UnThreaded | Threaded | Whole Thread (13) | Ignore Thread Prev | Next
Author: foo1bar Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 13953  
Subject: Re: Affordable or Market-Priced Home a better de Date: 11/27/2012 3:48 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 2
they're a little smaller and the interior finish is more modest (laminate vs granite counters; carpet vs. hardwood flooring, etc.)

...
The "catch" in the affordable homes is that the buyer agrees to an equity gain cap of 2% per year,


Is there any chance you'll want to improve the house significantly (ex. put in granite, better appliances, etc?)
If so, then what happens to the improvemnts you make -how do those factor in to that "gain cap"?
I'm just thinking - you buy place, put in $20K (or more) into fixing up some things, and instead of getting $10K or $20K better sales price, you get nothing for what you put in
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (13) | Ignore Thread Prev | Next

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Apple

Wal-Mart Nixes Apple Pay
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement