First crack in the high end?

[an]

jpinpb, I completely agree. That’s why it’s getting really hard to sign another year lease when your rent is equal to mortgage w/out any down payment. I’m speculating that waiting another year will yield a saving due to price decline, but that in itself is a speculation, which is the same as those who bought in 2003 speculating it’ll continue to go up.

[NotCranky]

An & Jp this is fine if you want to be an owner and ride out more possible correction ant that’s it. As we talked about before this scenario isn’t necessarily to be disaster.

I suggest calculating rent to own at 8 or 9 percent or more. To get an idea about what that might look like a few years down the road. Just as an excercise because we don’t really know. Too bad you can’t take out an option on today’s rates unless you have equity.

[NotCranky]

An & Jp this is fine if you want to be an owner and ride out more possible correction ant that’s it. As we talked about before this scenario isn’t necessarily to be disaster.

I suggest calculating rent to own at 8 or 9 percent or more. To get an idea about what that might look like a few years down the road. Just as an excercise because we don’t really know. Too bad you can’t take out an option on today’s rates unless you have equity.

[NotCranky]

An & Jp this is fine if you want to be an owner and ride out more possible correction ant that’s it. As we talked about before this scenario isn’t necessarily to be disaster.

I suggest calculating rent to own at 8 or 9 percent or more. To get an idea about what that might look like a few years down the road. Just as an excercise because we don’t really know. Too bad you can’t take out an option on today’s rates unless you have equity.

[NotCranky]

An & Jp this is fine if you want to be an owner and ride out more possible correction ant that’s it. As we talked about before this scenario isn’t necessarily to be disaster.

I suggest calculating rent to own at 8 or 9 percent or more. To get an idea about what that might look like a few years down the road. Just as an excercise because we don’t really know. Too bad you can’t take out an option on today’s rates unless you have equity.

[NotCranky]

An & Jp this is fine if you want to be an owner and ride out more possible correction ant that’s it. As we talked about before this scenario isn’t necessarily to be disaster.

I suggest calculating rent to own at 8 or 9 percent or more. To get an idea about what that might look like a few years down the road. Just as an excercise because we don’t really know. Too bad you can’t take out an option on today’s rates unless you have equity.

[jpinpb]

asianautica, Definitely speculation on the part of those who bought in 2003 expecting prices to go up. But now I hesitate to say speculating on the decline. Maybe “informed” speculation. We have so much information that points more to a decline, so many factors really dragging the market down. Certainly I think we all agree that there will be no increases by year-end. I’m not a gambler. What are the odds w/the way the economy is right now? Very unlikely.

[jpinpb]

asianautica, Definitely speculation on the part of those who bought in 2003 expecting prices to go up. But now I hesitate to say speculating on the decline. Maybe “informed” speculation. We have so much information that points more to a decline, so many factors really dragging the market down. Certainly I think we all agree that there will be no increases by year-end. I’m not a gambler. What are the odds w/the way the economy is right now? Very unlikely.

[jpinpb]

asianautica, Definitely speculation on the part of those who bought in 2003 expecting prices to go up. But now I hesitate to say speculating on the decline. Maybe “informed” speculation. We have so much information that points more to a decline, so many factors really dragging the market down. Certainly I think we all agree that there will be no increases by year-end. I’m not a gambler. What are the odds w/the way the economy is right now? Very unlikely.

[jpinpb]

asianautica, Definitely speculation on the part of those who bought in 2003 expecting prices to go up. But now I hesitate to say speculating on the decline. Maybe “informed” speculation. We have so much information that points more to a decline, so many factors really dragging the market down. Certainly I think we all agree that there will be no increases by year-end. I’m not a gambler. What are the odds w/the way the economy is right now? Very unlikely.

[jpinpb]

asianautica, Definitely speculation on the part of those who bought in 2003 expecting prices to go up. But now I hesitate to say speculating on the decline. Maybe “informed” speculation. We have so much information that points more to a decline, so many factors really dragging the market down. Certainly I think we all agree that there will be no increases by year-end. I’m not a gambler. What are the odds w/the way the economy is right now? Very unlikely.

[an]

Rustico, I’ll be buying as my primary resident and will be in it at least 5-10 years before renting it out and have my tenant pay the rest of my mortgage. So every year I wait, I’m speculating that price will go down further to offset the price different between rent vs mortgage interest every year. As I said, it’s a speculation, because there’s a possibility that price either stay flat or rates will go up to offset any price decline. That’s the risk I’m taking, hoping it’ll pay off.

[an]

Rustico, I’ll be buying as my primary resident and will be in it at least 5-10 years before renting it out and have my tenant pay the rest of my mortgage. So every year I wait, I’m speculating that price will go down further to offset the price different between rent vs mortgage interest every year. As I said, it’s a speculation, because there’s a possibility that price either stay flat or rates will go up to offset any price decline. That’s the risk I’m taking, hoping it’ll pay off.

[an]

Rustico, I’ll be buying as my primary resident and will be in it at least 5-10 years before renting it out and have my tenant pay the rest of my mortgage. So every year I wait, I’m speculating that price will go down further to offset the price different between rent vs mortgage interest every year. As I said, it’s a speculation, because there’s a possibility that price either stay flat or rates will go up to offset any price decline. That’s the risk I’m taking, hoping it’ll pay off.

[an]

Rustico, I’ll be buying as my primary resident and will be in it at least 5-10 years before renting it out and have my tenant pay the rest of my mortgage. So every year I wait, I’m speculating that price will go down further to offset the price different between rent vs mortgage interest every year. As I said, it’s a speculation, because there’s a possibility that price either stay flat or rates will go up to offset any price decline. That’s the risk I’m taking, hoping it’ll pay off.

[Author]

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