Long time Pigg viewer is trying to run the numbers.

[Fletch]

Well you make some solid points Peter. No, I’m not in a hurry to buy again. Though we’re VA loan eligible, I’d like to save up for a down payment (again) to increase my options. We do need a bigger house as we’re expecting our 5th child. I know, I know– I’m insane. Children are not very liquid assets. Not legally, anyway. Hopefully, sitting on the sidelines for two years will allow us to save up and have a better selection of houses when we’re ready to buy in again.

I do think Federal jobs are safe (even though they shouldn’t be). There is no way the Federal government will lose personnel under Obama.

Stu, I hope you don’t think I’m hijacking your thread!

[sdduuuude]

There’s always the question “will you atually be employed in Winter of 2009?”

I think everyone needs to seriously consider the risk of this. The economic bad news seems to be coming in an endless stream now.

Your down payment cash may need to towards paying rent for several months. If it is already spent on a purchase, there goes your cushion.

It makes alot of sense to wait until we are past the recession to buy, just on the chance your employment situation changes.

[sdduuuude]

There’s always the question “will you atually be employed in Winter of 2009?”

I think everyone needs to seriously consider the risk of this. The economic bad news seems to be coming in an endless stream now.

Your down payment cash may need to towards paying rent for several months. If it is already spent on a purchase, there goes your cushion.

It makes alot of sense to wait until we are past the recession to buy, just on the chance your employment situation changes.

[sdduuuude]

There’s always the question “will you atually be employed in Winter of 2009?”

I think everyone needs to seriously consider the risk of this. The economic bad news seems to be coming in an endless stream now.

Your down payment cash may need to towards paying rent for several months. If it is already spent on a purchase, there goes your cushion.

It makes alot of sense to wait until we are past the recession to buy, just on the chance your employment situation changes.

[sdduuuude]

There’s always the question “will you atually be employed in Winter of 2009?”

I think everyone needs to seriously consider the risk of this. The economic bad news seems to be coming in an endless stream now.

Your down payment cash may need to towards paying rent for several months. If it is already spent on a purchase, there goes your cushion.

It makes alot of sense to wait until we are past the recession to buy, just on the chance your employment situation changes.

[sdduuuude]

There’s always the question “will you atually be employed in Winter of 2009?”

I think everyone needs to seriously consider the risk of this. The economic bad news seems to be coming in an endless stream now.

Your down payment cash may need to towards paying rent for several months. If it is already spent on a purchase, there goes your cushion.

It makes alot of sense to wait until we are past the recession to buy, just on the chance your employment situation changes.

[peterb]

Fletch. I think it wise to give this a year or two in order to determine how ugly it will get. There’s so much govt intervention and lack of transparency that things are unfolding in waves of bad news. My guess is that it’s pretty bad, and the powers-that-be are trying to keep the melt down as orderly as possible to avoid chaos. But, it’s a melt down nonetheless. Save your cash, eliminate debt, spend quality time with your kids. It’s old school and it works. Time to get back to what’s real anyway.

[peterb]

Fletch. I think it wise to give this a year or two in order to determine how ugly it will get. There’s so much govt intervention and lack of transparency that things are unfolding in waves of bad news. My guess is that it’s pretty bad, and the powers-that-be are trying to keep the melt down as orderly as possible to avoid chaos. But, it’s a melt down nonetheless. Save your cash, eliminate debt, spend quality time with your kids. It’s old school and it works. Time to get back to what’s real anyway.

[peterb]

Fletch. I think it wise to give this a year or two in order to determine how ugly it will get. There’s so much govt intervention and lack of transparency that things are unfolding in waves of bad news. My guess is that it’s pretty bad, and the powers-that-be are trying to keep the melt down as orderly as possible to avoid chaos. But, it’s a melt down nonetheless. Save your cash, eliminate debt, spend quality time with your kids. It’s old school and it works. Time to get back to what’s real anyway.

[peterb]

Fletch. I think it wise to give this a year or two in order to determine how ugly it will get. There’s so much govt intervention and lack of transparency that things are unfolding in waves of bad news. My guess is that it’s pretty bad, and the powers-that-be are trying to keep the melt down as orderly as possible to avoid chaos. But, it’s a melt down nonetheless. Save your cash, eliminate debt, spend quality time with your kids. It’s old school and it works. Time to get back to what’s real anyway.

[peterb]

Fletch. I think it wise to give this a year or two in order to determine how ugly it will get. There’s so much govt intervention and lack of transparency that things are unfolding in waves of bad news. My guess is that it’s pretty bad, and the powers-that-be are trying to keep the melt down as orderly as possible to avoid chaos. But, it’s a melt down nonetheless. Save your cash, eliminate debt, spend quality time with your kids. It’s old school and it works. Time to get back to what’s real anyway.

[Stu949]

No Fletch, no problems at all.

TG: yeah, I see your point. Thanks for the feedback.

Thanks all for the comments.

It was tough convincing the wife at first, but she now agrees that we made the right choice by waiting. I think I can keep her at bay for a little longer.

If things seem to remain constant for the next 6 to 9 months, we will probably buy next year. Like you all said, mid 2009 could be so bad that even my wife will say, “whoa, this did get worse.” I’m convinced it will, so like someone said, time is only our side. There is probably nothing we will miss by at least waiting another year.

Thanks again for the comments; and no sweat Fletch.

[Stu949]

No Fletch, no problems at all.

TG: yeah, I see your point. Thanks for the feedback.

Thanks all for the comments.

It was tough convincing the wife at first, but she now agrees that we made the right choice by waiting. I think I can keep her at bay for a little longer.

If things seem to remain constant for the next 6 to 9 months, we will probably buy next year. Like you all said, mid 2009 could be so bad that even my wife will say, “whoa, this did get worse.” I’m convinced it will, so like someone said, time is only our side. There is probably nothing we will miss by at least waiting another year.

Thanks again for the comments; and no sweat Fletch.

[Stu949]

No Fletch, no problems at all.

TG: yeah, I see your point. Thanks for the feedback.

Thanks all for the comments.

It was tough convincing the wife at first, but she now agrees that we made the right choice by waiting. I think I can keep her at bay for a little longer.

If things seem to remain constant for the next 6 to 9 months, we will probably buy next year. Like you all said, mid 2009 could be so bad that even my wife will say, “whoa, this did get worse.” I’m convinced it will, so like someone said, time is only our side. There is probably nothing we will miss by at least waiting another year.

Thanks again for the comments; and no sweat Fletch.

[Stu949]

No Fletch, no problems at all.

TG: yeah, I see your point. Thanks for the feedback.

Thanks all for the comments.

It was tough convincing the wife at first, but she now agrees that we made the right choice by waiting. I think I can keep her at bay for a little longer.

If things seem to remain constant for the next 6 to 9 months, we will probably buy next year. Like you all said, mid 2009 could be so bad that even my wife will say, “whoa, this did get worse.” I’m convinced it will, so like someone said, time is only our side. There is probably nothing we will miss by at least waiting another year.

Thanks again for the comments; and no sweat Fletch.

[Author]

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