[ironman]

I have a solution to her problem:

Sell the loan to the mob, then you will see how quckly she will make good on the money she borrowed. My guess is that she would vacate the house in pristine condition, cover up the difference from the short sale, and be very happy while doing it.

Ironman

[ironman]

I have a solution to her problem:

Sell the loan to the mob, then you will see how quckly she will make good on the money she borrowed. My guess is that she would vacate the house in pristine condition, cover up the difference from the short sale, and be very happy while doing it.

Ironman

[ironman]

I have a solution to her problem:

Sell the loan to the mob, then you will see how quckly she will make good on the money she borrowed. My guess is that she would vacate the house in pristine condition, cover up the difference from the short sale, and be very happy while doing it.

Ironman

[ironman]

I have a solution to her problem:

Sell the loan to the mob, then you will see how quckly she will make good on the money she borrowed. My guess is that she would vacate the house in pristine condition, cover up the difference from the short sale, and be very happy while doing it.

Ironman

[ironman]

I have a solution to her problem:

Sell the loan to the mob, then you will see how quckly she will make good on the money she borrowed. My guess is that she would vacate the house in pristine condition, cover up the difference from the short sale, and be very happy while doing it.

Ironman

[ironman]

Enorah,

It helps me if I decouple the amount of money that I spent on a possible house purchase like that (in terms of loss or cost to own):

Money lost (interest , HOA, mello roos , maintenance ) – money saved (principal payment) + house depreciation

House appreciation / depreciation is unknown (just kidding – 10% is pretty much in the bag, negative of course)
Everything else is deterministic, so make appreciation flat (just for fun) and see for 1 year what you would have spent/saved. Then try with depreciation at 10 %.
You get a number which is your yearly cost to own. Compare it with yearly cost to rent for similar house in similar neighborhood.
Then you can judge how delaying your buying for 1 year would affect you financially.

My advice is to pick a neighborhood that you would like to buy in and find a house to rent. In 1 year you re-evaluate your buying desire again (financially). You can even buy the house that you rented much cheaper plus you would have some money saved.

Ironman

[ironman]

Enorah,

It helps me if I decouple the amount of money that I spent on a possible house purchase like that (in terms of loss or cost to own):

Money lost (interest , HOA, mello roos , maintenance ) – money saved (principal payment) + house depreciation

House appreciation / depreciation is unknown (just kidding – 10% is pretty much in the bag, negative of course)
Everything else is deterministic, so make appreciation flat (just for fun) and see for 1 year what you would have spent/saved. Then try with depreciation at 10 %.
You get a number which is your yearly cost to own. Compare it with yearly cost to rent for similar house in similar neighborhood.
Then you can judge how delaying your buying for 1 year would affect you financially.

My advice is to pick a neighborhood that you would like to buy in and find a house to rent. In 1 year you re-evaluate your buying desire again (financially). You can even buy the house that you rented much cheaper plus you would have some money saved.

Ironman

[ironman]

Enorah,

It helps me if I decouple the amount of money that I spent on a possible house purchase like that (in terms of loss or cost to own):

Money lost (interest , HOA, mello roos , maintenance ) – money saved (principal payment) + house depreciation

House appreciation / depreciation is unknown (just kidding – 10% is pretty much in the bag, negative of course)
Everything else is deterministic, so make appreciation flat (just for fun) and see for 1 year what you would have spent/saved. Then try with depreciation at 10 %.
You get a number which is your yearly cost to own. Compare it with yearly cost to rent for similar house in similar neighborhood.
Then you can judge how delaying your buying for 1 year would affect you financially.

My advice is to pick a neighborhood that you would like to buy in and find a house to rent. In 1 year you re-evaluate your buying desire again (financially). You can even buy the house that you rented much cheaper plus you would have some money saved.

Ironman

[ironman]

Enorah,

It helps me if I decouple the amount of money that I spent on a possible house purchase like that (in terms of loss or cost to own):

Money lost (interest , HOA, mello roos , maintenance ) – money saved (principal payment) + house depreciation

House appreciation / depreciation is unknown (just kidding – 10% is pretty much in the bag, negative of course)
Everything else is deterministic, so make appreciation flat (just for fun) and see for 1 year what you would have spent/saved. Then try with depreciation at 10 %.
You get a number which is your yearly cost to own. Compare it with yearly cost to rent for similar house in similar neighborhood.
Then you can judge how delaying your buying for 1 year would affect you financially.

My advice is to pick a neighborhood that you would like to buy in and find a house to rent. In 1 year you re-evaluate your buying desire again (financially). You can even buy the house that you rented much cheaper plus you would have some money saved.

Ironman

[ironman]

Enorah,

It helps me if I decouple the amount of money that I spent on a possible house purchase like that (in terms of loss or cost to own):

Money lost (interest , HOA, mello roos , maintenance ) – money saved (principal payment) + house depreciation

House appreciation / depreciation is unknown (just kidding – 10% is pretty much in the bag, negative of course)
Everything else is deterministic, so make appreciation flat (just for fun) and see for 1 year what you would have spent/saved. Then try with depreciation at 10 %.
You get a number which is your yearly cost to own. Compare it with yearly cost to rent for similar house in similar neighborhood.
Then you can judge how delaying your buying for 1 year would affect you financially.

My advice is to pick a neighborhood that you would like to buy in and find a house to rent. In 1 year you re-evaluate your buying desire again (financially). You can even buy the house that you rented much cheaper plus you would have some money saved.

Ironman

[ironman]

sdgldnbear ,

If today’s market price is say low 600K , can you afford to sell? And if you could, would you pay the difference from your pocket ? (by saying goodbye to your downpayment , if you had any, or coming up with the difference at closing)

Ironman

[ironman]

sdgldnbear ,

If today’s market price is say low 600K , can you afford to sell? And if you could, would you pay the difference from your pocket ? (by saying goodbye to your downpayment , if you had any, or coming up with the difference at closing)

Ironman

[ironman]

sdgldnbear ,

If today’s market price is say low 600K , can you afford to sell? And if you could, would you pay the difference from your pocket ? (by saying goodbye to your downpayment , if you had any, or coming up with the difference at closing)

Ironman

[ironman]

sdgldnbear ,

If today’s market price is say low 600K , can you afford to sell? And if you could, would you pay the difference from your pocket ? (by saying goodbye to your downpayment , if you had any, or coming up with the difference at closing)

Ironman

[ironman]

sdgldnbear ,

If today’s market price is say low 600K , can you afford to sell? And if you could, would you pay the difference from your pocket ? (by saying goodbye to your downpayment , if you had any, or coming up with the difference at closing)

Ironman

[Author]

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