Housing won’t hit bottom ’til 2012

[an]

[quote=jstoesz]To pick a side, you have to pick your goal. Is it to own a home, or is it to not get sold down the river.

Deadzone, ventures nothing and loses nothing. your position has mostly a high percentile chance of downside with little hope of a monetary up side. So if you are willing to risk much and gain little to own your house, then I would side with you. If you are content renting and waiting, you are probably in economically safer territory.

There is huge potential downside imo, and few possibilities for burgeoning gains. Now if you don’t care and just need to own…you better look hard and carefully.

I don’t think west of the 5 is all that safe. I would bet it is ripe for some serious losses, but that is just me.[/quote]
Unless you’re living in a home you bought awhile ago and just looking to move up, you do you something to lose, it’s called your rent.

How did you come up with high chance of downside and little hope of upside from sdr’s post? Are we reading two different posts here?

If I continued to rent a comparable house as I bought 2 years ago, I’d be down about $20k by now. So, by buying, I saved myself $20k. So, how can you make a blanket statement that renting would put you in a more economically safer territory? I’m not going to make the same blanket statement that you should buy now at any price or you’ll miss the boat. However, if you can find a place at 1999-2001 price or a place that would make it cheaper for you to buy than rent, then there is a risk of downside for renting. That risk gets bigger every month that you rent.

[jstoesz]

Wow really 20k…I am just surprised. I guess your rent was way higher than mine. In the neighborhoods I liked it was WAY cheaper to rent than rent the money.

I was just flushing out the options sdr laid out as to the camps to be in.

I would like to add that you can lose 20k in a hurry in todays market. For most homes that doesn’t even cover sdr’s fees when you sell .

Do you really think it is safer monetarily to buy than rent. Ask yourself that honestly, because if you disagree, there is really no point to this conversation.

[jstoesz]

Wow really 20k…I am just surprised. I guess your rent was way higher than mine. In the neighborhoods I liked it was WAY cheaper to rent than rent the money.

I was just flushing out the options sdr laid out as to the camps to be in.

I would like to add that you can lose 20k in a hurry in todays market. For most homes that doesn’t even cover sdr’s fees when you sell .

Do you really think it is safer monetarily to buy than rent. Ask yourself that honestly, because if you disagree, there is really no point to this conversation.

[jstoesz]

Wow really 20k…I am just surprised. I guess your rent was way higher than mine. In the neighborhoods I liked it was WAY cheaper to rent than rent the money.

I was just flushing out the options sdr laid out as to the camps to be in.

I would like to add that you can lose 20k in a hurry in todays market. For most homes that doesn’t even cover sdr’s fees when you sell .

Do you really think it is safer monetarily to buy than rent. Ask yourself that honestly, because if you disagree, there is really no point to this conversation.

[jstoesz]

Wow really 20k…I am just surprised. I guess your rent was way higher than mine. In the neighborhoods I liked it was WAY cheaper to rent than rent the money.

I was just flushing out the options sdr laid out as to the camps to be in.

I would like to add that you can lose 20k in a hurry in todays market. For most homes that doesn’t even cover sdr’s fees when you sell .

Do you really think it is safer monetarily to buy than rent. Ask yourself that honestly, because if you disagree, there is really no point to this conversation.

[jstoesz]

Wow really 20k…I am just surprised. I guess your rent was way higher than mine. In the neighborhoods I liked it was WAY cheaper to rent than rent the money.

I was just flushing out the options sdr laid out as to the camps to be in.

I would like to add that you can lose 20k in a hurry in todays market. For most homes that doesn’t even cover sdr’s fees when you sell .

Do you really think it is safer monetarily to buy than rent. Ask yourself that honestly, because if you disagree, there is really no point to this conversation.

[an]

[quote=jstoesz]Wow really 20k…I am just surprised. I guess your rent was way higher than mine. In the neighborhoods I liked it was WAY cheaper to rent than rent the money.

I was just flushing out the options sdr laid out as to the camps to be in.

I would like to add that you can lose 20k in a hurry in todays market. For most homes that doesn’t even cover sdr’s fees when you sell .

Do you really think it is safer monetarily to buy than rent. Ask yourself that honestly, because if you disagree, there is really no point to this conversation.[/quote]
Well, if it’s WAY cheaper to rent than buy, then it makes perfect sense to rent. However, to make a blanket statement that it’s safer to rent than buy w/out know the specific is just retarded.

BTW, I haven’t even considered the fact that my house probably went up about $20k since I bought, so if it drop $20k, it would only be back to when I bought it. Also, why would you count in Realtor’s cost? What if you bought it as a home and plan to stay in it for at least 10 years?

Yes, it’s safer monetarily to buy than rent IF it’s cheaper to buy than rent. If you don’t agree with that, then you’re right, there’s really no point in continuing this debate.

[an]

[quote=jstoesz]Wow really 20k…I am just surprised. I guess your rent was way higher than mine. In the neighborhoods I liked it was WAY cheaper to rent than rent the money.

I was just flushing out the options sdr laid out as to the camps to be in.

I would like to add that you can lose 20k in a hurry in todays market. For most homes that doesn’t even cover sdr’s fees when you sell .

