Menu

Home › Forums › Housing › 4S Ranch homes – Good time to buy?

Viewing 15 posts - 46 through 60 (of 111 total)
1 2 3 4 5 6 7 8
  • Author
    Posts
  • May 20, 2009 at 10:51 AM #403708
    sdduuuude
    Participant

    [quote=4sranch_buyer]… I pay rent of $2000 per month, waiting another year is like spending $24000 on rental which can offset up to 5% fall in the prices.[/quote]

    Not quite the right way to think about it. You’ll pay interest on the loan (reduced due to tax deduction), and you will lose interest on your down payment, and you will have maintenance costs, and you will probably do some remodelling, relandscaping. Make sure you calc it right.

    Tough decision. I’d wait at least until the Spring season is over to find a friendlier buying environment. If you wait 2 years, you won’t be disappointed price-wise, but you may go crazy wishing you had your own place.

    May 20, 2009 at 11:47 AM #403066
    5yearwaiter
    Participant

    I believe when you paying rent in a good locations (4s,CV and other such locations) up to $2200, you are not losing nor doing any mistake at this kind of puzzle time. I do believe there is no spike in housing occurs at least another 6 -7 years. The only worry at this time is our Fed intervention is turning as “skid” or “crash”. If it is Skid then we are slowly in the path of recovery though small up and downs and we can start investing in housing especially at 4s and CV areas. If that is crash …. whatever you feel a double bottom and double dip – I feel then we are in good shape whoever didn’t buy so far. Above all the scary part is job loss…

    May 20, 2009 at 11:47 AM #403318
    5yearwaiter
    Participant

    I believe when you paying rent in a good locations (4s,CV and other such locations) up to $2200, you are not losing nor doing any mistake at this kind of puzzle time. I do believe there is no spike in housing occurs at least another 6 -7 years. The only worry at this time is our Fed intervention is turning as “skid” or “crash”. If it is Skid then we are slowly in the path of recovery though small up and downs and we can start investing in housing especially at 4s and CV areas. If that is crash …. whatever you feel a double bottom and double dip – I feel then we are in good shape whoever didn’t buy so far. Above all the scary part is job loss…

    May 20, 2009 at 11:47 AM #403554
    5yearwaiter
    Participant

    I believe when you paying rent in a good locations (4s,CV and other such locations) up to $2200, you are not losing nor doing any mistake at this kind of puzzle time. I do believe there is no spike in housing occurs at least another 6 -7 years. The only worry at this time is our Fed intervention is turning as “skid” or “crash”. If it is Skid then we are slowly in the path of recovery though small up and downs and we can start investing in housing especially at 4s and CV areas. If that is crash …. whatever you feel a double bottom and double dip – I feel then we are in good shape whoever didn’t buy so far. Above all the scary part is job loss…

    May 20, 2009 at 11:47 AM #403615
    5yearwaiter
    Participant

    I believe when you paying rent in a good locations (4s,CV and other such locations) up to $2200, you are not losing nor doing any mistake at this kind of puzzle time. I do believe there is no spike in housing occurs at least another 6 -7 years. The only worry at this time is our Fed intervention is turning as “skid” or “crash”. If it is Skid then we are slowly in the path of recovery though small up and downs and we can start investing in housing especially at 4s and CV areas. If that is crash …. whatever you feel a double bottom and double dip – I feel then we are in good shape whoever didn’t buy so far. Above all the scary part is job loss…

    May 20, 2009 at 11:47 AM #403764
    5yearwaiter
    Participant

    I believe when you paying rent in a good locations (4s,CV and other such locations) up to $2200, you are not losing nor doing any mistake at this kind of puzzle time. I do believe there is no spike in housing occurs at least another 6 -7 years. The only worry at this time is our Fed intervention is turning as “skid” or “crash”. If it is Skid then we are slowly in the path of recovery though small up and downs and we can start investing in housing especially at 4s and CV areas. If that is crash …. whatever you feel a double bottom and double dip – I feel then we are in good shape whoever didn’t buy so far. Above all the scary part is job loss…

    May 20, 2009 at 4:08 PM #403217
    Sandiagon
    Participant

    Are you buying as investment property? Then wait for a year or more. If you are buying as primary home and you like the house and you can afford the payments (35% of your income), then you can buy. Why do you worry about falling prices? If prices falls 20% or appreciates 20%, still you live in the house and pay same mortgage. Buying primary home is not like buying and selling stocks.

