Housing won’t hit bottom ’til 2012

[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.

[sdrealtor]

jstoez,
And I have no problem when someone does the math and says yes its better to rent. For many people it is. Where I have a problem is the blanket fearmongering statements that buying anything or anywhere is foolish, that everyone took out zero down option ARMS that will explode and that prices must drop everywhere. That simply isnt right. Its the same old tired arguments about the ARM reset chart, the median income vs housing price not being in balance and on and on. Affordability is better than it has been in decades. While I dont beleive there is big upside ahead I think the downside risk to staying out of the market can be just as high if not higher once we get the inflation and higher rates I beleive are coming in the next few years. Buying now at low rates creates a good hedge against inflation. If you have lots of cash and are not sensitive to interest rates you are in the minority and there could be advantages to waiting another couple years.

I am hardly a cheerleader nor have I been for any of the nearly 5 years I have been around here. For the first time in years I have enough confidence in this market for people who buy carefully. Its taken a long time to get there but here I am.

[sdrealtor]

jstoez,
And I have no problem when someone does the math and says yes its better to rent. For many people it is. Where I have a problem is the blanket fearmongering statements that buying anything or anywhere is foolish, that everyone took out zero down option ARMS that will explode and that prices must drop everywhere. That simply isnt right. Its the same old tired arguments about the ARM reset chart, the median income vs housing price not being in balance and on and on. Affordability is better than it has been in decades. While I dont beleive there is big upside ahead I think the downside risk to staying out of the market can be just as high if not higher once we get the inflation and higher rates I beleive are coming in the next few years. Buying now at low rates creates a good hedge against inflation. If you have lots of cash and are not sensitive to interest rates you are in the minority and there could be advantages to waiting another couple years.

I am hardly a cheerleader nor have I been for any of the nearly 5 years I have been around here. For the first time in years I have enough confidence in this market for people who buy carefully. Its taken a long time to get there but here I am.

[sdrealtor]

jstoez,
And I have no problem when someone does the math and says yes its better to rent. For many people it is. Where I have a problem is the blanket fearmongering statements that buying anything or anywhere is foolish, that everyone took out zero down option ARMS that will explode and that prices must drop everywhere. That simply isnt right. Its the same old tired arguments about the ARM reset chart, the median income vs housing price not being in balance and on and on. Affordability is better than it has been in decades. While I dont beleive there is big upside ahead I think the downside risk to staying out of the market can be just as high if not higher once we get the inflation and higher rates I beleive are coming in the next few years. Buying now at low rates creates a good hedge against inflation. If you have lots of cash and are not sensitive to interest rates you are in the minority and there could be advantages to waiting another couple years.

I am hardly a cheerleader nor have I been for any of the nearly 5 years I have been around here. For the first time in years I have enough confidence in this market for people who buy carefully. Its taken a long time to get there but here I am.

[sdrealtor]

jstoez,
And I have no problem when someone does the math and says yes its better to rent. For many people it is. Where I have a problem is the blanket fearmongering statements that buying anything or anywhere is foolish, that everyone took out zero down option ARMS that will explode and that prices must drop everywhere. That simply isnt right. Its the same old tired arguments about the ARM reset chart, the median income vs housing price not being in balance and on and on. Affordability is better than it has been in decades. While I dont beleive there is big upside ahead I think the downside risk to staying out of the market can be just as high if not higher once we get the inflation and higher rates I beleive are coming in the next few years. Buying now at low rates creates a good hedge against inflation. If you have lots of cash and are not sensitive to interest rates you are in the minority and there could be advantages to waiting another couple years.

I am hardly a cheerleader nor have I been for any of the nearly 5 years I have been around here. For the first time in years I have enough confidence in this market for people who buy carefully. Its taken a long time to get there but here I am.

[sdrealtor]

jstoez,
And I have no problem when someone does the math and says yes its better to rent. For many people it is. Where I have a problem is the blanket fearmongering statements that buying anything or anywhere is foolish, that everyone took out zero down option ARMS that will explode and that prices must drop everywhere. That simply isnt right. Its the same old tired arguments about the ARM reset chart, the median income vs housing price not being in balance and on and on. Affordability is better than it has been in decades. While I dont beleive there is big upside ahead I think the downside risk to staying out of the market can be just as high if not higher once we get the inflation and higher rates I beleive are coming in the next few years. Buying now at low rates creates a good hedge against inflation. If you have lots of cash and are not sensitive to interest rates you are in the minority and there could be advantages to waiting another couple years.

I am hardly a cheerleader nor have I been for any of the nearly 5 years I have been around here. For the first time in years I have enough confidence in this market for people who buy carefully. Its taken a long time to get there but here I am.

[bearishgurl]

briansd1, you are one pot-stirrer!

[bearishgurl]

briansd1, you are one pot-stirrer!

[bearishgurl]

briansd1, you are one pot-stirrer!

[bearishgurl]

briansd1, you are one pot-stirrer!

[bearishgurl]

briansd1, you are one pot-stirrer!

[scaredyclassic]

I gulp agree w the realtor on this; taking your cash and putting it in a house definitely is a hedge against inflation. I believe it’s coming maybe not soon but we are on a suicide path therewith. So you should probably hedge one way or the other; gold ; ETF resouce shares; a house; but sitting around w cash waiting for the crash? I think you could get crushed; not safe; personally I think vanguard energy vipers or gdx gold mining index fund or slw silver mines is a much better hedge than my abode and if I were single I’d be w shares. But if you are sitting on cash waiting for the moment shen blood is running in the streets I think you’ll die a death of a thousand band aids.,…

[scaredyclassic]

I gulp agree w the realtor on this; taking your cash and putting it in a house definitely is a hedge against inflation. I believe it’s coming maybe not soon but we are on a suicide path therewith. So you should probably hedge one way or the other; gold ; ETF resouce shares; a house; but sitting around w cash waiting for the crash? I think you could get crushed; not safe; personally I think vanguard energy vipers or gdx gold mining index fund or slw silver mines is a much better hedge than my abode and if I were single I’d be w shares. But if you are sitting on cash waiting for the moment shen blood is running in the streets I think you’ll die a death of a thousand band aids.,…

[scaredyclassic]

I gulp agree w the realtor on this; taking your cash and putting it in a house definitely is a hedge against inflation. I believe it’s coming maybe not soon but we are on a suicide path therewith. So you should probably hedge one way or the other; gold ; ETF resouce shares; a house; but sitting around w cash waiting for the crash? I think you could get crushed; not safe; personally I think vanguard energy vipers or gdx gold mining index fund or slw silver mines is a much better hedge than my abode and if I were single I’d be w shares. But if you are sitting on cash waiting for the moment shen blood is running in the streets I think you’ll die a death of a thousand band aids.,…

[scaredyclassic]

I gulp agree w the realtor on this; taking your cash and putting it in a house definitely is a hedge against inflation. I believe it’s coming maybe not soon but we are on a suicide path therewith. So you should probably hedge one way or the other; gold ; ETF resouce shares; a house; but sitting around w cash waiting for the crash? I think you could get crushed; not safe; personally I think vanguard energy vipers or gdx gold mining index fund or slw silver mines is a much better hedge than my abode and if I were single I’d be w shares. But if you are sitting on cash waiting for the moment shen blood is running in the streets I think you’ll die a death of a thousand band aids.,…

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