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July 7, 2011 at 3:13 PM #709269July 7, 2011 at 3:14 PM #708064
briansd1
Guest[quote=walterwhite]My place is cheaper than it would be to rent it. I figure I’m Essentially renting at a decent price w the possibility of maybe making a few bucks gambling my down payment in a deal that’s a hedge against inflation but primarily and overwhelmingly the whole thing was just to satisfy my wife.[/quote]
Yes, sometimes it makes sense to rent sometimes it makes sense to buy.
Buying is not the be-all, end-all answer.
For example buying an expensive house in La Jolla that is much cheaper to rent, which might slide down the hill might be putting all you eggs in one basket.
July 7, 2011 at 3:14 PM #708160Guest[quote=walterwhite]My place is cheaper than it would be to rent it. I figure I’m Essentially renting at a decent price w the possibility of maybe making a few bucks gambling my down payment in a deal that’s a hedge against inflation but primarily and overwhelmingly the whole thing was just to satisfy my wife.[/quote]
Yes, sometimes it makes sense to rent sometimes it makes sense to buy.
Buying is not the be-all, end-all answer.
For example buying an expensive house in La Jolla that is much cheaper to rent, which might slide down the hill might be putting all you eggs in one basket.
July 7, 2011 at 3:14 PM #708759Guest[quote=walterwhite]My place is cheaper than it would be to rent it. I figure I’m Essentially renting at a decent price w the possibility of maybe making a few bucks gambling my down payment in a deal that’s a hedge against inflation but primarily and overwhelmingly the whole thing was just to satisfy my wife.[/quote]
Yes, sometimes it makes sense to rent sometimes it makes sense to buy.
Buying is not the be-all, end-all answer.
For example buying an expensive house in La Jolla that is much cheaper to rent, which might slide down the hill might be putting all you eggs in one basket.
July 7, 2011 at 3:14 PM #708911Guest[quote=walterwhite]My place is cheaper than it would be to rent it. I figure I’m Essentially renting at a decent price w the possibility of maybe making a few bucks gambling my down payment in a deal that’s a hedge against inflation but primarily and overwhelmingly the whole thing was just to satisfy my wife.[/quote]
Yes, sometimes it makes sense to rent sometimes it makes sense to buy.
Buying is not the be-all, end-all answer.
For example buying an expensive house in La Jolla that is much cheaper to rent, which might slide down the hill might be putting all you eggs in one basket.
July 7, 2011 at 3:14 PM #709274Guest[quote=walterwhite]My place is cheaper than it would be to rent it. I figure I’m Essentially renting at a decent price w the possibility of maybe making a few bucks gambling my down payment in a deal that’s a hedge against inflation but primarily and overwhelmingly the whole thing was just to satisfy my wife.[/quote]
Yes, sometimes it makes sense to rent sometimes it makes sense to buy.
Buying is not the be-all, end-all answer.
For example buying an expensive house in La Jolla that is much cheaper to rent, which might slide down the hill might be putting all you eggs in one basket.
July 7, 2011 at 3:21 PM #708069
CoronitaParticipantdeleted.
July 7, 2011 at 3:21 PM #708165CoronitaParticipantdeleted.
July 7, 2011 at 3:21 PM #708764CoronitaParticipantdeleted.
July 7, 2011 at 3:21 PM #708916CoronitaParticipantdeleted.
July 7, 2011 at 3:21 PM #709279CoronitaParticipantdeleted.
July 7, 2011 at 3:54 PM #708099Guest[quote=AN]
Most of us on here did not bought between 04-07. If you look back at the threads going on between 04-07, we were bitching at how expensive homes are. But I did buy in 2008 and my mortgage is cheaper than comparable rent. I know that for the next 30 years, I’ll have the same mortgage. I can’t say the same if I’m renting the same house. So far, it’s working out pretty good. Every month I’m living in here, I’m saving money.[/quote]AN, I agree with you that the best real estate to buy in terms of rent vs. buy is in a middle-of-the-road neighborhood like Mira Mesa or Clairemont.
