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peterb.
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March 4, 2010 at 6:35 PM #521903March 5, 2010 at 8:13 AM #521226
sdrealtor
ParticipantHI
I’d like to introduce myself and my 3 friends Adam, Russ and Dan.March 5, 2010 at 8:13 AM #521365ParticipantHI
I’d like to introduce myself and my 3 friends Adam, Russ and Dan.March 5, 2010 at 8:13 AM #521798ParticipantHI
I’d like to introduce myself and my 3 friends Adam, Russ and Dan.March 5, 2010 at 8:13 AM #521891ParticipantHI
I’d like to introduce myself and my 3 friends Adam, Russ and Dan.March 5, 2010 at 8:13 AM #522144ParticipantHI
I’d like to introduce myself and my 3 friends Adam, Russ and Dan.March 5, 2010 at 2:00 PM #521393(former)FormerSanDiegan
Participant[quote=mastergutah]<
>> I have yet to meet an agent who didn’t think that now (whenever that was) was an excellent time to buy.
As a back story, when interest rates rise, which they inevitably will, housing prices will fall.[/quote]
There, you’ve now viurtually met three agents who for a signficant potion of the past four years suggested it was not a good time to buy.
Also, as for interest rates rising resulting in home price declines … Look at 1966 to 1982.
Interest rates TRIPLED during this period (from ~6% to ~18%.
What did home prices do during this period ?What about the periods of rapid inflaiton in the 1970’s ?
March 5, 2010 at 2:00 PM #521531Participant[quote=mastergutah]<
>> I have yet to meet an agent who didn’t think that now (whenever that was) was an excellent time to buy.
As a back story, when interest rates rise, which they inevitably will, housing prices will fall.[/quote]
There, you’ve now viurtually met three agents who for a signficant potion of the past four years suggested it was not a good time to buy.
Also, as for interest rates rising resulting in home price declines … Look at 1966 to 1982.
Interest rates TRIPLED during this period (from ~6% to ~18%.
What did home prices do during this period ?What about the periods of rapid inflaiton in the 1970’s ?
March 5, 2010 at 2:00 PM #521963Participant[quote=mastergutah]<
>> I have yet to meet an agent who didn’t think that now (whenever that was) was an excellent time to buy.
As a back story, when interest rates rise, which they inevitably will, housing prices will fall.[/quote]
There, you’ve now viurtually met three agents who for a signficant potion of the past four years suggested it was not a good time to buy.
Also, as for interest rates rising resulting in home price declines … Look at 1966 to 1982.
Interest rates TRIPLED during this period (from ~6% to ~18%.
What did home prices do during this period ?What about the periods of rapid inflaiton in the 1970’s ?
March 5, 2010 at 2:00 PM #522054Participant[quote=mastergutah]<
>> I have yet to meet an agent who didn’t think that now (whenever that was) was an excellent time to buy.
As a back story, when interest rates rise, which they inevitably will, housing prices will fall.[/quote]
There, you’ve now viurtually met three agents who for a signficant potion of the past four years suggested it was not a good time to buy.
Also, as for interest rates rising resulting in home price declines … Look at 1966 to 1982.
Interest rates TRIPLED during this period (from ~6% to ~18%.
What did home prices do during this period ?What about the periods of rapid inflaiton in the 1970’s ?
March 5, 2010 at 2:00 PM #522311Participant[quote=mastergutah]<
>> I have yet to meet an agent who didn’t think that now (whenever that was) was an excellent time to buy.
As a back story, when interest rates rise, which they inevitably will, housing prices will fall.[/quote]
There, you’ve now viurtually met three agents who for a signficant potion of the past four years suggested it was not a good time to buy.
Also, as for interest rates rising resulting in home price declines … Look at 1966 to 1982.
Interest rates TRIPLED during this period (from ~6% to ~18%.
What did home prices do during this period ?What about the periods of rapid inflaiton in the 1970’s ?
March 7, 2010 at 3:21 PM #522227patb
Participant1) You are almost debt free, perhaps you should get entirely debt free.
2) have you done a rent vs Buy analysis? does the house make any sense on a rental basis?
3) Can you afford it on a single income?
4) Are you sure you will be there at least 5 years?
5) The reason a 20% downpayment is good is you can
mark it down 10%, and still sell and get out.March 7, 2010 at 3:21 PM #522367Participant1) You are almost debt free, perhaps you should get entirely debt free.
2) have you done a rent vs Buy analysis? does the house make any sense on a rental basis?
3) Can you afford it on a single income?
4) Are you sure you will be there at least 5 years?
5) The reason a 20% downpayment is good is you can
mark it down 10%, and still sell and get out.March 7, 2010 at 3:21 PM #522804Participant1) You are almost debt free, perhaps you should get entirely debt free.
2) have you done a rent vs Buy analysis? does the house make any sense on a rental basis?
3) Can you afford it on a single income?
4) Are you sure you will be there at least 5 years?
5) The reason a 20% downpayment is good is you can
mark it down 10%, and still sell and get out.March 7, 2010 at 3:21 PM #522898Participant1) You are almost debt free, perhaps you should get entirely debt free.
2) have you done a rent vs Buy analysis? does the house make any sense on a rental basis?
3) Can you afford it on a single income?
4) Are you sure you will be there at least 5 years?
5) The reason a 20% downpayment is good is you can
mark it down 10%, and still sell and get out. -
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