- This topic has 320 replies, 33 voices, and was last updated 15 years, 8 months ago by
SD Realtor.
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March 2, 2009 at 1:29 PM #359170March 2, 2009 at 1:42 PM #358599
jficquette
ParticipantIf you buy now and the bonds implode your house will be worth a lot less since with 10-12% mortgage rates a lot fewer people will qualify.
I think you buy houses when rates are high and prices are cheap and sell them when rates are low and prices are high.
If you buy now your buying low rates and high prices.
Stock market is back to 1997. No reason housing shouldn’t follow.
John
March 2, 2009 at 1:42 PM #358901ParticipantIf you buy now and the bonds implode your house will be worth a lot less since with 10-12% mortgage rates a lot fewer people will qualify.
I think you buy houses when rates are high and prices are cheap and sell them when rates are low and prices are high.
If you buy now your buying low rates and high prices.
Stock market is back to 1997. No reason housing shouldn’t follow.
John
March 2, 2009 at 1:42 PM #359041ParticipantIf you buy now and the bonds implode your house will be worth a lot less since with 10-12% mortgage rates a lot fewer people will qualify.
I think you buy houses when rates are high and prices are cheap and sell them when rates are low and prices are high.
If you buy now your buying low rates and high prices.
Stock market is back to 1997. No reason housing shouldn’t follow.
John
March 2, 2009 at 1:42 PM #359077ParticipantIf you buy now and the bonds implode your house will be worth a lot less since with 10-12% mortgage rates a lot fewer people will qualify.
I think you buy houses when rates are high and prices are cheap and sell them when rates are low and prices are high.
If you buy now your buying low rates and high prices.
Stock market is back to 1997. No reason housing shouldn’t follow.
John
March 2, 2009 at 1:42 PM #359180ParticipantIf you buy now and the bonds implode your house will be worth a lot less since with 10-12% mortgage rates a lot fewer people will qualify.
I think you buy houses when rates are high and prices are cheap and sell them when rates are low and prices are high.
If you buy now your buying low rates and high prices.
Stock market is back to 1997. No reason housing shouldn’t follow.
John
March 2, 2009 at 1:47 PM #358609pepsi
Participant[quote=SD Realtor]”Yes, the dollar will worth less when high inflation comes, and double digit rate couldn’t stop the home price increase (as they hadn’t in 70s).”
Except that they absolutely did hurt the housing market in the early 80’s.
**********
Again, you conveniently made no mention as to the effect on the new home that Ox wants to build from scratch.
That’s okay, we can agree to disagree.
[/quote]huh ? I thought he is selling his “built” house for 929K ?
March 2, 2009 at 1:47 PM #358911Participant[quote=SD Realtor]”Yes, the dollar will worth less when high inflation comes, and double digit rate couldn’t stop the home price increase (as they hadn’t in 70s).”
Except that they absolutely did hurt the housing market in the early 80’s.
**********
Again, you conveniently made no mention as to the effect on the new home that Ox wants to build from scratch.
That’s okay, we can agree to disagree.
[/quote]huh ? I thought he is selling his “built” house for 929K ?
March 2, 2009 at 1:47 PM #359051Participant[quote=SD Realtor]”Yes, the dollar will worth less when high inflation comes, and double digit rate couldn’t stop the home price increase (as they hadn’t in 70s).”
Except that they absolutely did hurt the housing market in the early 80’s.
**********
Again, you conveniently made no mention as to the effect on the new home that Ox wants to build from scratch.
That’s okay, we can agree to disagree.
[/quote]huh ? I thought he is selling his “built” house for 929K ?
March 2, 2009 at 1:47 PM #359087Participant[quote=SD Realtor]”Yes, the dollar will worth less when high inflation comes, and double digit rate couldn’t stop the home price increase (as they hadn’t in 70s).”
Except that they absolutely did hurt the housing market in the early 80’s.
**********
Again, you conveniently made no mention as to the effect on the new home that Ox wants to build from scratch.
That’s okay, we can agree to disagree.
[/quote]huh ? I thought he is selling his “built” house for 929K ?
March 2, 2009 at 1:47 PM #359190Participant[quote=SD Realtor]”Yes, the dollar will worth less when high inflation comes, and double digit rate couldn’t stop the home price increase (as they hadn’t in 70s).”
Except that they absolutely did hurt the housing market in the early 80’s.
**********
Again, you conveniently made no mention as to the effect on the new home that Ox wants to build from scratch.
That’s okay, we can agree to disagree.
[/quote]huh ? I thought he is selling his “built” house for 929K ?
March 2, 2009 at 1:54 PM #358619SD Realtor
ParticipantHe is selling his home. He wants to build another one after he sells. He has posted as such in another thread.
It doesn’t really matter though. The fundamental issue is that if there is going to be high inflation and dollars are worthless then getting tangible assets now for stronger dollars and/or significantly lower financing is something that should not be dismissed without thought.
March 2, 2009 at 1:54 PM #358921ParticipantHe is selling his home. He wants to build another one after he sells. He has posted as such in another thread.
It doesn’t really matter though. The fundamental issue is that if there is going to be high inflation and dollars are worthless then getting tangible assets now for stronger dollars and/or significantly lower financing is something that should not be dismissed without thought.
March 2, 2009 at 1:54 PM #359061ParticipantHe is selling his home. He wants to build another one after he sells. He has posted as such in another thread.
It doesn’t really matter though. The fundamental issue is that if there is going to be high inflation and dollars are worthless then getting tangible assets now for stronger dollars and/or significantly lower financing is something that should not be dismissed without thought.
March 2, 2009 at 1:54 PM #359097ParticipantHe is selling his home. He wants to build another one after he sells. He has posted as such in another thread.
It doesn’t really matter though. The fundamental issue is that if there is going to be high inflation and dollars are worthless then getting tangible assets now for stronger dollars and/or significantly lower financing is something that should not be dismissed without thought.
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