Do you really think it is safer monetarily to buy than rent. Ask yourself that honestly, because if you disagree, there is really no point to this conversation.[/quote]
Well, if it’s WAY cheaper to rent than buy, then it makes perfect sense to rent. However, to make a blanket statement that it’s safer to rent than buy w/out know the specific is just retarded.

BTW, I haven’t even considered the fact that my house probably went up about $20k since I bought, so if it drop $20k, it would only be back to when I bought it. Also, why would you count in Realtor’s cost? What if you bought it as a home and plan to stay in it for at least 10 years?

Yes, it’s safer monetarily to buy than rent IF it’s cheaper to buy than rent. If you don’t agree with that, then you’re right, there’s really no point in continuing this debate.

[an]

[quote=jstoesz]Wow really 20k…I am just surprised. I guess your rent was way higher than mine. In the neighborhoods I liked it was WAY cheaper to rent than rent the money.

I was just flushing out the options sdr laid out as to the camps to be in.

I would like to add that you can lose 20k in a hurry in todays market. For most homes that doesn’t even cover sdr’s fees when you sell .

Do you really think it is safer monetarily to buy than rent. Ask yourself that honestly, because if you disagree, there is really no point to this conversation.[/quote]
Well, if it’s WAY cheaper to rent than buy, then it makes perfect sense to rent. However, to make a blanket statement that it’s safer to rent than buy w/out know the specific is just retarded.

BTW, I haven’t even considered the fact that my house probably went up about $20k since I bought, so if it drop $20k, it would only be back to when I bought it. Also, why would you count in Realtor’s cost? What if you bought it as a home and plan to stay in it for at least 10 years?

Yes, it’s safer monetarily to buy than rent IF it’s cheaper to buy than rent. If you don’t agree with that, then you’re right, there’s really no point in continuing this debate.

[an]

[quote=jstoesz]Wow really 20k…I am just surprised. I guess your rent was way higher than mine. In the neighborhoods I liked it was WAY cheaper to rent than rent the money.

I was just flushing out the options sdr laid out as to the camps to be in.

I would like to add that you can lose 20k in a hurry in todays market. For most homes that doesn’t even cover sdr’s fees when you sell .

Do you really think it is safer monetarily to buy than rent. Ask yourself that honestly, because if you disagree, there is really no point to this conversation.[/quote]
Well, if it’s WAY cheaper to rent than buy, then it makes perfect sense to rent. However, to make a blanket statement that it’s safer to rent than buy w/out know the specific is just retarded.

BTW, I haven’t even considered the fact that my house probably went up about $20k since I bought, so if it drop $20k, it would only be back to when I bought it. Also, why would you count in Realtor’s cost? What if you bought it as a home and plan to stay in it for at least 10 years?

Yes, it’s safer monetarily to buy than rent IF it’s cheaper to buy than rent. If you don’t agree with that, then you’re right, there’s really no point in continuing this debate.

[an]

[quote=jstoesz]Wow really 20k…I am just surprised. I guess your rent was way higher than mine. In the neighborhoods I liked it was WAY cheaper to rent than rent the money.

I was just flushing out the options sdr laid out as to the camps to be in.

I would like to add that you can lose 20k in a hurry in todays market. For most homes that doesn’t even cover sdr’s fees when you sell .

Do you really think it is safer monetarily to buy than rent. Ask yourself that honestly, because if you disagree, there is really no point to this conversation.[/quote]
Well, if it’s WAY cheaper to rent than buy, then it makes perfect sense to rent. However, to make a blanket statement that it’s safer to rent than buy w/out know the specific is just retarded.

BTW, I haven’t even considered the fact that my house probably went up about $20k since I bought, so if it drop $20k, it would only be back to when I bought it. Also, why would you count in Realtor’s cost? What if you bought it as a home and plan to stay in it for at least 10 years?

Yes, it’s safer monetarily to buy than rent IF it’s cheaper to buy than rent. If you don’t agree with that, then you’re right, there’s really no point in continuing this debate.

[scaredyclassic]

“safer” depends. If your timeframe is the next 30 years, I’d say probably “safer” to buy than rent. If it’s three years, probably safer to rent than buy. Everything else is kind of a crapshoot. If the criteria is eartquake or zombie invasion preparedness renting or zero down or borrowing funds for cinderblock walls and ammo is safer.

[scaredyclassic]

“safer” depends. If your timeframe is the next 30 years, I’d say probably “safer” to buy than rent. If it’s three years, probably safer to rent than buy. Everything else is kind of a crapshoot. If the criteria is eartquake or zombie invasion preparedness renting or zero down or borrowing funds for cinderblock walls and ammo is safer.

[scaredyclassic]

“safer” depends. If your timeframe is the next 30 years, I’d say probably “safer” to buy than rent. If it’s three years, probably safer to rent than buy. Everything else is kind of a crapshoot. If the criteria is eartquake or zombie invasion preparedness renting or zero down or borrowing funds for cinderblock walls and ammo is safer.

[scaredyclassic]

“safer” depends. If your timeframe is the next 30 years, I’d say probably “safer” to buy than rent. If it’s three years, probably safer to rent than buy. Everything else is kind of a crapshoot. If the criteria is eartquake or zombie invasion preparedness renting or zero down or borrowing funds for cinderblock walls and ammo is safer.

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