[5yearwaiter]

[quote=Bob]
Recession still has grip on the economy
First-quarter GDP shrinks at worse-than-expected 6.1 percent pace
[/quote]

A real and absolute news that everyone needs to focus on for further investments if any on housing. These are the news hide in conrner or delayed for somereason.

[5yearwaiter]

[quote=Rt.66]Obama just announced on CNBC that the new mall in Temecula is going to bring the nation out of the depression. He specifically mentioned the crowds at PF Changs.[/quote]

How come Obama said the samething at Starbucks that is going to be closed soon!!! 🙂 May be these are the “words for the week”

[5yearwaiter]

[quote=Rt.66]Obama just announced on CNBC that the new mall in Temecula is going to bring the nation out of the depression. He specifically mentioned the crowds at PF Changs.[/quote]

How come Obama said the samething at Starbucks that is going to be closed soon!!! 🙂 May be these are the “words for the week”

[5yearwaiter]

[quote=Rt.66]Obama just announced on CNBC that the new mall in Temecula is going to bring the nation out of the depression. He specifically mentioned the crowds at PF Changs.[/quote]

How come Obama said the samething at Starbucks that is going to be closed soon!!! 🙂 May be these are the “words for the week”

[5yearwaiter]

[quote=Rt.66]Obama just announced on CNBC that the new mall in Temecula is going to bring the nation out of the depression. He specifically mentioned the crowds at PF Changs.[/quote]

How come Obama said the samething at Starbucks that is going to be closed soon!!! 🙂 May be these are the “words for the week”

[5yearwaiter]

[quote=Rt.66]Obama just announced on CNBC that the new mall in Temecula is going to bring the nation out of the depression. He specifically mentioned the crowds at PF Changs.[/quote]

How come Obama said the samething at Starbucks that is going to be closed soon!!! 🙂 May be these are the “words for the week”

[5yearwaiter]

[quote=CA renter]Personally, I don’t want to lose a single cent on a purchase, but if an “acceptable loss” had to be quantified, the total losses would have to be no more than equivalent rent for the same type of house and duration of occupancy.[/quote]

CA renter – you are absolutely correct and this is what the correct understanding our fellow purchasers need to have at the time of house purchasing these days. Honestly this time home buying is more careful than the last time peak price home buyers. Most of them those bought past years (2004- 2006) may not be losing a dime at all due to various attractive baliout vs NODs. But now one has to be prepared to lose minimum 20% loss from their pocket for sure and the future of entire US economy is kid of foggy – it never ever get back to the stream line – though it gets back, not housing surge at all. Keep in mind first the forthcoming era is to increase taxes and interest rates – how long the housing will surge when high interest rates exist? I do agree rent vs home mortgage should be somewhat equivalent level instead losing saved money 20% and further downthe road live life with stress.

[5yearwaiter]

[quote=CA renter]Personally, I don’t want to lose a single cent on a purchase, but if an “acceptable loss” had to be quantified, the total losses would have to be no more than equivalent rent for the same type of house and duration of occupancy.[/quote]

CA renter – you are absolutely correct and this is what the correct understanding our fellow purchasers need to have at the time of house purchasing these days. Honestly this time home buying is more careful than the last time peak price home buyers. Most of them those bought past years (2004- 2006) may not be losing a dime at all due to various attractive baliout vs NODs. But now one has to be prepared to lose minimum 20% loss from their pocket for sure and the future of entire US economy is kid of foggy – it never ever get back to the stream line – though it gets back, not housing surge at all. Keep in mind first the forthcoming era is to increase taxes and interest rates – how long the housing will surge when high interest rates exist? I do agree rent vs home mortgage should be somewhat equivalent level instead losing saved money 20% and further downthe road live life with stress.

[5yearwaiter]

[quote=CA renter]Personally, I don’t want to lose a single cent on a purchase, but if an “acceptable loss” had to be quantified, the total losses would have to be no more than equivalent rent for the same type of house and duration of occupancy.[/quote]

CA renter – you are absolutely correct and this is what the correct understanding our fellow purchasers need to have at the time of house purchasing these days. Honestly this time home buying is more careful than the last time peak price home buyers. Most of them those bought past years (2004- 2006) may not be losing a dime at all due to various attractive baliout vs NODs. But now one has to be prepared to lose minimum 20% loss from their pocket for sure and the future of entire US economy is kid of foggy – it never ever get back to the stream line – though it gets back, not housing surge at all. Keep in mind first the forthcoming era is to increase taxes and interest rates – how long the housing will surge when high interest rates exist? I do agree rent vs home mortgage should be somewhat equivalent level instead losing saved money 20% and further downthe road live life with stress.

