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August 5, 2008 at 6:20 PM in reply to: What is a sensible criteria to determine when to pull the trigger? #253132August 5, 2008 at 6:20 PM in reply to: What is a sensible criteria to determine when to pull the trigger? #253141
Navydoc
ParticipantSorry sdr, sometimes I just can’t resist a little medical humor. Besides, don’t you know it’s dangerous to eat and blog at the same time?
August 5, 2008 at 6:20 PM in reply to: What is a sensible criteria to determine when to pull the trigger? #253199Navydoc
ParticipantSorry sdr, sometimes I just can’t resist a little medical humor. Besides, don’t you know it’s dangerous to eat and blog at the same time?
August 5, 2008 at 6:20 PM in reply to: What is a sensible criteria to determine when to pull the trigger? #253203Navydoc
ParticipantSorry sdr, sometimes I just can’t resist a little medical humor. Besides, don’t you know it’s dangerous to eat and blog at the same time?
August 5, 2008 at 10:38 AM in reply to: What is a sensible criteria to determine when to pull the trigger? #252694Navydoc
ParticipantI look at it this way: the longer I wait the nicer the house I can afford becomes. Whatever happens to the market, I’m going to be looking in the 700-850k range. Last year when I started posting that meant a 2400 sq ft North county house built around 1998 or so. Now that money buys 3000+ sq ft built in 2004+. I will be buying in the Spring. Why? Because I need to, and if my fingers get a little bit bloody I’m willing to accept it if I find a home I’m happy to retire in. Besides, I’m an Obstetrician, I’m used to bloody fingers.
I guess the bottom line is, you buy when you feel it’s time to buy. I posted in another thread a few days ago that taking a small depreciation on real estate may come to be viewed as more or less normal. Waiting until the “perfect” time may prove to be impossible.
August 5, 2008 at 10:38 AM in reply to: What is a sensible criteria to determine when to pull the trigger? #252863Navydoc
ParticipantI look at it this way: the longer I wait the nicer the house I can afford becomes. Whatever happens to the market, I’m going to be looking in the 700-850k range. Last year when I started posting that meant a 2400 sq ft North county house built around 1998 or so. Now that money buys 3000+ sq ft built in 2004+. I will be buying in the Spring. Why? Because I need to, and if my fingers get a little bit bloody I’m willing to accept it if I find a home I’m happy to retire in. Besides, I’m an Obstetrician, I’m used to bloody fingers.
I guess the bottom line is, you buy when you feel it’s time to buy. I posted in another thread a few days ago that taking a small depreciation on real estate may come to be viewed as more or less normal. Waiting until the “perfect” time may prove to be impossible.
August 5, 2008 at 10:38 AM in reply to: What is a sensible criteria to determine when to pull the trigger? #252872Navydoc
ParticipantI look at it this way: the longer I wait the nicer the house I can afford becomes. Whatever happens to the market, I’m going to be looking in the 700-850k range. Last year when I started posting that meant a 2400 sq ft North county house built around 1998 or so. Now that money buys 3000+ sq ft built in 2004+. I will be buying in the Spring. Why? Because I need to, and if my fingers get a little bit bloody I’m willing to accept it if I find a home I’m happy to retire in. Besides, I’m an Obstetrician, I’m used to bloody fingers.
I guess the bottom line is, you buy when you feel it’s time to buy. I posted in another thread a few days ago that taking a small depreciation on real estate may come to be viewed as more or less normal. Waiting until the “perfect” time may prove to be impossible.
August 5, 2008 at 10:38 AM in reply to: What is a sensible criteria to determine when to pull the trigger? #252929Navydoc
ParticipantI look at it this way: the longer I wait the nicer the house I can afford becomes. Whatever happens to the market, I’m going to be looking in the 700-850k range. Last year when I started posting that meant a 2400 sq ft North county house built around 1998 or so. Now that money buys 3000+ sq ft built in 2004+. I will be buying in the Spring. Why? Because I need to, and if my fingers get a little bit bloody I’m willing to accept it if I find a home I’m happy to retire in. Besides, I’m an Obstetrician, I’m used to bloody fingers.
I guess the bottom line is, you buy when you feel it’s time to buy. I posted in another thread a few days ago that taking a small depreciation on real estate may come to be viewed as more or less normal. Waiting until the “perfect” time may prove to be impossible.
August 5, 2008 at 10:38 AM in reply to: What is a sensible criteria to determine when to pull the trigger? #252935Navydoc
ParticipantI look at it this way: the longer I wait the nicer the house I can afford becomes. Whatever happens to the market, I’m going to be looking in the 700-850k range. Last year when I started posting that meant a 2400 sq ft North county house built around 1998 or so. Now that money buys 3000+ sq ft built in 2004+. I will be buying in the Spring. Why? Because I need to, and if my fingers get a little bit bloody I’m willing to accept it if I find a home I’m happy to retire in. Besides, I’m an Obstetrician, I’m used to bloody fingers.
I guess the bottom line is, you buy when you feel it’s time to buy. I posted in another thread a few days ago that taking a small depreciation on real estate may come to be viewed as more or less normal. Waiting until the “perfect” time may prove to be impossible.
Navydoc
ParticipantI’m not sure condescending is quite the right word, but the way we use the term implies someone who believes the market has bottomed despite overwhelming evidence to the contrary.
There may actually be nothing wrong with being a knife catcher in real estate in the future. Every person who buys an automobile, unless it’s a rare collector car, is buying a depreciating asset. I have a feeling that someday we may start to view buying a home as more similar to buying a car.
Navydoc
ParticipantI’m not sure condescending is quite the right word, but the way we use the term implies someone who believes the market has bottomed despite overwhelming evidence to the contrary.
There may actually be nothing wrong with being a knife catcher in real estate in the future. Every person who buys an automobile, unless it’s a rare collector car, is buying a depreciating asset. I have a feeling that someday we may start to view buying a home as more similar to buying a car.
Navydoc
ParticipantI’m not sure condescending is quite the right word, but the way we use the term implies someone who believes the market has bottomed despite overwhelming evidence to the contrary.
There may actually be nothing wrong with being a knife catcher in real estate in the future. Every person who buys an automobile, unless it’s a rare collector car, is buying a depreciating asset. I have a feeling that someday we may start to view buying a home as more similar to buying a car.
Navydoc
ParticipantI’m not sure condescending is quite the right word, but the way we use the term implies someone who believes the market has bottomed despite overwhelming evidence to the contrary.
There may actually be nothing wrong with being a knife catcher in real estate in the future. Every person who buys an automobile, unless it’s a rare collector car, is buying a depreciating asset. I have a feeling that someday we may start to view buying a home as more similar to buying a car.
Navydoc
ParticipantI’m not sure condescending is quite the right word, but the way we use the term implies someone who believes the market has bottomed despite overwhelming evidence to the contrary.
There may actually be nothing wrong with being a knife catcher in real estate in the future. Every person who buys an automobile, unless it’s a rare collector car, is buying a depreciating asset. I have a feeling that someday we may start to view buying a home as more similar to buying a car.
Navydoc
ParticipantI also have a bit of a problem with the use of the word “fraudulently” in that particular provision. Is buying a home with an income you lied about with the lenders blessing because you could refinance later fraudulent?
I personally think it is, and it widens the realistic definition of “speculator” as well. I think almost anyone who bought a home between 2003-2006 was “speculating” on future home appreciation, whether they want to admit it or not.
After looking this thing over, I doubt very many people are going to qualify for the program. That’s probably what was intended all along; the pols just want it to seem that they’re doing something useful to save the housing market.
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