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Old 03-05-2007, 12:30 AM    (permalink
GiantRutgersFan
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Default Anyone live in Missisipi or something?

I was looking on the internet at houses down there, just for fun.

Anyways, you can get a massive house down there for $35,000.

Look at this one

http://www.realtor.com/Prop/1064596183

its got 5 bedrooms and 3 bathrooms.



I know your probably in the middle of nowhere, but besides that, whats the downside?
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Old 03-05-2007, 12:34 AM    (permalink
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you'd have to live in Mississippi...
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Old 03-05-2007, 12:35 AM    (permalink
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that house isnt "massive"
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Old 03-05-2007, 12:42 AM    (permalink
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that house isnt "massive"

Maybe its really deep. IDK but 5 bedrooms, 3 bathes is a real lot. More then I need to make a weight room, billiards room, and a lounge...


Plus if you live in missisipi you would be the "big man on campus" in a way.
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Old 03-05-2007, 12:51 AM    (permalink
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that house isnt big its a one stroy house
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Old 03-05-2007, 12:52 AM    (permalink
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2207 sq. ft. is not massive...
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Old 03-05-2007, 01:34 AM    (permalink
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gross looking house. probably in hicksville.
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Old 03-05-2007, 01:45 AM    (permalink
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ahha i just though abt the title of this thread, "anyone live in missisipi, OR SOMETHING?" haha or something
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Old 03-05-2007, 06:39 AM    (permalink
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Wait a few years until the economy crashes and you won't need to go to mississippi to find a great deal in real estate. Find a deal where your expenses on the property are less than your income generated from it. Everything else is for suckers. Properties should be assets, not liabilities. Anytime you take on large debt, be sure somebody else is paying for it. If you're really considering going to mississippi for that house, then the first thing you need to find out is why it's so cheap. Chances are, it's not that great a deal. But it could be. And if it is, then the odds are that the seller is desperate, and you could possibly get it cheaper than the asking price. Actually, you should almost never pay the asking price. Make offers that make sense for you financially. Not them. Be sure that you accurately calculate your expense/expected income ratio. Otherwise you'll regret taking on big debt that perpetually drains your cash flow.
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Old 03-05-2007, 11:01 AM    (permalink
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Default

1. Greenwood is garbage
2. the house is over 40 years old
3. 5 bedrooms in a 2,200 sq ft house...have fun sleeping in a virtual closet
4. it has to list "public sewer" as one of its features...
5. like everyone has said, mississippi stinks, i live here and can vouch for that.
other than that, its a wonderful piece of real estate that any Redskin, Eagle, Giant, Wolverine, or Trojan fan should buy...
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Old 03-05-2007, 11:09 AM    (permalink
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LOL I just looked at the picture and started cracking up.
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Old 03-05-2007, 11:39 AM    (permalink
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It's all relative, sure the house (which is a POS by the way) may be 40k but what do the jobs pay? Most likely not much.
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Old 03-05-2007, 11:41 AM    (permalink
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Yeah... I could technically split my bedroom into 5 rooms that are each like 4 by 4, and have a 6 bedroom apartment.
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Old 03-05-2007, 11:46 AM    (permalink
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Wait a few years until the economy crashes and you won't need to go to mississippi to find a great deal in real estate. Find a deal where your expenses on the property are less than your income generated from it. Everything else is for suckers. Properties should be assets, not liabilities. Anytime you take on large debt, be sure somebody else is paying for it. If you're really considering going to mississippi for that house, then the first thing you need to find out is why it's so cheap. Chances are, it's not that great a deal. But it could be. And if it is, then the odds are that the seller is desperate, and you could possibly get it cheaper than the asking price. Actually, you should almost never pay the asking price. Make offers that make sense for you financially. Not them. Be sure that you accurately calculate your expense/expected income ratio. Otherwise you'll regret taking on big debt that perpetually drains your cash flow.
Rich Dad, Poor Dad?
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Old 03-05-2007, 11:50 AM    (permalink
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Old 03-05-2007, 12:22 PM    (permalink
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Rich Dad, Poor Dad?
haha, basically. He's right though, I know alot of people that are what we call "house poor". Meaning that they pay so much for mortgage that they basically can't ever afford to do anything enjoyable with their money. It's not the way to be..
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Old 03-05-2007, 12:30 PM    (permalink
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2,200 sq. ft. is NOT a virtual closet. Its actually pretty big. I dont know how many of you have shopped for a house before, but im guessing its close to none. My condo is 1,200 sq. ft. and that considered big for a condo I just had it appraised and the value was $240,000 (houses in New England are valued pretty high). I was going to sell it for a single-family house, and the houses that were available we're usually the same amount of space if not smaller. 2,200 sq. ft. is not small whatsoever.
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Old 03-05-2007, 12:40 PM    (permalink
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2,200 sq. ft. is NOT a virtual closet. Its actually pretty big. I dont know how many of you have shopped for a house before, but im guessing its close to none. My condo is 1,200 sq. ft. and that considered big for a condo I just had it appraised and the value was $240,000 (houses in New England are valued pretty high). I was going to sell it for a single-family house, and the houses that were available we're usually the same amount of space if not smaller. 2,200 sq. ft. is not small whatsoever.
the square footage isn't bad...its the fact that its split up into 5 bedrooms and 3 baths...which makes the rooms tiny
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Old 03-05-2007, 12:43 PM    (permalink
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Yea. But if you get some kind of internet job, wouldnt it not matter? Cause it would pay the same either way.

If you had a site like this, you wouldnt have to work I am sure. And you would be rolling in cash down in Mississippi.


And it wasnt just that house either. Go to realtor.com and just look up Missisipi and theres a bunch of similar ones.
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Old 03-05-2007, 12:47 PM    (permalink
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2,200 is a closet when your talking 5 bedrooms and 3 baths... At most it should be 4 bedrooms 2 baths...

Duckseason: Its amazing how you can predict the economy crashing...

Vince: Most millionaire's live in middle class neighborhoods and most people in high class neighborhoods are broke.
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Old 03-05-2007, 12:48 PM    (permalink
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Why do we have this thread? I wouldn't live in Mississippi if someone gave me 40,000 dollars a year in addition to my job.
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Old 03-05-2007, 12:49 PM    (permalink
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Why do we have this thread? I wouldn't live in Mississippi if someone paid me 40,000 dollars.
I couldnt agree more with that statement and since I recently gave you rep on another post it wouldnt let me give you rep for this one but that is a genius comment.
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Old 03-05-2007, 12:51 PM    (permalink
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the square footage isn't bad...its the fact that its split up into 5 bedrooms and 3 baths...which makes the rooms tiny
thats what they make sledge hammers for, and thats the beaty of homeownership. You can do whatever you want with the place.
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Old 03-05-2007, 12:52 PM    (permalink
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that house looks like its in the ghetto
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Old 03-05-2007, 12:54 PM    (permalink
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Why do we have this thread? I wouldn't live in Mississippi if someone gave me 40,000 dollars a year in addition to my job.
oh come on...you act like mississippi has the highest rate of obesity, the lowest per capita income, the highest teen pregnancy rate, and the lowest literacy rate...


wait....
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