4s ranch builder price advice

[Anonymous]

asianautica, almost anything can be rationalized. If you buy a house at 2003 prices and it drops to 2000-2001 prices, you’re still going to lose money. You’ll be paying more money any way you slice it, with a comparable interest rate. An agent at one of the new developments has been bugging me for weeks, trying to get me to qualify for one of his stupid houses. What he always asks is “can you afford xxx payment?” Well, that’s like your argument, it’s not whether you can afford the payment, it’s the price of the house that’s important. The reason, obviously is whatever that payment is (affordable or not) when the price goes lower, that payment goes lower.

Gullible people buy based on that rationalization. It’s like the sleazy car salesmen: “Can you afford xxx payment?” It’s not the payment. You want to get the best deal and the best deal is the overall price. Sure, individual situations have to be taken into account, I’m talking about those who plan on staying in their home for long term with a fixed rate mortgage.

It’s always best to get the lowest price. Not to mention, you’ll pay less on property taxes.

P.S. I softened that to “gullible”.

[an]

Where did I even mentioned about being able to afford x payment? Please read Rich’s primer and come back here once you understand his point about fundamental and why we called this a bubble. I’m talking about fundamental, not being able to afford x payment. Can you be 100% sure rate won’t go up if price drop to 00-01 price? I can’t, that’s why I stick to fundamental. Wishful thinking on the way down is no different than wishful thinking on the way up. Enjoy your wishful thinking, I’ll stick to my fundamental, thanks. We can very well see 1985 price too if rates goes high enough.

[an]

Where did I even mentioned about being able to afford x payment? Please read Rich’s primer and come back here once you understand his point about fundamental and why we called this a bubble. I’m talking about fundamental, not being able to afford x payment. Can you be 100% sure rate won’t go up if price drop to 00-01 price? I can’t, that’s why I stick to fundamental. Wishful thinking on the way down is no different than wishful thinking on the way up. Enjoy your wishful thinking, I’ll stick to my fundamental, thanks. We can very well see 1985 price too if rates goes high enough.

[an]

Where did I even mentioned about being able to afford x payment? Please read Rich’s primer and come back here once you understand his point about fundamental and why we called this a bubble. I’m talking about fundamental, not being able to afford x payment. Can you be 100% sure rate won’t go up if price drop to 00-01 price? I can’t, that’s why I stick to fundamental. Wishful thinking on the way down is no different than wishful thinking on the way up. Enjoy your wishful thinking, I’ll stick to my fundamental, thanks. We can very well see 1985 price too if rates goes high enough.

[an]

Where did I even mentioned about being able to afford x payment? Please read Rich’s primer and come back here once you understand his point about fundamental and why we called this a bubble. I’m talking about fundamental, not being able to afford x payment. Can you be 100% sure rate won’t go up if price drop to 00-01 price? I can’t, that’s why I stick to fundamental. Wishful thinking on the way down is no different than wishful thinking on the way up. Enjoy your wishful thinking, I’ll stick to my fundamental, thanks. We can very well see 1985 price too if rates goes high enough.

[an]

Where did I even mentioned about being able to afford x payment? Please read Rich’s primer and come back here once you understand his point about fundamental and why we called this a bubble. I’m talking about fundamental, not being able to afford x payment. Can you be 100% sure rate won’t go up if price drop to 00-01 price? I can’t, that’s why I stick to fundamental. Wishful thinking on the way down is no different than wishful thinking on the way up. Enjoy your wishful thinking, I’ll stick to my fundamental, thanks. We can very well see 1985 price too if rates goes high enough.

[drunkle]

asian:

job stability. would you buy a house, put money down on a house when you could lose it if you lost your job and had to sell in a down market?

the dot com bubble. 2001 prices were driven by dot jobs, after which, were gone. the rate cuts were to mitigate that recession, reinflating real estate onwards and upwards past 2003.

now i wonder… will the current rate cuts reinflate this bubble yet again?

[drunkle]

asian:

job stability. would you buy a house, put money down on a house when you could lose it if you lost your job and had to sell in a down market?

the dot com bubble. 2001 prices were driven by dot jobs, after which, were gone. the rate cuts were to mitigate that recession, reinflating real estate onwards and upwards past 2003.

now i wonder… will the current rate cuts reinflate this bubble yet again?

[drunkle]

asian:

job stability. would you buy a house, put money down on a house when you could lose it if you lost your job and had to sell in a down market?

the dot com bubble. 2001 prices were driven by dot jobs, after which, were gone. the rate cuts were to mitigate that recession, reinflating real estate onwards and upwards past 2003.

now i wonder… will the current rate cuts reinflate this bubble yet again?

[drunkle]

asian:

job stability. would you buy a house, put money down on a house when you could lose it if you lost your job and had to sell in a down market?

the dot com bubble. 2001 prices were driven by dot jobs, after which, were gone. the rate cuts were to mitigate that recession, reinflating real estate onwards and upwards past 2003.

now i wonder… will the current rate cuts reinflate this bubble yet again?

[drunkle]

asian:

job stability. would you buy a house, put money down on a house when you could lose it if you lost your job and had to sell in a down market?

the dot com bubble. 2001 prices were driven by dot jobs, after which, were gone. the rate cuts were to mitigate that recession, reinflating real estate onwards and upwards past 2003.

now i wonder… will the current rate cuts reinflate this bubble yet again?

[newcomer]

esmith, when you quotoed the jumbo fixed 30-year mortgage @ 5.125% , who will pay you the points???

[newcomer]

esmith, when you quotoed the jumbo fixed 30-year mortgage @ 5.125% , who will pay you the points???

[newcomer]

esmith, when you quotoed the jumbo fixed 30-year mortgage @ 5.125% , who will pay you the points???

[newcomer]

esmith, when you quotoed the jumbo fixed 30-year mortgage @ 5.125% , who will pay you the points???

[Author]

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