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an
Participant[quote=deadzone]To me the most relevant metric is mortgage payment in relation to equivalent rent and if that is not too far out of line you really can’t go wrong in my opinion.
I’m pretty sure there will be a QE3, QE4…QEn because quite frankly the gov has no choice. The world’s finanacial markets are one giant ponzi scheme and it is in every nations best interests to keep it going to avoid mutual assured destruction. But that said I’m still not convinced that QEs or any other government tricks will keep house prices afloat as they have clearly failed up to now.[/quote]
Totally agree about monthly payment. Which is why I’m saying not all recent buyers are mortgage slaves or have buyer remorse.QEn and other government interventions success as a whole can be debated but it was successful in stopping the slide in 2008. Without it, I was sure we’d have another 20% drop by 2009 and another 10-20% by 2010.
Participant[quote=deadzone][quote=AN]I’m not defensive about my purchase at all. If you read my posts in 2008, I stated I was expecting that i’ll probably lose another 20%. What bothers me is your broad generalization statement. If you consider giving an oposing view as whining then I’m guilty as charged. But that also mean everyone on here are whining.
BTW, if you’re right and and we’ll see a 20% hair cut across the board, then i’ll be one happy camper, since I can buy investment properties near home instead of having to look for them out of town.[/quote]
A lot of people are predicting another 10-20% haricut. What is your prediction and why?[/quote]
Before all the government interventions, I was sure we’ll see another 20% drop quickly but after seeing qe1 and qe2, I can’t really say for sure anymore. Some of the smaller houses around my area would have to lose another 10% just to get back to 2008 price. There were also a lot more reo at rock bottom price in 2008. Reo today have been cleaned up just enough and are listed for around 10% more than in 2008.Participant[quote=deadzone][quote=AN]I’m not defensive about my purchase at all. If you read my posts in 2008, I stated I was expecting that i’ll probably lose another 20%. What bothers me is your broad generalization statement. If you consider giving an oposing view as whining then I’m guilty as charged. But that also mean everyone on here are whining.
BTW, if you’re right and and we’ll see a 20% hair cut across the board, then i’ll be one happy camper, since I can buy investment properties near home instead of having to look for them out of town.[/quote]
A lot of people are predicting another 10-20% haricut. What is your prediction and why?[/quote]
Before all the government interventions, I was sure we’ll see another 20% drop quickly but after seeing qe1 and qe2, I can’t really say for sure anymore. Some of the smaller houses around my area would have to lose another 10% just to get back to 2008 price. There were also a lot more reo at rock bottom price in 2008. Reo today have been cleaned up just enough and are listed for around 10% more than in 2008.Participant[quote=deadzone][quote=AN]I’m not defensive about my purchase at all. If you read my posts in 2008, I stated I was expecting that i’ll probably lose another 20%. What bothers me is your broad generalization statement. If you consider giving an oposing view as whining then I’m guilty as charged. But that also mean everyone on here are whining.
BTW, if you’re right and and we’ll see a 20% hair cut across the board, then i’ll be one happy camper, since I can buy investment properties near home instead of having to look for them out of town.[/quote]
A lot of people are predicting another 10-20% haricut. What is your prediction and why?[/quote]
Before all the government interventions, I was sure we’ll see another 20% drop quickly but after seeing qe1 and qe2, I can’t really say for sure anymore. Some of the smaller houses around my area would have to lose another 10% just to get back to 2008 price. There were also a lot more reo at rock bottom price in 2008. Reo today have been cleaned up just enough and are listed for around 10% more than in 2008.Participant[quote=deadzone][quote=AN]I’m not defensive about my purchase at all. If you read my posts in 2008, I stated I was expecting that i’ll probably lose another 20%. What bothers me is your broad generalization statement. If you consider giving an oposing view as whining then I’m guilty as charged. But that also mean everyone on here are whining.
BTW, if you’re right and and we’ll see a 20% hair cut across the board, then i’ll be one happy camper, since I can buy investment properties near home instead of having to look for them out of town.[/quote]
A lot of people are predicting another 10-20% haricut. What is your prediction and why?[/quote]
Before all the government interventions, I was sure we’ll see another 20% drop quickly but after seeing qe1 and qe2, I can’t really say for sure anymore. Some of the smaller houses around my area would have to lose another 10% just to get back to 2008 price. There were also a lot more reo at rock bottom price in 2008. Reo today have been cleaned up just enough and are listed for around 10% more than in 2008.Participant[quote=deadzone][quote=AN]I’m not defensive about my purchase at all. If you read my posts in 2008, I stated I was expecting that i’ll probably lose another 20%. What bothers me is your broad generalization statement. If you consider giving an oposing view as whining then I’m guilty as charged. But that also mean everyone on here are whining.
