[quote=AN][quote=deadzone][quote=AN]I’m not defensive about my purchase at all. If you read my posts in 2008, I stated I was expecting that i’ll probably lose another 20%. What bothers me is your broad generalization statement. If you consider giving an oposing view as whining then I’m guilty as charged. But that also mean everyone on here are whining.
BTW, if you’re right and and we’ll see a 20% hair cut across the board, then i’ll be one happy camper, since I can buy investment properties near home instead of having to look for them out of town.[/quote]
If you bought in 08, how much have are you down right now?[/quote]
I’ m up between 0-3% based on recent comps. My monthly piti over the last 3 years have been ~$100 less than comparable rents. My house came with all dual pane vinyl Windows, so its a little more efficient than 30 years old windows.[/quote]
Are you taking into account your down payment when you compare piti to rent? For me, this is a huge factor that people don’t consider – the lost investment potential of their down payment. I have a hard time putting a large chunk of my eggs (20% down) in this one residential property investment.