[5yearwaiter]

[quote=CA renter]Personally, I don’t want to lose a single cent on a purchase, but if an “acceptable loss” had to be quantified, the total losses would have to be no more than equivalent rent for the same type of house and duration of occupancy.[/quote]

CA renter – you are absolutely correct and this is what the correct understanding our fellow purchasers need to have at the time of house purchasing these days. Honestly this time home buying is more careful than the last time peak price home buyers. Most of them those bought past years (2004- 2006) may not be losing a dime at all due to various attractive baliout vs NODs. But now one has to be prepared to lose minimum 20% loss from their pocket for sure and the future of entire US economy is kid of foggy – it never ever get back to the stream line – though it gets back, not housing surge at all. Keep in mind first the forthcoming era is to increase taxes and interest rates – how long the housing will surge when high interest rates exist? I do agree rent vs home mortgage should be somewhat equivalent level instead losing saved money 20% and further downthe road live life with stress.

[5yearwaiter]

[quote=CA renter]Personally, I don’t want to lose a single cent on a purchase, but if an “acceptable loss” had to be quantified, the total losses would have to be no more than equivalent rent for the same type of house and duration of occupancy.[/quote]

CA renter – you are absolutely correct and this is what the correct understanding our fellow purchasers need to have at the time of house purchasing these days. Honestly this time home buying is more careful than the last time peak price home buyers. Most of them those bought past years (2004- 2006) may not be losing a dime at all due to various attractive baliout vs NODs. But now one has to be prepared to lose minimum 20% loss from their pocket for sure and the future of entire US economy is kid of foggy – it never ever get back to the stream line – though it gets back, not housing surge at all. Keep in mind first the forthcoming era is to increase taxes and interest rates – how long the housing will surge when high interest rates exist? I do agree rent vs home mortgage should be somewhat equivalent level instead losing saved money 20% and further downthe road live life with stress.

[5yearwaiter]

[quote=poorsaver]I would welcome the foreclosure wave around my neighborhood (Diamond Bar, eastern LA county). There’s only one foreclosure listed in a neighborhood of over 700 homes. This explains why prices are holding firm near all time highs. Meanwhile I rent and wait, and wait….[/quote]

Don’t worry – your wait would surely give you some meaningful yield, however you need to be firm on the wait – don’t even get into these cheap tricks giving to us these days as 8K bonanaza etc. The plenty of drops and heavy downturn is ahead

[5yearwaiter]

[quote=poorsaver]I would welcome the foreclosure wave around my neighborhood (Diamond Bar, eastern LA county). There’s only one foreclosure listed in a neighborhood of over 700 homes. This explains why prices are holding firm near all time highs. Meanwhile I rent and wait, and wait….[/quote]

Don’t worry – your wait would surely give you some meaningful yield, however you need to be firm on the wait – don’t even get into these cheap tricks giving to us these days as 8K bonanaza etc. The plenty of drops and heavy downturn is ahead

[5yearwaiter]

[quote=poorsaver]I would welcome the foreclosure wave around my neighborhood (Diamond Bar, eastern LA county). There’s only one foreclosure listed in a neighborhood of over 700 homes. This explains why prices are holding firm near all time highs. Meanwhile I rent and wait, and wait….[/quote]

Don’t worry – your wait would surely give you some meaningful yield, however you need to be firm on the wait – don’t even get into these cheap tricks giving to us these days as 8K bonanaza etc. The plenty of drops and heavy downturn is ahead

[5yearwaiter]

[quote=poorsaver]I would welcome the foreclosure wave around my neighborhood (Diamond Bar, eastern LA county). There’s only one foreclosure listed in a neighborhood of over 700 homes. This explains why prices are holding firm near all time highs. Meanwhile I rent and wait, and wait….[/quote]

Don’t worry – your wait would surely give you some meaningful yield, however you need to be firm on the wait – don’t even get into these cheap tricks giving to us these days as 8K bonanaza etc. The plenty of drops and heavy downturn is ahead

[Author]

Posts