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October 10, 2007 at 10:54 PM #87982October 10, 2007 at 10:54 PM #87986
Doofrat
ParticipantCooprider14,
I’ll buy a house today, and in four years compared to you I’ll have:
* Saved a bunch in taxes because I can write off my payments on my taxes
* Saved all that money you’re throwing away in rent
* Made money on the appreciation on the house when the market picks back up (and from the granite countertops I plan to add)
* I’ll be living in a house, and you’ll be priced out and probably have to live in your car, or move to North Dakota to afford a house
* You’re SO will have left you because you didn’t provide a
stable nest to live in with a good school districtThis is what my Realtor Suzanne told me and she’s researched it.
October 11, 2007 at 3:54 AM #87995Ex-SD
Participantdoofrat: That looks like a clip that was directed by Joseph Goebbels.
ROTFLMAOMakes you want to run out and buy a home, doesn’t it?
October 11, 2007 at 3:54 AM #87999Participantdoofrat: That looks like a clip that was directed by Joseph Goebbels.
ROTFLMAOMakes you want to run out and buy a home, doesn’t it?
October 11, 2007 at 4:50 AM #87996pertinazzio
ParticipantSo most people are predicting that this will take some time to play out specially in the “stickier” (i.e. better areas). I am wondering whether the resolve of stubborn sellers could be cracked if waves of wisecracking bears started working with ” buyer agents” (yeah like they represent you) and then just started offering the prices now that they want for 2012 or whenever.
Beatus ille qui procul negotiis … paterna rura bobus exercet suis, solutus omni fenore….. Horace
October 11, 2007 at 4:50 AM #88001ParticipantSo most people are predicting that this will take some time to play out specially in the “stickier” (i.e. better areas). I am wondering whether the resolve of stubborn sellers could be cracked if waves of wisecracking bears started working with ” buyer agents” (yeah like they represent you) and then just started offering the prices now that they want for 2012 or whenever.
Beatus ille qui procul negotiis … paterna rura bobus exercet suis, solutus omni fenore….. Horace
October 11, 2007 at 9:55 AM #88038gn
ParticipantI am wondering whether the resolve of stubborn sellers could be cracked if waves of wisecracking bears started working with " buyer agents" (yeah like they represent you) and then just started offering the prices now that they want for 2012 or whenever.
The bears don't have to do anything. In a free market, whenever sellers far outnumber buyers, prices will falls.
It's inevitable.
October 11, 2007 at 9:55 AM #88043ParticipantI am wondering whether the resolve of stubborn sellers could be cracked if waves of wisecracking bears started working with " buyer agents" (yeah like they represent you) and then just started offering the prices now that they want for 2012 or whenever.
The bears don't have to do anything. In a free market, whenever sellers far outnumber buyers, prices will falls.
It's inevitable.
October 11, 2007 at 9:59 AM #88040JWM in SD
Participant“a drop is likely. guessing the decline is as futile as predicting the original bubble.”
Why? Just because you don’t want to acknowledge the possibility?
Too Bad.
October 11, 2007 at 9:59 AM #88045Participant“a drop is likely. guessing the decline is as futile as predicting the original bubble.”
Why? Just because you don’t want to acknowledge the possibility?
Too Bad.
October 11, 2007 at 9:59 AM #88042farbet
ParticipantRepeat after me. “Greater fools are still buying”
why would sellers reduce?October 11, 2007 at 9:59 AM #88047ParticipantRepeat after me. “Greater fools are still buying”
why would sellers reduce?October 11, 2007 at 10:31 AM #88060cr
Participantdoofrat-
Are you serious? You must be if you’re getting your real estate facts from someone as inherently wise, superbly intelligent and deeply researched as a realtor.
Nonetheless, it’s probably not worth it to refute your clear lack of information, but WTH. You said:
* Saved a bunch in taxes because I can write off my payments on my taxes
Okay, but who paid those taxes? What about maintenance, HOA, Mello Roos, repairs, and don’t forget how much you pay even with the tax benefits.* Saved all that money you’re throwing away in rent
How YOU save money I AM spending is beyond me, but unless you’re paying a $1000/mo mortgage, I doubt you’re saving more than me.* Made money on the appreciation on the house when the market picks back up (and from the granite countertops I plan to add)
You’re joking, right? Appreciation in today’s market? You must have that confused with depreciation. Even if it was flat you’d be losing money to inflation, and be better off saving.* I’ll be living in a house, and you’ll be priced out and probably have to live in your car, or move to North Dakota to afford a house
You’ll be living in a house that even if you can afford, will be worth less than you paid for it, and I’ll be saving money so when people like you go into foreclosure I buy it at a discount from the bank who repossesed it from you.* You’re SO will have left you because you didn’t provide a stable nest to live in with a good school district
LOL – I didn’t know you were on such good terms with my SO to be able to determine their level of materialism.Look if you want to buy, don’t let me stop you. Just don’t expect me to bail you out when you can’t afford it, sell it, or refinance.
I’m sure your realtor explained all of that to you already though. House prices NEVER go down right? Right…
October 11, 2007 at 10:31 AM #88065Participantdoofrat-
Are you serious? You must be if you’re getting your real estate facts from someone as inherently wise, superbly intelligent and deeply researched as a realtor.
Nonetheless, it’s probably not worth it to refute your clear lack of information, but WTH. You said:
* Saved a bunch in taxes because I can write off my payments on my taxes
Okay, but who paid those taxes? What about maintenance, HOA, Mello Roos, repairs, and don’t forget how much you pay even with the tax benefits.* Saved all that money you’re throwing away in rent
How YOU save money I AM spending is beyond me, but unless you’re paying a $1000/mo mortgage, I doubt you’re saving more than me.* Made money on the appreciation on the house when the market picks back up (and from the granite countertops I plan to add)
You’re joking, right? Appreciation in today’s market? You must have that confused with depreciation. Even if it was flat you’d be losing money to inflation, and be better off saving.* I’ll be living in a house, and you’ll be priced out and probably have to live in your car, or move to North Dakota to afford a house
You’ll be living in a house that even if you can afford, will be worth less than you paid for it, and I’ll be saving money so when people like you go into foreclosure I buy it at a discount from the bank who repossesed it from you.* You’re SO will have left you because you didn’t provide a stable nest to live in with a good school district
LOL – I didn’t know you were on such good terms with my SO to be able to determine their level of materialism.Look if you want to buy, don’t let me stop you. Just don’t expect me to bail you out when you can’t afford it, sell it, or refinance.
I’m sure your realtor explained all of that to you already though. House prices NEVER go down right? Right…
October 11, 2007 at 10:37 AM #88064poorgradstudent
ParticipantA popular rhetorical question around here is “who are the buyers who will step in if prices drop X%?”
*raises hand*
I’m graduating with my PhD this late spring/early summer (’08). Assuming I can find a job in my field, I’ll immediately start saving for a down payment. If prices fall 50% from their peak, you’re damn certain I will have bought when they were down 40%.
That said, they’re still way too high for me to afford on my expected future salary, which is above the median. I still think 50% is a bit high for what the final number will be, but time will tell.
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