will i buy

cosmicdolphin · Joined: 15 Jun 2007 Posts: 453

hi all

i am very skeptical here. I was surfing the net and found this piece of land 10 min away from the ocean hidden in the mountains. My bf and I were looking and contacted the realtor. It seems a steal. We are going to see it early today. The bank slashed its price 50% to make things more interesting and into my disadvantage, banks do not loan out money to developers at all! Incredibly difficult to get a loan on land but once it is in your hands, bank will loan out the money to build a house. So after talking to a bankers and my bf, I decided to ask.

http://farm3.static.flickr.com/2605/4082613972_0d422615e3_o.jpg

Lord of 1st and 7th do not hook up
the price of the land is 10th house - it is exalted Saturn, so it will be expensive and the price is firm because of strong reception between sun/mars. it looks bleak. The land looks pretty good - Altair on MC. Bank does want to get rid of it because sun is in their 12th house - burden
Mars is antiscia to the Asce and moon does trine Sun which rules 4th. Merc is entering the bank also merc and jupiter are squaring. Lots of hassles. I am not enterly sure what to do with Venus/Saturn sextile. Venus and Saturn are MR - good BUT Venus about to change signs to Scorpio. I wonder if it is towards my advantage.
Mercury is conj Zubeni Elgenubi and peregrine - yeah i cannot afford it right now.
Eventually Moon will trine Merc ruler of my 2nd. Due to weak malefic square between merc/jupiter, i'd say Dont take it.

Not sure what else to look at

Thanks
CD

Kirk · Joined: 08 Jul 2004 Posts: 1199

The question asked is so important, and this is certainly an odd one. Yes indeed, will you buy the property? Don't you think the best question may be more like should you buy it? But you asked if you will, so I suppose that's the answer you will get. I'm not sure many of us would have taken this approach. Confused

cosmicdolphin · Joined: 15 Jun 2007 Posts: 453

Kirk

I did think of SHOULD but i do have my hesitations ie the bank can say No and sell it to someone else or the other buyer can walk in and steal it under my nose literally. Everything is up for grabs these days. Should part will be very likely answered in a few hours since we are heading over there to survey the area. If it has no electricity, no water hookup, basically a boony land, then forget it! I am not spending half a mil which i dont have to develop 1 house. If i had that kind of money, I would just buy the whole street up north of this place.

cheers
CD

PFN · Joined: 28 Dec 2008 Posts: 277 Location: Ouro Preto, Brasil

I always favor will rather than should...

After all, I'm trying to predict an event, not a decision...

Kirk · Joined: 08 Jul 2004 Posts: 1199

Then something like “Will I be able to buy?” is more accurate, and more helpful when put out for group discussion. “Will I buy?” sounds like a challenge for the horary chart to correctly guess what action you are going to take.

Olivia · Joined: 15 Oct 2008 Posts: 642

Being able to buy something doesn't mean you'll buy it. If the sole concern is money then 'can I afford it?', is an appropriate question. Most of the time I prefer not to see a 'should' in horary, either. You never know what the 'should' means - money, the neighbours, we're moving out of the country, is the land in bad condition, etc. etc.

If all you have is a should to go on, you can get stuck pretty easily.

cosmicdolphin · Joined: 15 Jun 2007 Posts: 453

okie

i got an answer on this one

Yes I can buy it.. problem is it is not worth it. The land is fine by its price however, the city (10th house) requires a buyer to build a house materials and labor more than $700,000. If i build the house I want, it will drive everyone else's houses in the area even if i do not intend to sell. I just wanted to build a house and live in it with no intend to sell for the next 10 years or so... So by the end of the day, this house might run up to 1-2 million dollars just to build and this is very low estimate. The bank even agreed to go with 20% downpayment which is unheard of these times but the builder/developer/owner must build a mansion on the lot, which is Not what am trying to build. It is not only the money issue but I want little to nothing to do with living in a huge house all by myself. There is no way around it. We were even talking about splitting a lot into 2 but the banker is not keen on this at all! To make things even worse, the land in that area is collapsing due to rains that came down last year from the fires of 2006. There are houses on that street are for sale because of this issue.
so combusted merc was there for a reason and mr between the bank and the land make a lot of sense.

Olivia, I know what you are saying. I am not looking for a land just to buy, i am looking to buy land and build a house that is why i was going against the Can I afford to buy? There is a lot today i saw for 15,000. I pay downpayment and be done with it .. same problem it will take just half a mil to build support platform to fit the house hanging over the cliff. No way!

Cheers
CD

Kirk · Joined: 08 Jul 2004 Posts: 1199

Kirk · Joined: 08 Jul 2004 Posts: 1199

OK, NOW I get it! (I'm a little slow today.) It's two questions rolled into one: Should I buy it? and Will I be able to buy it?

cosmicdolphin · Joined: 15 Jun 2007 Posts: 453

Kirk

this chart is 100% valid I asked this question last night, we had a meeting with a realtor at 6 pm. my reasoning for this is I had all my paperwork, deposit, bank statements ready to go and strike a deal.
Before we went, we wrote down of all questions to ask, what we were looking for in the place ie phone pole, electricity pole, water, sewage.
We sketched 3 plans for this lot: the most favorite/preferred - build the house and live on it ... 2 - buy land do nothing and wait until my bf's development company picks up so we can build the house for profit ... 3 - buy the land and build a driveway. Either way there is a profit. The bank wants to get rid of this land ASAP.
See, any land you buy in california sooner or later pays off, of course, of course there are lands in california that the city prohibits you from building anything on it. I still can buy this land, put a driveway and sell it for up to 750k in 2 years cause this land will get automatic value because it has access to the lot. So there is an advantage there. ANyho, Mercury was one key planet in this. It is combusted. It would be an advantage and profit for the long run not immidiate because I would be asking the bank to loan me a huge chunk of money to buid a house but a million dollar mansion on this spot is out of the question. I was never crazy about them to begin with. I rather live in unique small house and not a house that you need a road map at its entrance.

Cheers
CD