Is this a good deal in Scripps ?

[GunDoctor]

to funny,

I have been called a bitter renter.
could we be seeing the rise of the Bitter Buyer?
Gun

[andymajumder]

Thanks jimmyle. Yes I have seen that house and we really liked it, but feel its overvalued right now.
Also we want strictly follow the rule:

Buy a house which is less than 3.5 times annual gross income, specially since we don’t expect our home value to appreciate much for years to come.

[andymajumder]

Thanks jimmyle. Yes I have seen that house and we really liked it, but feel its overvalued right now.
Also we want strictly follow the rule:

Buy a house which is less than 3.5 times annual gross income, specially since we don’t expect our home value to appreciate much for years to come.

[andymajumder]

Thanks jimmyle. Yes I have seen that house and we really liked it, but feel its overvalued right now.
Also we want strictly follow the rule:

Buy a house which is less than 3.5 times annual gross income, specially since we don’t expect our home value to appreciate much for years to come.

[andymajumder]

Thanks jimmyle. Yes I have seen that house and we really liked it, but feel its overvalued right now.
Also we want strictly follow the rule:

Buy a house which is less than 3.5 times annual gross income, specially since we don’t expect our home value to appreciate much for years to come.

[andymajumder]

Thanks jimmyle. Yes I have seen that house and we really liked it, but feel its overvalued right now.
Also we want strictly follow the rule:

Buy a house which is less than 3.5 times annual gross income, specially since we don’t expect our home value to appreciate much for years to come.

[betting on fall]

your rent/buy calculation is pretty compelling, but I say hold off.
Your probably going to want to have kids soon. When the kids come, your wife is going to start saying that 1300 sq.ft. is not enough. I’d say you have a pretty good chance your going to want to move in 5 years or so if you buy this place. And I think that you would have to agree that prices in 5 years will likely be close to what they are today. Then factor in transaction costs- between sales commissions, other closing costs, and loan fees, about 8-10% of the value of the house is lost in these costs when you buy/sell.
Buying today is only for those in it for the long haul. Your odds of staying in that place for the long term seem low. Rent, save, and wait for the market to come to you.

[betting on fall]

your rent/buy calculation is pretty compelling, but I say hold off.
Your probably going to want to have kids soon. When the kids come, your wife is going to start saying that 1300 sq.ft. is not enough. I’d say you have a pretty good chance your going to want to move in 5 years or so if you buy this place. And I think that you would have to agree that prices in 5 years will likely be close to what they are today. Then factor in transaction costs- between sales commissions, other closing costs, and loan fees, about 8-10% of the value of the house is lost in these costs when you buy/sell.
Buying today is only for those in it for the long haul. Your odds of staying in that place for the long term seem low. Rent, save, and wait for the market to come to you.

[betting on fall]

your rent/buy calculation is pretty compelling, but I say hold off.
Your probably going to want to have kids soon. When the kids come, your wife is going to start saying that 1300 sq.ft. is not enough. I’d say you have a pretty good chance your going to want to move in 5 years or so if you buy this place. And I think that you would have to agree that prices in 5 years will likely be close to what they are today. Then factor in transaction costs- between sales commissions, other closing costs, and loan fees, about 8-10% of the value of the house is lost in these costs when you buy/sell.
Buying today is only for those in it for the long haul. Your odds of staying in that place for the long term seem low. Rent, save, and wait for the market to come to you.

[betting on fall]

your rent/buy calculation is pretty compelling, but I say hold off.
Your probably going to want to have kids soon. When the kids come, your wife is going to start saying that 1300 sq.ft. is not enough. I’d say you have a pretty good chance your going to want to move in 5 years or so if you buy this place. And I think that you would have to agree that prices in 5 years will likely be close to what they are today. Then factor in transaction costs- between sales commissions, other closing costs, and loan fees, about 8-10% of the value of the house is lost in these costs when you buy/sell.
Buying today is only for those in it for the long haul. Your odds of staying in that place for the long term seem low. Rent, save, and wait for the market to come to you.

[betting on fall]

your rent/buy calculation is pretty compelling, but I say hold off.
Your probably going to want to have kids soon. When the kids come, your wife is going to start saying that 1300 sq.ft. is not enough. I’d say you have a pretty good chance your going to want to move in 5 years or so if you buy this place. And I think that you would have to agree that prices in 5 years will likely be close to what they are today. Then factor in transaction costs- between sales commissions, other closing costs, and loan fees, about 8-10% of the value of the house is lost in these costs when you buy/sell.
Buying today is only for those in it for the long haul. Your odds of staying in that place for the long term seem low. Rent, save, and wait for the market to come to you.

[Raybyrnes]

andymajumder

Your making the assumption that rent is the floor and that there is no chance that mortgages would fall below rents.

I would generally use this as a baseline but what if we did go into a full our recession and people did not have the ability to come up with a down payment. In this case rent could potentially be higher than a mortgage or at the very minimum be higher than a mortgage with 20% down.

[Raybyrnes]

andymajumder

Your making the assumption that rent is the floor and that there is no chance that mortgages would fall below rents.

I would generally use this as a baseline but what if we did go into a full our recession and people did not have the ability to come up with a down payment. In this case rent could potentially be higher than a mortgage or at the very minimum be higher than a mortgage with 20% down.

[Raybyrnes]

andymajumder

Your making the assumption that rent is the floor and that there is no chance that mortgages would fall below rents.

I would generally use this as a baseline but what if we did go into a full our recession and people did not have the ability to come up with a down payment. In this case rent could potentially be higher than a mortgage or at the very minimum be higher than a mortgage with 20% down.

[Raybyrnes]

andymajumder

Your making the assumption that rent is the floor and that there is no chance that mortgages would fall below rents.

I would generally use this as a baseline but what if we did go into a full our recession and people did not have the ability to come up with a down payment. In this case rent could potentially be higher than a mortgage or at the very minimum be higher than a mortgage with 20% down.

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