The purchase dilemma

[gb]

The bottom is very close. Unless you can time perfectly it makes sense to buy now. See above link from the NY times.

[Huckleberry]

gb, you’re stoned. There is no possible way you have convinced anyone here that now is the time to purchase.

We all read about the market everyday and know exactly what the numbers are telling us. A bottom will not be in until at least the end of 09 and more possibly until 2011 when all of the Alt-A and option ARM’s start resetting.

Nice try though…

[Huckleberry]

gb, you’re stoned. There is no possible way you have convinced anyone here that now is the time to purchase.

We all read about the market everyday and know exactly what the numbers are telling us. A bottom will not be in until at least the end of 09 and more possibly until 2011 when all of the Alt-A and option ARM’s start resetting.

Nice try though…

[Huckleberry]

gb, you’re stoned. There is no possible way you have convinced anyone here that now is the time to purchase.

We all read about the market everyday and know exactly what the numbers are telling us. A bottom will not be in until at least the end of 09 and more possibly until 2011 when all of the Alt-A and option ARM’s start resetting.

Nice try though…

[Huckleberry]

gb, you’re stoned. There is no possible way you have convinced anyone here that now is the time to purchase.

We all read about the market everyday and know exactly what the numbers are telling us. A bottom will not be in until at least the end of 09 and more possibly until 2011 when all of the Alt-A and option ARM’s start resetting.

Nice try though…

[Huckleberry]

gb, you’re stoned. There is no possible way you have convinced anyone here that now is the time to purchase.

We all read about the market everyday and know exactly what the numbers are telling us. A bottom will not be in until at least the end of 09 and more possibly until 2011 when all of the Alt-A and option ARM’s start resetting.

Nice try though…

[jumbo]

I spend a lot of time on the various rent v. buy calculators on the web and play with appreciation (or lack thereof) and time of ownership assumptions. Some calculators are better than others, but I like this one even though there is no interest loan option: http://mortgages.interest.com/content/calculators/rentvsbuy.asp

Currently, my rent in Carmel Valley is $3800 after a recent 9% raise. I could buy the house for about a $1M. I’d put down 20-30% and do a 5 year IO ARM. With a combined state-federal tax bracket close to 40%, the tax savings is in the ballpark of $2k per month. I’d probably have better monthly cash flow owning–of course those unplanned maintenance costs can bite you. My cash from selling my last house is only doing 3% these days.

Whether I win owning in the end depends on when I sell and how much appreciation I have to offset the cost of sale. If the current job goes away and I decide to sell and move within the next few years, I could lose. I was fortunately able to sell last year after only owning 2 years and break even.

We’ll probably buy in CV sometime over the next year.

[jumbo]

I spend a lot of time on the various rent v. buy calculators on the web and play with appreciation (or lack thereof) and time of ownership assumptions. Some calculators are better than others, but I like this one even though there is no interest loan option: http://mortgages.interest.com/content/calculators/rentvsbuy.asp

Currently, my rent in Carmel Valley is $3800 after a recent 9% raise. I could buy the house for about a $1M. I’d put down 20-30% and do a 5 year IO ARM. With a combined state-federal tax bracket close to 40%, the tax savings is in the ballpark of $2k per month. I’d probably have better monthly cash flow owning–of course those unplanned maintenance costs can bite you. My cash from selling my last house is only doing 3% these days.

Whether I win owning in the end depends on when I sell and how much appreciation I have to offset the cost of sale. If the current job goes away and I decide to sell and move within the next few years, I could lose. I was fortunately able to sell last year after only owning 2 years and break even.

We’ll probably buy in CV sometime over the next year.

[jumbo]

I spend a lot of time on the various rent v. buy calculators on the web and play with appreciation (or lack thereof) and time of ownership assumptions. Some calculators are better than others, but I like this one even though there is no interest loan option: http://mortgages.interest.com/content/calculators/rentvsbuy.asp

Currently, my rent in Carmel Valley is $3800 after a recent 9% raise. I could buy the house for about a $1M. I’d put down 20-30% and do a 5 year IO ARM. With a combined state-federal tax bracket close to 40%, the tax savings is in the ballpark of $2k per month. I’d probably have better monthly cash flow owning–of course those unplanned maintenance costs can bite you. My cash from selling my last house is only doing 3% these days.

Whether I win owning in the end depends on when I sell and how much appreciation I have to offset the cost of sale. If the current job goes away and I decide to sell and move within the next few years, I could lose. I was fortunately able to sell last year after only owning 2 years and break even.

We’ll probably buy in CV sometime over the next year.

[jumbo]

I spend a lot of time on the various rent v. buy calculators on the web and play with appreciation (or lack thereof) and time of ownership assumptions. Some calculators are better than others, but I like this one even though there is no interest loan option: http://mortgages.interest.com/content/calculators/rentvsbuy.asp

Currently, my rent in Carmel Valley is $3800 after a recent 9% raise. I could buy the house for about a $1M. I’d put down 20-30% and do a 5 year IO ARM. With a combined state-federal tax bracket close to 40%, the tax savings is in the ballpark of $2k per month. I’d probably have better monthly cash flow owning–of course those unplanned maintenance costs can bite you. My cash from selling my last house is only doing 3% these days.

Whether I win owning in the end depends on when I sell and how much appreciation I have to offset the cost of sale. If the current job goes away and I decide to sell and move within the next few years, I could lose. I was fortunately able to sell last year after only owning 2 years and break even.

We’ll probably buy in CV sometime over the next year.

[jumbo]

I spend a lot of time on the various rent v. buy calculators on the web and play with appreciation (or lack thereof) and time of ownership assumptions. Some calculators are better than others, but I like this one even though there is no interest loan option: http://mortgages.interest.com/content/calculators/rentvsbuy.asp

Currently, my rent in Carmel Valley is $3800 after a recent 9% raise. I could buy the house for about a $1M. I’d put down 20-30% and do a 5 year IO ARM. With a combined state-federal tax bracket close to 40%, the tax savings is in the ballpark of $2k per month. I’d probably have better monthly cash flow owning–of course those unplanned maintenance costs can bite you. My cash from selling my last house is only doing 3% these days.

Whether I win owning in the end depends on when I sell and how much appreciation I have to offset the cost of sale. If the current job goes away and I decide to sell and move within the next few years, I could lose. I was fortunately able to sell last year after only owning 2 years and break even.

We’ll probably buy in CV sometime over the next year.

[gb]

I have made $$ owning property, but have never made any renting. Many that sit on the sidelines will invariable wish they had bought yesterday and will miss the next wave. Doesn’t Buffet say something like sell when most are buying and buy when most are selling?

[gb]

I have made $$ owning property, but have never made any renting. Many that sit on the sidelines will invariable wish they had bought yesterday and will miss the next wave. Doesn’t Buffet say something like sell when most are buying and buy when most are selling?

[gb]

I have made $$ owning property, but have never made any renting. Many that sit on the sidelines will invariable wish they had bought yesterday and will miss the next wave. Doesn’t Buffet say something like sell when most are buying and buy when most are selling?

[gb]

I have made $$ owning property, but have never made any renting. Many that sit on the sidelines will invariable wish they had bought yesterday and will miss the next wave. Doesn’t Buffet say something like sell when most are buying and buy when most are selling?

[Author]

Posts