you already are maxxed out, you're out of luck. And if you bought anywhere around the peak ( '06, '07) you are quite likely under water and out of luck......for a long time to come.

"His advice is solid and NOW is the time to buy and rent."

OK another nut. Maybe you guys haven't lived long enough to see rents get hammered? People rent right now because they can't buy. If buying becomes easy again watch out land lords. Of course there's the whole maintenance costs, property taxes, etc...you know all of that stuff that stays static like dividends....LOL. WOW.

"There are plenty of steals out there right now that are automatically in the black."

That's if you believe we are rebounding. I believe we are. And if you believe we are then you must believe Obama is doing a bang up job.

"between being insolvent and having a zero net worth"

Yeah...in your world one is a dead beat and the other is a good chance to be a dead beat.

I wonder what WE THE PEOPLE will do about the mess come election
time. 'course those ninnyhammers like FP probably don't vote, so
their opinions as pretty ephemeral other than to beat their drum.

BTW those that started paying SS taxes to the Government 30+ years
ago were grumbling about it the same as those paying now. I did.
And I will gladly collect the amount doled out to me as a repayment.
And I don't give a rats azz what you think about that FP.ick.

"it only matters the price you pay and the rent"

EXACTLY. But there's only one number in there that remains stagnant IF you got a fixed loan. The others can do you in.

from 2009

A shrinking number of jobs and a growing supply of apartments will continue to push the Puget Sound region's rents down next year as vacancy rates climb, industry experts predict.

"Job losses killed our market, and development buried it," Mike Scott, of Dupre + Scott Apartment Advisors, told landlords at an industry conference Tuesday.

The average monthly rent across all apartment types in King, Pierce and Snohomish counties fell from $988 to $959 during the 12 months ending in September, and a continuing decline through 2011 will further cut that figure to $889, Dupre + Scott projects.

One driving factor is a decline in jobs. Western Washington will lose 71,000 this year, and it's expected to lose an additional 19,000 in 2010, forecasts local consulting firm Conway Pedersen Economics.

Matthew Gardner, of Gardner Economics, said the region is "through the worst" of its job losses.

"I think that we're diversified enough that we can expect to go out of the recession by the first or second quarter of next year," and the housing market should follow, he said at the gathering organized by the Washington Multifamily Housing Association.

Microsoft's planned 5,000 layoffs won't hurt Western Washington's housing market too much because many of those job cuts are happening elsewhere, Gardner said. And while the fate of Boeing's 787 Dreamliner is "certainly very important" for the state's economy, it's "not crucial."

While demand for apartments is falling, the supply is rising.

So far, 4,100 new units have opened this year, and more than 2,000 others are expected to become available by year-end, according to Dupre + Scott.

The firm estimates that about 20 percent of the 6,000 condos completed in the past three years are also on the rental market now.

The combination of job losses and new units has upped the region's vacancy rates from 6.6 percent last spring to 7.2 percent now, and heading toward 9 percent next year, the firm said.

A"significant jump" in vacancies in Pierce County has contributed to the overall regional increase, the firm found. Meanwhile, Kitsap County's vacancy rate of only 5 percent is the lowest in the Puget Sound area, largely because "there's been no new apartment construction in Kitsap for a while."



To attract renters, landlords have lowered rents, and six out of 10 are offering concessions worth an average $757, according to the firm's research.

Scott said that in the last four years, an "echo-boom" of 30,000 to 40,000 people aged 20-34 — a demographic group that traditionally rents, rather than buys — has come into the market.

A lot of them bought houses because of easy financing before the housing market crashed.

But twice as many "echo-boom" members are still coming into this market.

"Market to the Gen Y group," Scott advised the landlords.

"You've got to get into their head and make a product that they want."

Overall, Scott said, real estate in the region "will be a very tough investment market" in the short term, but things should start to turn around by 2011.

"A slow recovery is better than being in a tailspin," said Scott. "We are on the way out, but it will be a slog going forward."

"Libtarded Leaches dont pay squat"

It's already been established as fact that the red states are the key leaches. It's also already been established as fact that in this state the largest entitlement leaches are in Republican leaning counties. So please clean up your party will ya?

"So if your vacancy rate is 8%, which is higher than the figures you are quoting... that would be $11,000 annually in rent and $7200 in principal, interest, taxes and insurance. That leaves $3800 per year for maintenance, management fees (which I pay to myself) and plenty of wiggle room if rents decline."

Um...vacancy rate is the market as a whole not your property. Meaning 8% of landlords are bleeding money because they have no rent coming in.

"You also can depreciate out the house which decreases your income on paper"

And it's that type of welfare the rest of us award you that needs to stop. You're entire "self sufficient" argument just went out the window freeloader.

Why would you do that?

Sounds to me like a good way to get your retired [Bleeeeep!] beat into the ground if someone with any social graces overhears you laughing at poor people.

LOL....no they are property owners who can't rent because if they could they would be landlords. And yeah none sat vacant...didn't happen. And rents weren't lowered below costs....nope. It's a sure thing. Like stock dividends.

Absolutely legal deduction and should be done away with. You aren't self made if you are expecting deductions from your fellow man. Welfare is welfare. No reason "we the people" should be aiding your business in any way.

Hmmm.

Classic

Fish on...

Todd

"I likely pay more in property taxes that funds these essential services than you do in income tax. "

That would be a lot since I do well and qualify for almost zero deductions.

There was an applicable quote recently. Probably one of your idols....."You need to have skin in the game".

FP = Entitlement whore.

That was unfortunate.

Websters is still a dictionary right?

en·ti·tle·ment 
noun
1. the act of entitling.
2. the state of being entitled. (FP's false sense of grandeur)
3. the right to guaranteed benefits under a government program, as Social Security or unemployment compensation. (FP and the IRS tax code) (legitimate business deduction's fall here)

He's painted himself into a corner.
A worthless dirt bag who's in no position to preach about others. He's got no skin in the game so should just stfu.

A typo goes unaddressed...........unless you make when when pointing out the stupidity of others.

In that case, you deserve the cage rattling you get.

"the plumber I have been waiting for all day has finally arrived"

Time for a different kind of reaming.

"No business pays income taxes on it's net income, only the gross."

Wrong. Businesses pay income tax on net income not gross.
Gross - corp welfare = net income

You'll know it when I'm trying.