[massey]

[quote=equalizer]
Except sellers just read your post and will raise prices a little, maybe 5%.
[/quote]

Fat chance of that strategy succeeding right now.

It’s a buyer’s market. If it weren’t there would be no need for the fed to monetize debt to push the rates so low in the first place. At best this will “stabilize” the prices where they are now. Net effect, though, is a discount to the buyer. Isn’t it cool how the Fed can force all these self-deluding owners to discount their properties without their consent or participation?

[massey]

[quote=equalizer]
Except sellers just read your post and will raise prices a little, maybe 5%.
[/quote]

Fat chance of that strategy succeeding right now.

It’s a buyer’s market. If it weren’t there would be no need for the fed to monetize debt to push the rates so low in the first place. At best this will “stabilize” the prices where they are now. Net effect, though, is a discount to the buyer. Isn’t it cool how the Fed can force all these self-deluding owners to discount their properties without their consent or participation?

[massey]

[quote=equalizer]
Except sellers just read your post and will raise prices a little, maybe 5%.
[/quote]

Fat chance of that strategy succeeding right now.

It’s a buyer’s market. If it weren’t there would be no need for the fed to monetize debt to push the rates so low in the first place. At best this will “stabilize” the prices where they are now. Net effect, though, is a discount to the buyer. Isn’t it cool how the Fed can force all these self-deluding owners to discount their properties without their consent or participation?

[massey]

[quote=equalizer]
Except sellers just read your post and will raise prices a little, maybe 5%.
[/quote]

Fat chance of that strategy succeeding right now.

It’s a buyer’s market. If it weren’t there would be no need for the fed to monetize debt to push the rates so low in the first place. At best this will “stabilize” the prices where they are now. Net effect, though, is a discount to the buyer. Isn’t it cool how the Fed can force all these self-deluding owners to discount their properties without their consent or participation?

[massey]

[quote=equalizer]
Except sellers just read your post and will raise prices a little, maybe 5%.
[/quote]

Fat chance of that strategy succeeding right now.

It’s a buyer’s market. If it weren’t there would be no need for the fed to monetize debt to push the rates so low in the first place. At best this will “stabilize” the prices where they are now. Net effect, though, is a discount to the buyer. Isn’t it cool how the Fed can force all these self-deluding owners to discount their properties without their consent or participation?

[massey]

These are good rates, when you add in the First Time Buyers 10k tax credit its a good deal. Now its still a matter of finding the bottom of the housing market. A better price is better than a great rate.

That depends how much you’re expecting the prices to fall.

I did a rough calculation and came up with these equivalences in terms of total cash outflow (assuming 30yr fixed):

300k @ 6% = 355k @ 4.5%
536k @ 6% = 635k @ 4.5%

Those are fairly sizable discounts.

Hopefully what we will see is both a rate decrease AND these ultra low rates. Of course that might mean the world is about to end, though.

[massey]

These are good rates, when you add in the First Time Buyers 10k tax credit its a good deal. Now its still a matter of finding the bottom of the housing market. A better price is better than a great rate.

That depends how much you’re expecting the prices to fall.

I did a rough calculation and came up with these equivalences in terms of total cash outflow (assuming 30yr fixed):

300k @ 6% = 355k @ 4.5%
536k @ 6% = 635k @ 4.5%

Those are fairly sizable discounts.

Hopefully what we will see is both a rate decrease AND these ultra low rates. Of course that might mean the world is about to end, though.

[massey]

These are good rates, when you add in the First Time Buyers 10k tax credit its a good deal. Now its still a matter of finding the bottom of the housing market. A better price is better than a great rate.

That depends how much you’re expecting the prices to fall.

I did a rough calculation and came up with these equivalences in terms of total cash outflow (assuming 30yr fixed):

300k @ 6% = 355k @ 4.5%
536k @ 6% = 635k @ 4.5%

Those are fairly sizable discounts.

Hopefully what we will see is both a rate decrease AND these ultra low rates. Of course that might mean the world is about to end, though.

[massey]

These are good rates, when you add in the First Time Buyers 10k tax credit its a good deal. Now its still a matter of finding the bottom of the housing market. A better price is better than a great rate.

That depends how much you’re expecting the prices to fall.

I did a rough calculation and came up with these equivalences in terms of total cash outflow (assuming 30yr fixed):

300k @ 6% = 355k @ 4.5%
536k @ 6% = 635k @ 4.5%

Those are fairly sizable discounts.

Hopefully what we will see is both a rate decrease AND these ultra low rates. Of course that might mean the world is about to end, though.

[massey]

These are good rates, when you add in the First Time Buyers 10k tax credit its a good deal. Now its still a matter of finding the bottom of the housing market. A better price is better than a great rate.

That depends how much you’re expecting the prices to fall.

I did a rough calculation and came up with these equivalences in terms of total cash outflow (assuming 30yr fixed):

300k @ 6% = 355k @ 4.5%
536k @ 6% = 635k @ 4.5%

Those are fairly sizable discounts.

Hopefully what we will see is both a rate decrease AND these ultra low rates. Of course that might mean the world is about to end, though.

[massey]

Is there any way to participate in the court house step sales if you intend to finance the property with a loan, or must you have the sale price in cash?

[massey]

Is there any way to participate in the court house step sales if you intend to finance the property with a loan, or must you have the sale price in cash?

[massey]

Is there any way to participate in the court house step sales if you intend to finance the property with a loan, or must you have the sale price in cash?

[massey]

Is there any way to participate in the court house step sales if you intend to finance the property with a loan, or must you have the sale price in cash?

[massey]

Is there any way to participate in the court house step sales if you intend to finance the property with a loan, or must you have the sale price in cash?

[Author]

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