2009 Conforming Loan Limits Jump

[sdrealtor]

Thats up to you but if you could get it at 350K w/ 20% down your loan is 280K. At todays rates thats about $1400 per month add your 350/month and you are at rental value without factoring in tax benefit.

If you were truly interested in buying it as a long term home that is how you would purchase it not as an FHA buyer as you have the means to (at least I think you do). In that case, it could make sense at 350K or higher when you consider tax benefits. Plus the gubment gonna give you $8K this year which would cover all your closing costs.

Of course, if it is more of an investment decision the cash flow would be more than offset by the expectation of lower prices to come.

Keep waiting or get on with living. Thats your choice. I’m stuck thinking about all this nonsense all day. Someday I hope you dont have to anymore.

[jpinpb]

[quote=sdrealtor]
Keep waiting or get on with living. [/quote]

Is that insinuating that all of us waiting for this mess to finish unraveling are not living just b/c we rent? {hands on hips – fire from eyes}

Do I really want to tie up 20% (70k), when in a years time there is real potential for it to be reduced 20%?

Though I would not buy for investment (buy to live there for a while), financially, it still doesn’t sound like a good investment of my money.

8k is not an incentive when there’s a good chance the place could drop in value 50-100k in a year.

[jpinpb]

[quote=sdrealtor]
Keep waiting or get on with living. [/quote]

Is that insinuating that all of us waiting for this mess to finish unraveling are not living just b/c we rent? {hands on hips – fire from eyes}

Do I really want to tie up 20% (70k), when in a years time there is real potential for it to be reduced 20%?

Though I would not buy for investment (buy to live there for a while), financially, it still doesn’t sound like a good investment of my money.

8k is not an incentive when there’s a good chance the place could drop in value 50-100k in a year.

[jpinpb]

[quote=sdrealtor]
Keep waiting or get on with living. [/quote]

Is that insinuating that all of us waiting for this mess to finish unraveling are not living just b/c we rent? {hands on hips – fire from eyes}

Do I really want to tie up 20% (70k), when in a years time there is real potential for it to be reduced 20%?

Though I would not buy for investment (buy to live there for a while), financially, it still doesn’t sound like a good investment of my money.

8k is not an incentive when there’s a good chance the place could drop in value 50-100k in a year.

[jpinpb]

[quote=sdrealtor]
Keep waiting or get on with living. [/quote]

Is that insinuating that all of us waiting for this mess to finish unraveling are not living just b/c we rent? {hands on hips – fire from eyes}

Do I really want to tie up 20% (70k), when in a years time there is real potential for it to be reduced 20%?

Though I would not buy for investment (buy to live there for a while), financially, it still doesn’t sound like a good investment of my money.

8k is not an incentive when there’s a good chance the place could drop in value 50-100k in a year.

[jpinpb]

[quote=sdrealtor]
Keep waiting or get on with living. [/quote]

Is that insinuating that all of us waiting for this mess to finish unraveling are not living just b/c we rent? {hands on hips – fire from eyes}

Do I really want to tie up 20% (70k), when in a years time there is real potential for it to be reduced 20%?

Though I would not buy for investment (buy to live there for a while), financially, it still doesn’t sound like a good investment of my money.

8k is not an incentive when there’s a good chance the place could drop in value 50-100k in a year.

[macromaniac]

JP,

Remember SD is posting with self interest. This is how he earns his living and little pokes like this are used to try to create second guessing yourself so he can go show you a house to buy that will be 30% lower next year…..

You will know when we have hit a bottom as it will level out for a few years just like the mid 90’s. Don’t let people pull psychological sales moves on you……buy when it is cheaper….hold tight……

[macromaniac]

JP,

Remember SD is posting with self interest. This is how he earns his living and little pokes like this are used to try to create second guessing yourself so he can go show you a house to buy that will be 30% lower next year…..

You will know when we have hit a bottom as it will level out for a few years just like the mid 90’s. Don’t let people pull psychological sales moves on you……buy when it is cheaper….hold tight……

[macromaniac]

JP,

Remember SD is posting with self interest. This is how he earns his living and little pokes like this are used to try to create second guessing yourself so he can go show you a house to buy that will be 30% lower next year…..

You will know when we have hit a bottom as it will level out for a few years just like the mid 90’s. Don’t let people pull psychological sales moves on you……buy when it is cheaper….hold tight……

[macromaniac]

JP,

Remember SD is posting with self interest. This is how he earns his living and little pokes like this are used to try to create second guessing yourself so he can go show you a house to buy that will be 30% lower next year…..

You will know when we have hit a bottom as it will level out for a few years just like the mid 90’s. Don’t let people pull psychological sales moves on you……buy when it is cheaper….hold tight……

[macromaniac]

JP,

Remember SD is posting with self interest. This is how he earns his living and little pokes like this are used to try to create second guessing yourself so he can go show you a house to buy that will be 30% lower next year…..

You will know when we have hit a bottom as it will level out for a few years just like the mid 90’s. Don’t let people pull psychological sales moves on you……buy when it is cheaper….hold tight……

[peterb]

We’re only one year into the biggest credit implosion in history. Derivatives are built on complete fiction and amount to over $100T. This bomb has yet to hit. Unemployment is about to really take off.
Waiting right now is probably the best financial option for anyone holding cash. If ,”…get on with living.” , means keeping one’s money and watching the market tank while renting, then bring on the life!!!

[peterb]

We’re only one year into the biggest credit implosion in history. Derivatives are built on complete fiction and amount to over $100T. This bomb has yet to hit. Unemployment is about to really take off.
Waiting right now is probably the best financial option for anyone holding cash. If ,”…get on with living.” , means keeping one’s money and watching the market tank while renting, then bring on the life!!!

[peterb]

We’re only one year into the biggest credit implosion in history. Derivatives are built on complete fiction and amount to over $100T. This bomb has yet to hit. Unemployment is about to really take off.
Waiting right now is probably the best financial option for anyone holding cash. If ,”…get on with living.” , means keeping one’s money and watching the market tank while renting, then bring on the life!!!

[peterb]

We’re only one year into the biggest credit implosion in history. Derivatives are built on complete fiction and amount to over $100T. This bomb has yet to hit. Unemployment is about to really take off.
Waiting right now is probably the best financial option for anyone holding cash. If ,”…get on with living.” , means keeping one’s money and watching the market tank while renting, then bring on the life!!!

[Author]

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