Forum Replies Created
-
AuthorPosts
-
May 22, 2008 at 3:05 PM in reply to: Now tell me the Fed is not causing the current commodity crisis. #210109May 22, 2008 at 3:05 PM in reply to: Now tell me the Fed is not causing the current commodity crisis. #210145
(former)FormerSanDiegan
ParticipantAll I see is two uncorrelated graphs that happen to be upward trending at the same time.
Funny, this reminded me of the relationship between the number of pirates and global temperatures.
[img_assist|nid=7654|title=Pirates are cool|desc=|link=node|align=left|width=466|height=326]
Participantwhy would anyone buy today when they can wait for a year and get a lower priced house??
Why would anyone get married if they know there’s a greater than 50% chance of divorce ?
Why does anyone buy lottery tickets when they know the odds are against them ?
The truth is we do not know the future, but we can asses the chances of what might happen and take calculated risks. Right now the probability that prices are lower at some point in the next 12 months is significantly greater than the probability that prices will be higher.
For someone with a decent cash cushion or a huge retirement account, the non-financial benefits of buying might be worth the risk. After all, 30% of the downside has already been taken out in many of the areas you are talking about. Another 10-20% down side risk might be palatable for some people depending on their financial position. To others (cash-poor first-time buyers) that kind of risk is not palatable for the non-financial benefits they might receive.
Participantwhy would anyone buy today when they can wait for a year and get a lower priced house??
Why would anyone get married if they know there’s a greater than 50% chance of divorce ?
Why does anyone buy lottery tickets when they know the odds are against them ?
The truth is we do not know the future, but we can asses the chances of what might happen and take calculated risks. Right now the probability that prices are lower at some point in the next 12 months is significantly greater than the probability that prices will be higher.
For someone with a decent cash cushion or a huge retirement account, the non-financial benefits of buying might be worth the risk. After all, 30% of the downside has already been taken out in many of the areas you are talking about. Another 10-20% down side risk might be palatable for some people depending on their financial position. To others (cash-poor first-time buyers) that kind of risk is not palatable for the non-financial benefits they might receive.
Participantwhy would anyone buy today when they can wait for a year and get a lower priced house??
Why would anyone get married if they know there’s a greater than 50% chance of divorce ?
Why does anyone buy lottery tickets when they know the odds are against them ?
The truth is we do not know the future, but we can asses the chances of what might happen and take calculated risks. Right now the probability that prices are lower at some point in the next 12 months is significantly greater than the probability that prices will be higher.
For someone with a decent cash cushion or a huge retirement account, the non-financial benefits of buying might be worth the risk. After all, 30% of the downside has already been taken out in many of the areas you are talking about. Another 10-20% down side risk might be palatable for some people depending on their financial position. To others (cash-poor first-time buyers) that kind of risk is not palatable for the non-financial benefits they might receive.
Participantwhy would anyone buy today when they can wait for a year and get a lower priced house??
Why would anyone get married if they know there’s a greater than 50% chance of divorce ?
Why does anyone buy lottery tickets when they know the odds are against them ?
The truth is we do not know the future, but we can asses the chances of what might happen and take calculated risks. Right now the probability that prices are lower at some point in the next 12 months is significantly greater than the probability that prices will be higher.
For someone with a decent cash cushion or a huge retirement account, the non-financial benefits of buying might be worth the risk. After all, 30% of the downside has already been taken out in many of the areas you are talking about. Another 10-20% down side risk might be palatable for some people depending on their financial position. To others (cash-poor first-time buyers) that kind of risk is not palatable for the non-financial benefits they might receive.
Participantwhy would anyone buy today when they can wait for a year and get a lower priced house??
Why would anyone get married if they know there’s a greater than 50% chance of divorce ?
Why does anyone buy lottery tickets when they know the odds are against them ?
The truth is we do not know the future, but we can asses the chances of what might happen and take calculated risks. Right now the probability that prices are lower at some point in the next 12 months is significantly greater than the probability that prices will be higher.
For someone with a decent cash cushion or a huge retirement account, the non-financial benefits of buying might be worth the risk. After all, 30% of the downside has already been taken out in many of the areas you are talking about. Another 10-20% down side risk might be palatable for some people depending on their financial position. To others (cash-poor first-time buyers) that kind of risk is not palatable for the non-financial benefits they might receive.
ParticipantI have been one of the biggest re bears out there. I just put in my first offer. Why? After my 20% down and the tax break I would be under my current rent.
Bingo ! What part of the County are you talking about ?
This has always been the threshold I have used. We bought our first house in Clairemont near the bottom of the last cycle by using that very same logic. Except, we didn’t have 20% down. We had 5%. Because of that, buying was slightly more expensive (about $175 per month, equal to our car payment at the time) than renting with 5% down.ParticipantI have been one of the biggest re bears out there. I just put in my first offer. Why? After my 20% down and the tax break I would be under my current rent.
Bingo ! What part of the County are you talking about ?
This has always been the threshold I have used. We bought our first house in Clairemont near the bottom of the last cycle by using that very same logic. Except, we didn’t have 20% down. We had 5%. Because of that, buying was slightly more expensive (about $175 per month, equal to our car payment at the time) than renting with 5% down.ParticipantI have been one of the biggest re bears out there. I just put in my first offer. Why? After my 20% down and the tax break I would be under my current rent.
Bingo ! What part of the County are you talking about ?
This has always been the threshold I have used. We bought our first house in Clairemont near the bottom of the last cycle by using that very same logic. Except, we didn’t have 20% down. We had 5%. Because of that, buying was slightly more expensive (about $175 per month, equal to our car payment at the time) than renting with 5% down.ParticipantI have been one of the biggest re bears out there. I just put in my first offer. Why? After my 20% down and the tax break I would be under my current rent.
Bingo ! What part of the County are you talking about ?
This has always been the threshold I have used. We bought our first house in Clairemont near the bottom of the last cycle by using that very same logic. Except, we didn’t have 20% down. We had 5%. Because of that, buying was slightly more expensive (about $175 per month, equal to our car payment at the time) than renting with 5% down.ParticipantI have been one of the biggest re bears out there. I just put in my first offer. Why? After my 20% down and the tax break I would be under my current rent.
Bingo ! What part of the County are you talking about ?
This has always been the threshold I have used. We bought our first house in Clairemont near the bottom of the last cycle by using that very same logic. Except, we didn’t have 20% down. We had 5%. Because of that, buying was slightly more expensive (about $175 per month, equal to our car payment at the time) than renting with 5% down.ParticipantI don’t think we are at a pricing bottom. However, I don’t think the market will look/feel/seem much different than it does now when that pricing bottom occurs. It won’t be obvious at the time that it has bottomed, only in retrospect.
ParticipantI don’t think we are at a pricing bottom. However, I don’t think the market will look/feel/seem much different than it does now when that pricing bottom occurs. It won’t be obvious at the time that it has bottomed, only in retrospect.
ParticipantI don’t think we are at a pricing bottom. However, I don’t think the market will look/feel/seem much different than it does now when that pricing bottom occurs. It won’t be obvious at the time that it has bottomed, only in retrospect.
-
AuthorPosts
