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  • August 10, 2011 at 7:55 AM #718200
    rent4now
    Participant

    If we moved into a house with a mortgage less than our rent we would live in a lot worse area and smaller house.
    Right now we rent in a great neighborhood but in a smaller townhouse.

    I have kids so we need to find an area with good schools too. We would have a lot more choices if schools were not a factor.

    August 10, 2011 at 8:30 AM #717033
    DomoArigato
    Participant

    The GSE and FHA conforming loan limits are slated to drop by $100,000+ on October 1. Plus, minimum down payments may also be going up.

    I would advise at least waiting until December to see how prices shake out. I don’t see any catalyst that would cause prices to go up in the near term, but there are a lot of things going on that could drive prices down.

    August 10, 2011 at 8:30 AM #717124
    DomoArigato
    Participant

    The GSE and FHA conforming loan limits are slated to drop by $100,000+ on October 1. Plus, minimum down payments may also be going up.

    I would advise at least waiting until December to see how prices shake out. I don’t see any catalyst that would cause prices to go up in the near term, but there are a lot of things going on that could drive prices down.

    August 10, 2011 at 8:30 AM #717720
    DomoArigato
    Participant

    The GSE and FHA conforming loan limits are slated to drop by $100,000+ on October 1. Plus, minimum down payments may also be going up.

    I would advise at least waiting until December to see how prices shake out. I don’t see any catalyst that would cause prices to go up in the near term, but there are a lot of things going on that could drive prices down.

    August 10, 2011 at 8:30 AM #717869
    DomoArigato
    Participant

    The GSE and FHA conforming loan limits are slated to drop by $100,000+ on October 1. Plus, minimum down payments may also be going up.

    I would advise at least waiting until December to see how prices shake out. I don’t see any catalyst that would cause prices to go up in the near term, but there are a lot of things going on that could drive prices down.

    August 10, 2011 at 8:30 AM #718230
    DomoArigato
    Participant

    The GSE and FHA conforming loan limits are slated to drop by $100,000+ on October 1. Plus, minimum down payments may also be going up.

    I would advise at least waiting until December to see how prices shake out. I don’t see any catalyst that would cause prices to go up in the near term, but there are a lot of things going on that could drive prices down.

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