    May 20, 2009 at 4:08 PM #403470
    Sandiagon
    Participant

    Are you buying as investment property? Then wait for a year or more. If you are buying as primary home and you like the house and you can afford the payments (35% of your income), then you can buy. Why do you worry about falling prices? If prices falls 20% or appreciates 20%, still you live in the house and pay same mortgage. Buying primary home is not like buying and selling stocks.

    May 20, 2009 at 4:08 PM #403707
    Sandiagon
    Participant

    Are you buying as investment property? Then wait for a year or more. If you are buying as primary home and you like the house and you can afford the payments (35% of your income), then you can buy. Why do you worry about falling prices? If prices falls 20% or appreciates 20%, still you live in the house and pay same mortgage. Buying primary home is not like buying and selling stocks.

    May 20, 2009 at 4:08 PM #403765
    Sandiagon
    Participant

    Are you buying as investment property? Then wait for a year or more. If you are buying as primary home and you like the house and you can afford the payments (35% of your income), then you can buy. Why do you worry about falling prices? If prices falls 20% or appreciates 20%, still you live in the house and pay same mortgage. Buying primary home is not like buying and selling stocks.

    May 20, 2009 at 4:08 PM #403915
    Sandiagon
    Participant

    Are you buying as investment property? Then wait for a year or more. If you are buying as primary home and you like the house and you can afford the payments (35% of your income), then you can buy. Why do you worry about falling prices? If prices falls 20% or appreciates 20%, still you live in the house and pay same mortgage. Buying primary home is not like buying and selling stocks.

    May 20, 2009 at 4:39 PM #403257
    LAAFTERHOURS
    Participant

    Where is the property – what subdivision? Im asking only to give input on the subdivision – Im sure a few of the piggs live amongst 4s and could give you some good feedback. Im guessing its on the north side of Camino based on the higher MR+HOA.

    Garden walk? Largest Model? If I am right, those have been going for about 500K and the duplicate of those Garden Gate on the other side are going for about 20K more. I think you should go after a sub 500k offer to offset the potential drops in % and dont be mad if you dont get it bc more are due to come online on that side of Camino.

    May 20, 2009 at 4:39 PM #403510
    LAAFTERHOURS
    Participant

    Where is the property – what subdivision? Im asking only to give input on the subdivision – Im sure a few of the piggs live amongst 4s and could give you some good feedback. Im guessing its on the north side of Camino based on the higher MR+HOA.

    Garden walk? Largest Model? If I am right, those have been going for about 500K and the duplicate of those Garden Gate on the other side are going for about 20K more. I think you should go after a sub 500k offer to offset the potential drops in % and dont be mad if you dont get it bc more are due to come online on that side of Camino.

    May 20, 2009 at 4:39 PM #403747
    LAAFTERHOURS
    Participant

    Where is the property – what subdivision? Im asking only to give input on the subdivision – Im sure a few of the piggs live amongst 4s and could give you some good feedback. Im guessing its on the north side of Camino based on the higher MR+HOA.

    Garden walk? Largest Model? If I am right, those have been going for about 500K and the duplicate of those Garden Gate on the other side are going for about 20K more. I think you should go after a sub 500k offer to offset the potential drops in % and dont be mad if you dont get it bc more are due to come online on that side of Camino.

    May 20, 2009 at 4:39 PM #403807
    LAAFTERHOURS
    Participant

    Where is the property – what subdivision? Im asking only to give input on the subdivision – Im sure a few of the piggs live amongst 4s and could give you some good feedback. Im guessing its on the north side of Camino based on the higher MR+HOA.

    Garden walk? Largest Model? If I am right, those have been going for about 500K and the duplicate of those Garden Gate on the other side are going for about 20K more. I think you should go after a sub 500k offer to offset the potential drops in % and dont be mad if you dont get it bc more are due to come online on that side of Camino.

  • Author
    Posts
Viewing 15 posts - 46 through 60 (of 111 total)
1 2 3 4 5 6 7 8
  • You must be logged in to reply to this topic.