BTW, if you’re right and and we’ll see a 20% hair cut across the board, then i’ll be one happy camper, since I can buy investment properties near home instead of having to look for them out of town.[/quote]
A lot of people are predicting another 10-20% haricut. What is your prediction and why?[/quote]
Before all the government interventions, I was sure we’ll see another 20% drop quickly but after seeing qe1 and qe2, I can’t really say for sure anymore. Some of the smaller houses around my area would have to lose another 10% just to get back to 2008 price. There were also a lot more reo at rock bottom price in 2008. Reo today have been cleaned up just enough and are listed for around 10% more than in 2008.Participant[quote=deadzone][quote=AN]I’m not defensive about my purchase at all. If you read my posts in 2008, I stated I was expecting that i’ll probably lose another 20%. What bothers me is your broad generalization statement. If you consider giving an oposing view as whining then I’m guilty as charged. But that also mean everyone on here are whining.
BTW, if you’re right and and we’ll see a 20% hair cut across the board, then i’ll be one happy camper, since I can buy investment properties near home instead of having to look for them out of town.[/quote]
If you bought in 08, how much have are you down right now?[/quote]
I’ m up between 0-3% based on recent comps. My monthly piti over the last 3 years have been ~$100 less than comparable rents. My house came with all dual pane vinyl Windows, so its a little more efficient than 30 years old windows.Participant[quote=deadzone][quote=AN]I’m not defensive about my purchase at all. If you read my posts in 2008, I stated I was expecting that i’ll probably lose another 20%. What bothers me is your broad generalization statement. If you consider giving an oposing view as whining then I’m guilty as charged. But that also mean everyone on here are whining.
BTW, if you’re right and and we’ll see a 20% hair cut across the board, then i’ll be one happy camper, since I can buy investment properties near home instead of having to look for them out of town.[/quote]
If you bought in 08, how much have are you down right now?[/quote]
I’ m up between 0-3% based on recent comps. My monthly piti over the last 3 years have been ~$100 less than comparable rents. My house came with all dual pane vinyl Windows, so its a little more efficient than 30 years old windows.Participant[quote=deadzone][quote=AN]I’m not defensive about my purchase at all. If you read my posts in 2008, I stated I was expecting that i’ll probably lose another 20%. What bothers me is your broad generalization statement. If you consider giving an oposing view as whining then I’m guilty as charged. But that also mean everyone on here are whining.
BTW, if you’re right and and we’ll see a 20% hair cut across the board, then i’ll be one happy camper, since I can buy investment properties near home instead of having to look for them out of town.[/quote]
If you bought in 08, how much have are you down right now?[/quote]
I’ m up between 0-3% based on recent comps. My monthly piti over the last 3 years have been ~$100 less than comparable rents. My house came with all dual pane vinyl Windows, so its a little more efficient than 30 years old windows.Participant[quote=deadzone][quote=AN]I’m not defensive about my purchase at all. If you read my posts in 2008, I stated I was expecting that i’ll probably lose another 20%. What bothers me is your broad generalization statement. If you consider giving an oposing view as whining then I’m guilty as charged. But that also mean everyone on here are whining.
BTW, if you’re right and and we’ll see a 20% hair cut across the board, then i’ll be one happy camper, since I can buy investment properties near home instead of having to look for them out of town.[/quote]
If you bought in 08, how much have are you down right now?[/quote]
I’ m up between 0-3% based on recent comps. My monthly piti over the last 3 years have been ~$100 less than comparable rents. My house came with all dual pane vinyl Windows, so its a little more efficient than 30 years old windows.Participant[quote=deadzone][quote=AN]I’m not defensive about my purchase at all. If you read my posts in 2008, I stated I was expecting that i’ll probably lose another 20%. What bothers me is your broad generalization statement. If you consider giving an oposing view as whining then I’m guilty as charged. But that also mean everyone on here are whining.
BTW, if you’re right and and we’ll see a 20% hair cut across the board, then i’ll be one happy camper, since I can buy investment properties near home instead of having to look for them out of town.[/quote]
If you bought in 08, how much have are you down right now?[/quote]
I’ m up between 0-3% based on recent comps. My monthly piti over the last 3 years have been ~$100 less than comparable rents. My house came with all dual pane vinyl Windows, so its a little more efficient than 30 years old windows.ParticipantI’m not defensive about my purchase at all. If you read my posts in 2008, I stated I was expecting that i’ll probably lose another 20%. What bothers me is your broad generalization statement. If you consider giving an oposing view as whining then I’m guilty as charged. But that also mean everyone on here are whining.
BTW, if you’re right and and we’ll see a 20% hair cut across the board, then i’ll be one happy camper, since I can buy investment properties near home instead of having to look for them out of town.
ParticipantI’m not defensive about my purchase at all. If you read my posts in 2008, I stated I was expecting that i’ll probably lose another 20%. What bothers me is your broad generalization statement. If you consider giving an oposing view as whining then I’m guilty as charged. But that also mean everyone on here are whining.
BTW, if you’re right and and we’ll see a 20% hair cut across the board, then i’ll be one happy camper, since I can buy investment properties near home instead of having to look for them out of town.
ParticipantI’m not defensive about my purchase at all. If you read my posts in 2008, I stated I was expecting that i’ll probably lose another 20%. What bothers me is your broad generalization statement. If you consider giving an oposing view as whining then I’m guilty as charged. But that also mean everyone on here are whining.
BTW, if you’re right and and we’ll see a 20% hair cut across the board, then i’ll be one happy camper, since I can buy investment properties near home instead of having to look for them out of town.
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