Sound advice on distracting the wife when she wants to go look at the new home models “honey . . . these aren’t the droids you are looking for . . . move along.” Do you think it will work???? 🙂
One note to critics, I have never quoted some pundit like David Learah or what’s his bucket on money in the morning to support anything I have posited here. I have tried to throw objective facts (dollar decline, sales numbers, inventory numbers, actual sale prices of recent homes in area I am thinking of buying [4S]) at the Piggingtonians and see their take on it. It’s good thing to do. I have deliberately thrown some of the FACTUAL information that could indicate a firming just to see someone take the otherside and add balance to the difficult task of me interpreting the RE market. Isn’t that the essence of this blog’s purpose??? Sometimes the response I get here is reasoned, sound, and the product of critical thinking. Sometimes it is just as inane, baseless, and useless (such as “I gaurantee you a RE bloodbath is just around the corner”) as Learah and friend’s endless, ongoing, and shifting predictions of a bottom.
What has worked to date with the wife is “honey you could buy that house now and then in six months we can go out to the front drive way, dump $25,000 to $30,000 in $100 dollar bills, pour gas on it, and light it on fire. Or we can rent for six more months and keep the pile of cash. I then explain that buying in a declining market would be akin to burning the cash in terms of equity lost. So far she gets this . . . reluctantly. I can see where this is going already. Can you say premium upgraded appliances for the kitchen when we eventually buy a place??? I just hate to rent. Financially its the wisest move right now. Lifestyle wise I hate it and money is not everything.
