There was fairly decent comment made on one of the threads that “I done’t have to be right over the next 10 years I jsut need to be right over the next 30 days.” Maybe time is what WTB’s wife need to realize the potential value of waiting.
On the other hand maybe this is a working couple, tons of cash and the time, effort and mental energy of looking at real estate is costing them a ton of money in the opportunity sost of their time.
Spending 8 hours on Saturday and Sunday for 2 working professionals 4 weekends a month at $100 and hour is costing them $3200 a weekend plus time spent thinking and researching real estate during the week. Are people on this board really trying to say that there is no value to time.
Asian Nautica is dead on. If you are holding for a long period of time what does it matter. Maybe they buy high on the house but have additioanl cash to buy other real estate on the cheap later. The net effect is no different than dollar cost averaging. From what I read of the borrowers they can afford the home( ie they ahve some scrath and cash flow0 This usually means that folks probably can act as a guarantor if somethig goes wrong.
My only advice is that you might want to make sure that your life and disability policies are well taylored so that in the case of soemthing unforseen you are well covered.
