Renters are foolish??? “5 lousy excuses not to buy a home” . . . per MSN

[masayako]

Chris,

We know you are special, Chris.

Aside from that…

Personally, I just think there are better things to ‘buy’ with my money than a house. Like I haven’t explained that before. Is it that hard to get the idea across the board here..?

Really it comes down to… whatever floats your boat. If you don’t mind/don’t care the trend of home price going south, go buy a house and live happy. Really. Who am I (or anyone else here) to stop someone from pursuing his/her happiness? If buying a house at any cost is more important than risking of losing equity. Go buy a house. I don’t see a problem with that at all. I’m just not one of them crowds.

Masayako

[PerryChase]

Chris sounds like the type of person whose net worth affords him to take a 30% loss on his house; or keep and enjoy the house long enough for the market to come back.

Most people who buy middle to upper middle class houses put everything they have in their homes. Those people won’t easily weather a 30% downturn.

Personally, I’d rather not take a loss on my house and spend that money on my own personal enjoyment (vacations, etc..), save it, or give it to charity. Why give it to the previous seller? To me, part of the enjoyment of a home is feeling confident I got a great deal.

For example, when you go to foreign countries where bargaining is common place, you might feel “ripped-off” if a vendor sells you some jewelry for 5 times the local price. It’s not a big deal because as a rich American, the cost is still less than what you’d pay at the mall at home. You can very well afford it but knowing you were “ripped-off” still takes away from your enjoyment. It’s just human nature to want a fair, if not great, deal.

How do you feel if you buy a plane ticket for $1,500 and your seat mate only paid $500? It’s all a question of timing (suppose it’s your own money and not the corporation’s money).

[sdrealtor]

PC,
Dont ever buy a car or a TV. Does anyone ever feel like they get a good deal on one. As soon as you get one you see it in the paper a week or two later for less.

Me I prefer to buy things that I want and can afford after taking the time to get the best for my money at the point in time I make the decision to buy.

sdr

[kev374]

Unfortunately most people are so brainwashed to think that buying a house is always the right thing to do that they will just about do anything which includes taking the suicide loans. Right now the value equation for buying a house is not only gone it’s totally blown out of the water any way you look at it!!!

[sdrealtor]

Unfortunately most people are so brainwashed to think that people only buy houses in San Diego and perhaps SoCal. That was an article with a national audience and I suspect the fundamentals are far different as you go from place to place.

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