As a buyer, the higher-end you go, and the more you stretch your finances to buy, the worse it becomes from a financial decision standpoint.
So many buyers stretch to the max to buy. When they suffer a setback, they lose their houses.
It’s no surprise that historically an economic recession is followed by a housing recession.
This time around we had a housing crash which caused the economic crash, which then caused an employment crash which is then followed by a cyclical housing recession (the double dip in housing).
As long as jobs creation is bad, there’s no urgency to buy because new households can’t afford to enter the market in numbers large enough.
July 7, 2011 at 3:54 PM #708195Guest[quote=AN]
Most of us on here did not bought between 04-07. If you look back at the threads going on between 04-07, we were bitching at how expensive homes are. But I did buy in 2008 and my mortgage is cheaper than comparable rent. I know that for the next 30 years, I’ll have the same mortgage. I can’t say the same if I’m renting the same house. So far, it’s working out pretty good. Every month I’m living in here, I’m saving money.[/quote]AN, I agree with you that the best real estate to buy in terms of rent vs. buy is in a middle-of-the-road neighborhood like Mira Mesa or Clairemont.
As a buyer, the higher-end you go, and the more you stretch your finances to buy, the worse it becomes from a financial decision standpoint.
So many buyers stretch to the max to buy. When they suffer a setback, they lose their houses.
It’s no surprise that historically an economic recession is followed by a housing recession.
This time around we had a housing crash which caused the economic crash, which then caused an employment crash which is then followed by a cyclical housing recession (the double dip in housing).
As long as jobs creation is bad, there’s no urgency to buy because new households can’t afford to enter the market in numbers large enough.
July 7, 2011 at 3:54 PM #708794Guest[quote=AN]
Most of us on here did not bought between 04-07. If you look back at the threads going on between 04-07, we were bitching at how expensive homes are. But I did buy in 2008 and my mortgage is cheaper than comparable rent. I know that for the next 30 years, I’ll have the same mortgage. I can’t say the same if I’m renting the same house. So far, it’s working out pretty good. Every month I’m living in here, I’m saving money.[/quote]AN, I agree with you that the best real estate to buy in terms of rent vs. buy is in a middle-of-the-road neighborhood like Mira Mesa or Clairemont.
As a buyer, the higher-end you go, and the more you stretch your finances to buy, the worse it becomes from a financial decision standpoint.
So many buyers stretch to the max to buy. When they suffer a setback, they lose their houses.
It’s no surprise that historically an economic recession is followed by a housing recession.
This time around we had a housing crash which caused the economic crash, which then caused an employment crash which is then followed by a cyclical housing recession (the double dip in housing).
As long as jobs creation is bad, there’s no urgency to buy because new households can’t afford to enter the market in numbers large enough.
July 7, 2011 at 3:54 PM #708946Guest[quote=AN]
Most of us on here did not bought between 04-07. If you look back at the threads going on between 04-07, we were bitching at how expensive homes are. But I did buy in 2008 and my mortgage is cheaper than comparable rent. I know that for the next 30 years, I’ll have the same mortgage. I can’t say the same if I’m renting the same house. So far, it’s working out pretty good. Every month I’m living in here, I’m saving money.[/quote]AN, I agree with you that the best real estate to buy in terms of rent vs. buy is in a middle-of-the-road neighborhood like Mira Mesa or Clairemont.
As a buyer, the higher-end you go, and the more you stretch your finances to buy, the worse it becomes from a financial decision standpoint.
So many buyers stretch to the max to buy. When they suffer a setback, they lose their houses.
It’s no surprise that historically an economic recession is followed by a housing recession.
This time around we had a housing crash which caused the economic crash, which then caused an employment crash which is then followed by a cyclical housing recession (the double dip in housing).
As long as jobs creation is bad, there’s no urgency to buy because new households can’t afford to enter the market in numbers large enough.
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