- This topic has 12 replies, 9 voices, and was last updated 17 years, 3 months ago by
waitingpatiently.
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October 1, 2007 at 8:33 AM #10464October 1, 2007 at 9:07 AM #86555
lendingbubblecontinues
ParticipantIt’ll be a great Christmas in our household…oh yeah, that’s because we rent. I love the irony which is beginning to unfold before our eyes….jealous bitter renters are beginning to carry the day.
Now I’m looking forward to seeing some brokers, realtors, appraisers, complicit buyers/sellers, etc., go to prison for all the fraudulent transactions these past several years…I’m not holding my breath, though.
October 1, 2007 at 9:12 AM #86556temeculaguy
ParticipantBitter renter has such negative connotations, we are changing it to “Reverse Flipper.” It sounds more proactive, see the chowderhead thread for a definition.
October 1, 2007 at 12:17 PM #86582VoZangre
ParticipantCommon Sense ( sic)
How then does one convince the BTB (bride to be)
that, while unopposed to her dreams of homeownership,
this is simply a BAD time to be buying… and that our current
renter condition is actually wise/thrifty?Help me!!!!!!
😉
What matters most
is how well you
walk through the fire…October 1, 2007 at 2:37 PM #86622little lady
ParticipantWhere is scitzo?
October 1, 2007 at 4:29 PM #86639noone
ParticipantVoZangre
Start by asking her to read te “Bubble Primer” on this site.
Next take a look at a spreadsheet like the one that nweaver posted recently to show the differences between renting and buying.
http://www.icsi.berkeley.edu/~nweaver/buy_v_rent.xls
Make sure to assume negative home appreciation, at least for the next year or two. Look at some of the “monitor” topics in the forums here as well to show that prices are in fact on their way down.
http://piggington.com/the_short_sale_monitor
http://piggington.com/carmel_valley_monitor
http://piggington.com/scripps_and_mira_mesa_monitorRead up on stories of people who have bought homes recently intending to refinance before their adjustable rate reset. Now a number of factors have come into play that prevent them from refinancing. If they cannot afford the adjusted payment, they either have to sell at a loss or face foreclosure. The housing bubble blog is always good for these stories.
October 1, 2007 at 4:39 PM #86640schizo2buyORnot
ParticipantI’m here . . . you need something?
In search of a crystal ball . . . .
October 1, 2007 at 4:53 PM #86641ParticipantWhen You’re In love…
with an irrational woman…
thanks noone!
am hoping to wear her down with stubborn refusal to discuss teh matter further until she educates herself about the matter…
What matters most
is how well you
walk through the fire…October 1, 2007 at 5:03 PM #86643patientlywaiting
ParticipantGet the wife to read Piggington, and economic reaports??!! ha.ahha.ha.
She’ll say, “but that’s your job honey. I need a place to decorate and make my own.”
Get a list of all the friends, acquaintances and co-workers you know. Find out what they bought for and the current comps. Better yet, find out what their loan balances are and how upside down they might be.
Pick a very expensive restaurant and tell the wife “see Linda and Gary are upside down that’s why they won’t have sushi with us this Friday.”
Nothing makes a woman happier than to be “better and smarter” than her friends. Plus seeing someone close to her face foreclosure will strike fear in her.
Buy her a big new diamond engagement ring if necessary. At least diamonds and platinum are appreciating.
October 1, 2007 at 5:24 PM #86646Participant“I’m here . . . you need something?”
Haha, your funny……..lol
No crystal but, but I have a pair of binoculars you can borrow….lol
October 1, 2007 at 5:36 PM #86647kewp
ParticipantAll good advice.
Something I’ve been telling myself (and others), is that it makes alot more sense to save money, invest and then buy more house for less than jump in now.
I know, I know, deferred gratification. Thats crazy talk!
October 1, 2007 at 5:42 PM #86648ParticipantLookin Out for Me!
You guys are sweeeet!
That’s a pretty accurate bwahahahahahahaha…
I went with a ruby engagment ring rather than diamond.
Something tells me once she SLOWLY learns what we’ll be able to – coughs- afford now, with what we’ll be able to save up and afford a bit later…
But then again listening to those voices in my head
has garnered me many the sideways glance in the past.What matters most
is how well you
walk through the fire…October 1, 2007 at 6:35 PM #86653waitingpatiently
ParticipantGet her to read Piggington…..
The only way I keep myself sane is by reading this blog everynight….
A few years of sacrafice will be expotentionally rewarded!!!
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