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December 6, 2007 at 8:23 AM #110322December 6, 2007 at 8:23 AM #110326(former)FormerSanDieganParticipant
Would it be better to buy near the bottom, or miss the bottom and end up having to buy a bit higher?
Answer: It is clearly the latter
Taking into account the time value of money, it’s better to buy after the initial stages of the upswing, than to try to buy when things are still going down. Your probability of experiencing further declines is much higher when prices are still declining. Once prices have made the turn positive, history shows that there is plenty of time to catch more upside.
December 6, 2007 at 8:26 AM #110169(former)FormerSanDieganParticipantOne other thing:
Mr./Ms. IamNamedAfteraStreetonWhichIamMarketingProperty
There are plenty of homeowners, including owners of rental property (myself included) that post regularly on this board.
December 6, 2007 at 8:26 AM #110285(former)FormerSanDieganParticipantOne other thing:
Mr./Ms. IamNamedAfteraStreetonWhichIamMarketingProperty
There are plenty of homeowners, including owners of rental property (myself included) that post regularly on this board.
December 6, 2007 at 8:26 AM #110314(former)FormerSanDieganParticipantOne other thing:
Mr./Ms. IamNamedAfteraStreetonWhichIamMarketingProperty
There are plenty of homeowners, including owners of rental property (myself included) that post regularly on this board.
December 6, 2007 at 8:26 AM #110332(former)FormerSanDieganParticipantOne other thing:
Mr./Ms. IamNamedAfteraStreetonWhichIamMarketingProperty
There are plenty of homeowners, including owners of rental property (myself included) that post regularly on this board.
December 6, 2007 at 8:26 AM #110335(former)FormerSanDieganParticipantOne other thing:
Mr./Ms. IamNamedAfteraStreetonWhichIamMarketingProperty
There are plenty of homeowners, including owners of rental property (myself included) that post regularly on this board.
December 6, 2007 at 8:35 AM #110174SHILOHParticipantHow will the ‘rate freeze’ affect the bottom? Won’t it drag it out further than 2011? Especially w/ boomers retiring? The current plan applies to owner occupied homes and would apply to borrowers with loans made at the start of 2005 through July 30 of this year with rates that are scheduled to rise between Jan. 1, 2008, and July 31, 2010. When the loans begin resetting beyond 2010, will the homes have gained enough equity for home owners to afford them, even if their income had had not climbed much in five years?
Also, does anyone know what % of the resets are owner occupied? And will this rate affect new loans?December 6, 2007 at 8:35 AM #110290SHILOHParticipantHow will the ‘rate freeze’ affect the bottom? Won’t it drag it out further than 2011? Especially w/ boomers retiring? The current plan applies to owner occupied homes and would apply to borrowers with loans made at the start of 2005 through July 30 of this year with rates that are scheduled to rise between Jan. 1, 2008, and July 31, 2010. When the loans begin resetting beyond 2010, will the homes have gained enough equity for home owners to afford them, even if their income had had not climbed much in five years?
Also, does anyone know what % of the resets are owner occupied? And will this rate affect new loans?December 6, 2007 at 8:35 AM #110319SHILOHParticipantHow will the ‘rate freeze’ affect the bottom? Won’t it drag it out further than 2011? Especially w/ boomers retiring? The current plan applies to owner occupied homes and would apply to borrowers with loans made at the start of 2005 through July 30 of this year with rates that are scheduled to rise between Jan. 1, 2008, and July 31, 2010. When the loans begin resetting beyond 2010, will the homes have gained enough equity for home owners to afford them, even if their income had had not climbed much in five years?
Also, does anyone know what % of the resets are owner occupied? And will this rate affect new loans?December 6, 2007 at 8:35 AM #110337SHILOHParticipantHow will the ‘rate freeze’ affect the bottom? Won’t it drag it out further than 2011? Especially w/ boomers retiring? The current plan applies to owner occupied homes and would apply to borrowers with loans made at the start of 2005 through July 30 of this year with rates that are scheduled to rise between Jan. 1, 2008, and July 31, 2010. When the loans begin resetting beyond 2010, will the homes have gained enough equity for home owners to afford them, even if their income had had not climbed much in five years?
Also, does anyone know what % of the resets are owner occupied? And will this rate affect new loans?December 6, 2007 at 8:35 AM #110340SHILOHParticipantHow will the ‘rate freeze’ affect the bottom? Won’t it drag it out further than 2011? Especially w/ boomers retiring? The current plan applies to owner occupied homes and would apply to borrowers with loans made at the start of 2005 through July 30 of this year with rates that are scheduled to rise between Jan. 1, 2008, and July 31, 2010. When the loans begin resetting beyond 2010, will the homes have gained enough equity for home owners to afford them, even if their income had had not climbed much in five years?
Also, does anyone know what % of the resets are owner occupied? And will this rate affect new loans?December 6, 2007 at 8:53 AM #110194North15ParticipantThis chart identifies the mental state at the bottom:
December 6, 2007 at 8:53 AM #110310North15ParticipantThis chart identifies the mental state at the bottom:
December 6, 2007 at 8:53 AM #110341North15ParticipantThis chart identifies the mental state at the bottom:
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