- This topic has 235 replies, 19 voices, and was last updated 14 years, 3 months ago by scaredyclassic.
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September 10, 2010 at 6:54 AM #604295September 10, 2010 at 7:26 AM #603249(former)FormerSanDieganParticipant
[quote=walterwhite] All sort of absurd as the house will be worth a third less in 2012[/quote]
In that context the 2% is irrelevant.
I personally think you are getting hung up unnecessarily. It is impossible to assess the value of a house to within 2%. This is noise. So, the point comes down to, do you like the house ? Does it suit your needs ? (We already know you can afford it).
Are you paying a premium above rent. If not, or if that premium is small enough who cares if it worth half what you paid for it in 30 years. You would essentially own it for the price of rent.2% is noise in the price of a home. Get over it.
September 10, 2010 at 7:26 AM #603338(former)FormerSanDieganParticipant[quote=walterwhite] All sort of absurd as the house will be worth a third less in 2012[/quote]
In that context the 2% is irrelevant.
I personally think you are getting hung up unnecessarily. It is impossible to assess the value of a house to within 2%. This is noise. So, the point comes down to, do you like the house ? Does it suit your needs ? (We already know you can afford it).
Are you paying a premium above rent. If not, or if that premium is small enough who cares if it worth half what you paid for it in 30 years. You would essentially own it for the price of rent.2% is noise in the price of a home. Get over it.
September 10, 2010 at 7:26 AM #603886(former)FormerSanDieganParticipant[quote=walterwhite] All sort of absurd as the house will be worth a third less in 2012[/quote]
In that context the 2% is irrelevant.
I personally think you are getting hung up unnecessarily. It is impossible to assess the value of a house to within 2%. This is noise. So, the point comes down to, do you like the house ? Does it suit your needs ? (We already know you can afford it).
Are you paying a premium above rent. If not, or if that premium is small enough who cares if it worth half what you paid for it in 30 years. You would essentially own it for the price of rent.2% is noise in the price of a home. Get over it.
September 10, 2010 at 7:26 AM #603993(former)FormerSanDieganParticipant[quote=walterwhite] All sort of absurd as the house will be worth a third less in 2012[/quote]
In that context the 2% is irrelevant.
I personally think you are getting hung up unnecessarily. It is impossible to assess the value of a house to within 2%. This is noise. So, the point comes down to, do you like the house ? Does it suit your needs ? (We already know you can afford it).
Are you paying a premium above rent. If not, or if that premium is small enough who cares if it worth half what you paid for it in 30 years. You would essentially own it for the price of rent.2% is noise in the price of a home. Get over it.
September 10, 2010 at 7:26 AM #604310(former)FormerSanDieganParticipant[quote=walterwhite] All sort of absurd as the house will be worth a third less in 2012[/quote]
In that context the 2% is irrelevant.
I personally think you are getting hung up unnecessarily. It is impossible to assess the value of a house to within 2%. This is noise. So, the point comes down to, do you like the house ? Does it suit your needs ? (We already know you can afford it).
Are you paying a premium above rent. If not, or if that premium is small enough who cares if it worth half what you paid for it in 30 years. You would essentially own it for the price of rent.2% is noise in the price of a home. Get over it.
September 10, 2010 at 10:21 AM #603359scaredyclassicParticipantyeah but 2% out of pocket closing costs is a lot.
September 10, 2010 at 10:21 AM #603447scaredyclassicParticipantyeah but 2% out of pocket closing costs is a lot.
September 10, 2010 at 10:21 AM #603996scaredyclassicParticipantyeah but 2% out of pocket closing costs is a lot.
September 10, 2010 at 10:21 AM #604103scaredyclassicParticipantyeah but 2% out of pocket closing costs is a lot.
September 10, 2010 at 10:21 AM #604420scaredyclassicParticipantyeah but 2% out of pocket closing costs is a lot.
September 10, 2010 at 11:31 AM #603364(former)FormerSanDieganParticipant[quote=walterwhite]yeah but 2% out of pocket closing costs is a lot.[/quote]
It’s actually the same amount, it’s just your perspective that is different. Whether one overpays by 12K or pays closing costs of 12 K, or loses 12K in vegas, it’s still 12K.
September 10, 2010 at 11:31 AM #603452(former)FormerSanDieganParticipant[quote=walterwhite]yeah but 2% out of pocket closing costs is a lot.[/quote]
It’s actually the same amount, it’s just your perspective that is different. Whether one overpays by 12K or pays closing costs of 12 K, or loses 12K in vegas, it’s still 12K.
September 10, 2010 at 11:31 AM #604001(former)FormerSanDieganParticipant[quote=walterwhite]yeah but 2% out of pocket closing costs is a lot.[/quote]
It’s actually the same amount, it’s just your perspective that is different. Whether one overpays by 12K or pays closing costs of 12 K, or loses 12K in vegas, it’s still 12K.
September 10, 2010 at 11:31 AM #604108(former)FormerSanDieganParticipant[quote=walterwhite]yeah but 2% out of pocket closing costs is a lot.[/quote]
It’s actually the same amount, it’s just your perspective that is different. Whether one overpays by 12K or pays closing costs of 12 K, or loses 12K in vegas, it’s still 12K.
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