[quote=AN]Of course you’d be less happy, I would be too. Did you say you think we might be at the peak of a mini bubble? If you do believe that, then why don’t you think this house could drop another 20%? What make this house so special? Did you think price in NCC still is wacky last August? I’m not trying to give you grief about buying, I’m just regurgitating what you say back to you. Maybe you were less emotionally involved back then, which mean you were thinking more like yourself back then. As someone who’s standing on the outside, I don’t think the market gotten less wacky, if anything, it gotten more wacky.
Because of this wackiness and you’re buying with a HUGE down payment, wouldn’t it be wise to wait it out, if it does drop 20% and you’d have 1 extra year to save, you might be able to pay for the house in cash. Wouldn’t you get the best deal w/ an all cash offer?
BTW, you don’t give people grief about their long-termedness, you give me grief when I talk about my my long term plans. Just like to point out the difference. I won’t return the grief back to you, since I don’t know you or your plans, I would have to take your word for it.[/quote]As I said, I think it’s still whacky, I’ve just been looking for less whacky.
As far as being able to make a larger down payment is concerned (and not to gloat), I think it affords me the opportunity to be less cautious with my purchase decision. In contrast, the less you put down, the *more* every single dollar of that is at risk. Sure, I could be in an even better position if prices go down, but I won’t be out my whole down payment.
I give you grief because you’re a first-time home buyer and you think you’re keeping this house forever. You could, but it’s a less common scenario. And, even then, I’d say hey, maybe he means it, but I’ve also always sensed that you already have that move-up buy in the back of your head. Maybe you eliminated it (or never had it in the first place), but can’t say I’ve picked up on that.
