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DWCAP
ParticipantNot to be offensive here or anything, but why does it seem that so many wifes here are ready to buy just because the market has gone down a few percent? Ok, the value of not having to move with kids (schools, friends etc.) is understood, but still. I know some people who bought houses as rentals 10-30 years ago, and want nothing more than someone who will stay and be good to their place. One was VERY sad when the renter of 8+ years finally moved. My own landlord jumped at the chance to keep me in my place, with NO rent increase. Seems odd to me that you have to move every year or two, but then I am not married or have kids, so maybe I am missing something?
Whenever I hear someone say the “Its a great time to buy, how much do you think this market will go down!” I think of a UT story I read not too long after I moved to SD. A guy moved out of his long term rental and bought a condo in Poway area. He got like $20000 off the price tag and was sure he nailed a great deal. Now look where condo’s are. I know you cant time the bottom, and it is more important that you like where you live, but buying out of fear of having to move again, or being unable to paint the walls any color you want, or that you will never be able to afford anything in a crashing market (Just read the damn paper people, it isnt going UP!) seems more like fear tactics then sound financial planning.ParticipantNot to be offensive here or anything, but why does it seem that so many wifes here are ready to buy just because the market has gone down a few percent? Ok, the value of not having to move with kids (schools, friends etc.) is understood, but still. I know some people who bought houses as rentals 10-30 years ago, and want nothing more than someone who will stay and be good to their place. One was VERY sad when the renter of 8+ years finally moved. My own landlord jumped at the chance to keep me in my place, with NO rent increase. Seems odd to me that you have to move every year or two, but then I am not married or have kids, so maybe I am missing something?
Whenever I hear someone say the “Its a great time to buy, how much do you think this market will go down!” I think of a UT story I read not too long after I moved to SD. A guy moved out of his long term rental and bought a condo in Poway area. He got like $20000 off the price tag and was sure he nailed a great deal. Now look where condo’s are. I know you cant time the bottom, and it is more important that you like where you live, but buying out of fear of having to move again, or being unable to paint the walls any color you want, or that you will never be able to afford anything in a crashing market (Just read the damn paper people, it isnt going UP!) seems more like fear tactics then sound financial planning.ParticipantNot to be offensive here or anything, but why does it seem that so many wifes here are ready to buy just because the market has gone down a few percent? Ok, the value of not having to move with kids (schools, friends etc.) is understood, but still. I know some people who bought houses as rentals 10-30 years ago, and want nothing more than someone who will stay and be good to their place. One was VERY sad when the renter of 8+ years finally moved. My own landlord jumped at the chance to keep me in my place, with NO rent increase. Seems odd to me that you have to move every year or two, but then I am not married or have kids, so maybe I am missing something?
Whenever I hear someone say the “Its a great time to buy, how much do you think this market will go down!” I think of a UT story I read not too long after I moved to SD. A guy moved out of his long term rental and bought a condo in Poway area. He got like $20000 off the price tag and was sure he nailed a great deal. Now look where condo’s are. I know you cant time the bottom, and it is more important that you like where you live, but buying out of fear of having to move again, or being unable to paint the walls any color you want, or that you will never be able to afford anything in a crashing market (Just read the damn paper people, it isnt going UP!) seems more like fear tactics then sound financial planning.ParticipantNot to be offensive here or anything, but why does it seem that so many wifes here are ready to buy just because the market has gone down a few percent? Ok, the value of not having to move with kids (schools, friends etc.) is understood, but still. I know some people who bought houses as rentals 10-30 years ago, and want nothing more than someone who will stay and be good to their place. One was VERY sad when the renter of 8+ years finally moved. My own landlord jumped at the chance to keep me in my place, with NO rent increase. Seems odd to me that you have to move every year or two, but then I am not married or have kids, so maybe I am missing something?
Whenever I hear someone say the “Its a great time to buy, how much do you think this market will go down!” I think of a UT story I read not too long after I moved to SD. A guy moved out of his long term rental and bought a condo in Poway area. He got like $20000 off the price tag and was sure he nailed a great deal. Now look where condo’s are. I know you cant time the bottom, and it is more important that you like where you live, but buying out of fear of having to move again, or being unable to paint the walls any color you want, or that you will never be able to afford anything in a crashing market (Just read the damn paper people, it isnt going UP!) seems more like fear tactics then sound financial planning.Participantjimmyle
Nice newer home, but they have only come down ~10% from their high first asking price to their new low. Give it another year and they will have to come down alot more than that. They will get down into the mid 400’s when this is all said and done. That is still a 100G appreciation over the purchase price.Participantjimmyle
Nice newer home, but they have only come down ~10% from their high first asking price to their new low. Give it another year and they will have to come down alot more than that. They will get down into the mid 400’s when this is all said and done. That is still a 100G appreciation over the purchase price.Participantjimmyle
Nice newer home, but they have only come down ~10% from their high first asking price to their new low. Give it another year and they will have to come down alot more than that. They will get down into the mid 400’s when this is all said and done. That is still a 100G appreciation over the purchase price.Participantjimmyle
Nice newer home, but they have only come down ~10% from their high first asking price to their new low. Give it another year and they will have to come down alot more than that. They will get down into the mid 400’s when this is all said and done. That is still a 100G appreciation over the purchase price.Participantjimmyle
Nice newer home, but they have only come down ~10% from their high first asking price to their new low. Give it another year and they will have to come down alot more than that. They will get down into the mid 400’s when this is all said and done. That is still a 100G appreciation over the purchase price.ParticipantI rent in MM and I can say that the rent on my house hasnt changed in over two years. I have been here for over a year now and just resigned for another at the same rate. I also know it didnt change from the last renter who was here in 05-06. It isnt an amazing house or anything, but no change between 05-08 is a long time. But what does the LL care? They bought forever ago and it produces cash, monthy. Why worry about an extra $50 and possible push good tenants out?
ParticipantI rent in MM and I can say that the rent on my house hasnt changed in over two years. I have been here for over a year now and just resigned for another at the same rate. I also know it didnt change from the last renter who was here in 05-06. It isnt an amazing house or anything, but no change between 05-08 is a long time. But what does the LL care? They bought forever ago and it produces cash, monthy. Why worry about an extra $50 and possible push good tenants out?
ParticipantI rent in MM and I can say that the rent on my house hasnt changed in over two years. I have been here for over a year now and just resigned for another at the same rate. I also know it didnt change from the last renter who was here in 05-06. It isnt an amazing house or anything, but no change between 05-08 is a long time. But what does the LL care? They bought forever ago and it produces cash, monthy. Why worry about an extra $50 and possible push good tenants out?
ParticipantI rent in MM and I can say that the rent on my house hasnt changed in over two years. I have been here for over a year now and just resigned for another at the same rate. I also know it didnt change from the last renter who was here in 05-06. It isnt an amazing house or anything, but no change between 05-08 is a long time. But what does the LL care? They bought forever ago and it produces cash, monthy. Why worry about an extra $50 and possible push good tenants out?
ParticipantI rent in MM and I can say that the rent on my house hasnt changed in over two years. I have been here for over a year now and just resigned for another at the same rate. I also know it didnt change from the last renter who was here in 05-06. It isnt an amazing house or anything, but no change between 05-08 is a long time. But what does the LL care? They bought forever ago and it produces cash, monthy. Why worry about an extra $50 and possible push good tenants out?
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