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kev374
ParticipantDon’t need to wait for the absolute bottom of this thing because the rate of decline is not uniform throughout the period.. maximum declines will take place 2008 and 2009, after that the rate of decline will drop drastically and taper out. My guess 2009 Q4 will be the optimum time to start shopping. That is 2 yrs from now, not too bad to prep up because the I’m thinking the losses would have been so great that the lending standards are going to be NO BS at that time.
Unless of course Uncle Ben starts running the printing presses again and inflates the currency but then purchasing a home is going to be the least of our problems!!!
ParticipantRather than use inflation, a more accurate way to track this is to use the average ratio of income to home price.
ParticipantRather than use inflation, a more accurate way to track this is to use the average ratio of income to home price.
ParticipantRather than use inflation, a more accurate way to track this is to use the average ratio of income to home price.
ParticipantRather than use inflation, a more accurate way to track this is to use the average ratio of income to home price.
ParticipantRather than use inflation, a more accurate way to track this is to use the average ratio of income to home price.
ParticipantMark Holmes, there are many people who make major life decisions (such as purchase of a home) without any due diligence. I know someone who paid $5000 over MSRP for a Toyota Corolla because the salesman told her it was a “good deal”, when they are selling all over the place for $200 over invoice. Shopping for stuff by “monthly payment” has become the American way.
Here is proof that there are fiscally ignorant people around:
http://money.cnn.com/2007/12/24/pf/moneymakeover_january.moneymag/index.htm?postversion=2007122411
ParticipantMark Holmes, there are many people who make major life decisions (such as purchase of a home) without any due diligence. I know someone who paid $5000 over MSRP for a Toyota Corolla because the salesman told her it was a “good deal”, when they are selling all over the place for $200 over invoice. Shopping for stuff by “monthly payment” has become the American way.
Here is proof that there are fiscally ignorant people around:
http://money.cnn.com/2007/12/24/pf/moneymakeover_january.moneymag/index.htm?postversion=2007122411
ParticipantMark Holmes, there are many people who make major life decisions (such as purchase of a home) without any due diligence. I know someone who paid $5000 over MSRP for a Toyota Corolla because the salesman told her it was a “good deal”, when they are selling all over the place for $200 over invoice. Shopping for stuff by “monthly payment” has become the American way.
Here is proof that there are fiscally ignorant people around:
http://money.cnn.com/2007/12/24/pf/moneymakeover_january.moneymag/index.htm?postversion=2007122411
ParticipantMark Holmes, there are many people who make major life decisions (such as purchase of a home) without any due diligence. I know someone who paid $5000 over MSRP for a Toyota Corolla because the salesman told her it was a “good deal”, when they are selling all over the place for $200 over invoice. Shopping for stuff by “monthly payment” has become the American way.
Here is proof that there are fiscally ignorant people around:
http://money.cnn.com/2007/12/24/pf/moneymakeover_january.moneymag/index.htm?postversion=2007122411
ParticipantMark Holmes, there are many people who make major life decisions (such as purchase of a home) without any due diligence. I know someone who paid $5000 over MSRP for a Toyota Corolla because the salesman told her it was a “good deal”, when they are selling all over the place for $200 over invoice. Shopping for stuff by “monthly payment” has become the American way.
Here is proof that there are fiscally ignorant people around:
http://money.cnn.com/2007/12/24/pf/moneymakeover_january.moneymag/index.htm?postversion=2007122411
ParticipantMy score fluctuates between 785 and 810. Who knows why? And I don’t even care, as long as it’s above 720 it’s terrific!
ParticipantMy score fluctuates between 785 and 810. Who knows why? And I don’t even care, as long as it’s above 720 it’s terrific!
ParticipantMy score fluctuates between 785 and 810. Who knows why? And I don’t even care, as long as it’s above 720 it’s terrific!
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