Super Nervous about Buying

[scaredyclassic]

Wait if the rule is don’t buy if you’re nervous about it I would never have bought a house. I say go for it. Wait. Jeez. I don’t know. It’s kinda netvewracling. Ummm. No. Don’t. Ok. Go ahead just do it. No!!!! Wait!!! Don’t!

[SD Realtor]

So is it advisable for all those looking into getting in the market to have 1yr+ of cash reserves?

How many people have the kind of cash after 20% down+closing costs? lol

********

Well not many but if that was the golden rule about buying then prices would be much lower and people would not think of home ownership as an entitlement… What is the point of buying if you are gonna lay awake every night worrying about it? Just rent until you are less stressed.

[SD Realtor]

So is it advisable for all those looking into getting in the market to have 1yr+ of cash reserves?

How many people have the kind of cash after 20% down+closing costs? lol

********

Well not many but if that was the golden rule about buying then prices would be much lower and people would not think of home ownership as an entitlement… What is the point of buying if you are gonna lay awake every night worrying about it? Just rent until you are less stressed.

[SD Realtor]

So is it advisable for all those looking into getting in the market to have 1yr+ of cash reserves?

How many people have the kind of cash after 20% down+closing costs? lol

********

Well not many but if that was the golden rule about buying then prices would be much lower and people would not think of home ownership as an entitlement… What is the point of buying if you are gonna lay awake every night worrying about it? Just rent until you are less stressed.

[SD Realtor]

So is it advisable for all those looking into getting in the market to have 1yr+ of cash reserves?

How many people have the kind of cash after 20% down+closing costs? lol

********

Well not many but if that was the golden rule about buying then prices would be much lower and people would not think of home ownership as an entitlement… What is the point of buying if you are gonna lay awake every night worrying about it? Just rent until you are less stressed.

[SD Realtor]

So is it advisable for all those looking into getting in the market to have 1yr+ of cash reserves?

How many people have the kind of cash after 20% down+closing costs? lol

********

Well not many but if that was the golden rule about buying then prices would be much lower and people would not think of home ownership as an entitlement… What is the point of buying if you are gonna lay awake every night worrying about it? Just rent until you are less stressed.

[svelte]

If the economy is going full tilt and everything looks fine on the national horizon, then the old 6 month rule probably applies.

But as we all know that is not the case now. I agree with the rest of the Piggs, 1+ year of mortgage payments after you are done with closing costs (even if that’s less than 20% down).

As for waiting…I probably would at this point simply because things seem so unsettled at the moment. I’d re-evaluate in 3-6 months to see how things look then. But Walter’s point is a good one – if I too had waited until I was perfectly comfortable, I would never have bought. Sometimes you just have to hold your breath, close your eyes, and do it.

[svelte]

If the economy is going full tilt and everything looks fine on the national horizon, then the old 6 month rule probably applies.

But as we all know that is not the case now. I agree with the rest of the Piggs, 1+ year of mortgage payments after you are done with closing costs (even if that’s less than 20% down).

As for waiting…I probably would at this point simply because things seem so unsettled at the moment. I’d re-evaluate in 3-6 months to see how things look then. But Walter’s point is a good one – if I too had waited until I was perfectly comfortable, I would never have bought. Sometimes you just have to hold your breath, close your eyes, and do it.

[svelte]

If the economy is going full tilt and everything looks fine on the national horizon, then the old 6 month rule probably applies.

But as we all know that is not the case now. I agree with the rest of the Piggs, 1+ year of mortgage payments after you are done with closing costs (even if that’s less than 20% down).

As for waiting…I probably would at this point simply because things seem so unsettled at the moment. I’d re-evaluate in 3-6 months to see how things look then. But Walter’s point is a good one – if I too had waited until I was perfectly comfortable, I would never have bought. Sometimes you just have to hold your breath, close your eyes, and do it.

[svelte]

If the economy is going full tilt and everything looks fine on the national horizon, then the old 6 month rule probably applies.

But as we all know that is not the case now. I agree with the rest of the Piggs, 1+ year of mortgage payments after you are done with closing costs (even if that’s less than 20% down).

As for waiting…I probably would at this point simply because things seem so unsettled at the moment. I’d re-evaluate in 3-6 months to see how things look then. But Walter’s point is a good one – if I too had waited until I was perfectly comfortable, I would never have bought. Sometimes you just have to hold your breath, close your eyes, and do it.

[svelte]

If the economy is going full tilt and everything looks fine on the national horizon, then the old 6 month rule probably applies.

But as we all know that is not the case now. I agree with the rest of the Piggs, 1+ year of mortgage payments after you are done with closing costs (even if that’s less than 20% down).

As for waiting…I probably would at this point simply because things seem so unsettled at the moment. I’d re-evaluate in 3-6 months to see how things look then. But Walter’s point is a good one – if I too had waited until I was perfectly comfortable, I would never have bought. Sometimes you just have to hold your breath, close your eyes, and do it.

[rent4now]

I think waiting right now is a good thing. Its hard to find a good house in the mid to lower price range. Its amazing how quickly a good house goes even in this environment!

Of the people who have bought in the last 2yrs how many of you had 1+yrs of cash reserve?

[rent4now]

I think waiting right now is a good thing. Its hard to find a good house in the mid to lower price range. Its amazing how quickly a good house goes even in this environment!

Of the people who have bought in the last 2yrs how many of you had 1+yrs of cash reserve?

[rent4now]

I think waiting right now is a good thing. Its hard to find a good house in the mid to lower price range. Its amazing how quickly a good house goes even in this environment!

Of the people who have bought in the last 2yrs how many of you had 1+yrs of cash reserve?

[rent4now]

I think waiting right now is a good thing. Its hard to find a good house in the mid to lower price range. Its amazing how quickly a good house goes even in this environment!

Of the people who have bought in the last 2yrs how many of you had 1+yrs of cash reserve?

[Author]

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