- This topic has 75 replies, 9 voices, and was last updated 18 years ago by
(former)FormerSanDiegan.
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November 30, 2007 at 12:54 PM #105773November 30, 2007 at 1:05 PM #105648
gn
ParticipantEven though it is approaching rental numbers, don't you guys think that this area could depreciate more?
Yes. And the reasons are:
1. In a correction, prices always over-correct.
2. At some point in the future, when prices are low enough, investors will scoop up these properties & put them on the market for rent, thus, increasing the rental supply & result in lower rents. So, the "floor" (i.e. rents) is not static, it can move down.
And of course, there is the possibility of a recession.
November 30, 2007 at 1:05 PM #105739ParticipantEven though it is approaching rental numbers, don't you guys think that this area could depreciate more?
Yes. And the reasons are:
1. In a correction, prices always over-correct.
2. At some point in the future, when prices are low enough, investors will scoop up these properties & put them on the market for rent, thus, increasing the rental supply & result in lower rents. So, the "floor" (i.e. rents) is not static, it can move down.
And of course, there is the possibility of a recession.
November 30, 2007 at 1:05 PM #105774ParticipantEven though it is approaching rental numbers, don't you guys think that this area could depreciate more?
Yes. And the reasons are:
1. In a correction, prices always over-correct.
2. At some point in the future, when prices are low enough, investors will scoop up these properties & put them on the market for rent, thus, increasing the rental supply & result in lower rents. So, the "floor" (i.e. rents) is not static, it can move down.
And of course, there is the possibility of a recession.
November 30, 2007 at 1:05 PM #105782ParticipantEven though it is approaching rental numbers, don't you guys think that this area could depreciate more?
Yes. And the reasons are:
1. In a correction, prices always over-correct.
2. At some point in the future, when prices are low enough, investors will scoop up these properties & put them on the market for rent, thus, increasing the rental supply & result in lower rents. So, the "floor" (i.e. rents) is not static, it can move down.
And of course, there is the possibility of a recession.
November 30, 2007 at 1:05 PM #105800ParticipantEven though it is approaching rental numbers, don't you guys think that this area could depreciate more?
Yes. And the reasons are:
1. In a correction, prices always over-correct.
2. At some point in the future, when prices are low enough, investors will scoop up these properties & put them on the market for rent, thus, increasing the rental supply & result in lower rents. So, the "floor" (i.e. rents) is not static, it can move down.
And of course, there is the possibility of a recession.
November 30, 2007 at 1:06 PM #105653pepsi
ParticipantIf you account for tax deduction, then you also have to consider the Standard deduction (for couples,it is $10700) you lost by itemize.
The tax deduction usually goes away after 20 years (for 30 year loan) or 10 years for 15 year loan, because the standard deduction is adjusted (up) for inflation.
November 30, 2007 at 1:06 PM #105744ParticipantIf you account for tax deduction, then you also have to consider the Standard deduction (for couples,it is $10700) you lost by itemize.
The tax deduction usually goes away after 20 years (for 30 year loan) or 10 years for 15 year loan, because the standard deduction is adjusted (up) for inflation.
November 30, 2007 at 1:06 PM #105779ParticipantIf you account for tax deduction, then you also have to consider the Standard deduction (for couples,it is $10700) you lost by itemize.
The tax deduction usually goes away after 20 years (for 30 year loan) or 10 years for 15 year loan, because the standard deduction is adjusted (up) for inflation.
November 30, 2007 at 1:06 PM #105787ParticipantIf you account for tax deduction, then you also have to consider the Standard deduction (for couples,it is $10700) you lost by itemize.
The tax deduction usually goes away after 20 years (for 30 year loan) or 10 years for 15 year loan, because the standard deduction is adjusted (up) for inflation.
November 30, 2007 at 1:06 PM #105805ParticipantIf you account for tax deduction, then you also have to consider the Standard deduction (for couples,it is $10700) you lost by itemize.
The tax deduction usually goes away after 20 years (for 30 year loan) or 10 years for 15 year loan, because the standard deduction is adjusted (up) for inflation.
November 30, 2007 at 1:12 PM #105658patientlywaiting
ParticipantYou guys are funny looking at houses in this market.
You sound like kids looking for a sale to maximize your toy purchase from your allowance piggybank.
Don’t get too emotionally invested in owning a house. It’s not the end-all-be-all that you think. You’ll make mistakes if you’re on the fence waiting to jump.
Take the long view. Wait for the market to cleanse itself before you even consider buying.
November 30, 2007 at 1:12 PM #105749ParticipantYou guys are funny looking at houses in this market.
You sound like kids looking for a sale to maximize your toy purchase from your allowance piggybank.
Don’t get too emotionally invested in owning a house. It’s not the end-all-be-all that you think. You’ll make mistakes if you’re on the fence waiting to jump.
Take the long view. Wait for the market to cleanse itself before you even consider buying.
November 30, 2007 at 1:12 PM #105784ParticipantYou guys are funny looking at houses in this market.
You sound like kids looking for a sale to maximize your toy purchase from your allowance piggybank.
Don’t get too emotionally invested in owning a house. It’s not the end-all-be-all that you think. You’ll make mistakes if you’re on the fence waiting to jump.
Take the long view. Wait for the market to cleanse itself before you even consider buying.
November 30, 2007 at 1:12 PM #105792ParticipantYou guys are funny looking at houses in this market.
You sound like kids looking for a sale to maximize your toy purchase from your allowance piggybank.
Don’t get too emotionally invested in owning a house. It’s not the end-all-be-all that you think. You’ll make mistakes if you’re on the fence waiting to jump.
Take the long view. Wait for the market to cleanse itself before you even consider buying.
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