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nostradamus
ParticipantNo, you should wait until the cost of owning is equal to or less than the cost of renting. So rents have to rise or home prices have to fall.
I bought in 1998.
ParticipantNo, you should wait until the cost of owning is equal to or less than the cost of renting. So rents have to rise or home prices have to fall.
I bought in 1998.
ParticipantI’ve often wondered who the heck would buy now as well.
People wouldn’t buy because homes are still overpriced. Give me as many incentives as you like, a lemon is still a lemon.
Having money or having a job does not mean you would or should throw money away buying a house.
Renting is cheaper. You can rent the average $500k crap shack in SD for what, $2k max per month? That’s being generous of course. In 1 year you paid $24k for rent then. Say you buy it instead. IMO you will lose at least 10% in one year. That’s $50k. Plus insurance, upkeep, tax, etc. etc. etc. Sure you might get a few thousand out of tax deductions (again being generous). Still doesn’t compensate for the difference.
I say if you’re on the fence, rent a house with just your *minimal* living requirements. Cheap. Re-evaluate buying in the winter. If not, wait tell next winter. Repeat. You’ll be happy you did.
ParticipantI’ve often wondered who the heck would buy now as well.
People wouldn’t buy because homes are still overpriced. Give me as many incentives as you like, a lemon is still a lemon.
Having money or having a job does not mean you would or should throw money away buying a house.
Renting is cheaper. You can rent the average $500k crap shack in SD for what, $2k max per month? That’s being generous of course. In 1 year you paid $24k for rent then. Say you buy it instead. IMO you will lose at least 10% in one year. That’s $50k. Plus insurance, upkeep, tax, etc. etc. etc. Sure you might get a few thousand out of tax deductions (again being generous). Still doesn’t compensate for the difference.
I say if you’re on the fence, rent a house with just your *minimal* living requirements. Cheap. Re-evaluate buying in the winter. If not, wait tell next winter. Repeat. You’ll be happy you did.
ParticipantI’ve often wondered who the heck would buy now as well.
People wouldn’t buy because homes are still overpriced. Give me as many incentives as you like, a lemon is still a lemon.
Having money or having a job does not mean you would or should throw money away buying a house.
Renting is cheaper. You can rent the average $500k crap shack in SD for what, $2k max per month? That’s being generous of course. In 1 year you paid $24k for rent then. Say you buy it instead. IMO you will lose at least 10% in one year. That’s $50k. Plus insurance, upkeep, tax, etc. etc. etc. Sure you might get a few thousand out of tax deductions (again being generous). Still doesn’t compensate for the difference.
I say if you’re on the fence, rent a house with just your *minimal* living requirements. Cheap. Re-evaluate buying in the winter. If not, wait tell next winter. Repeat. You’ll be happy you did.
ParticipantI’ve often wondered who the heck would buy now as well.
People wouldn’t buy because homes are still overpriced. Give me as many incentives as you like, a lemon is still a lemon.
Having money or having a job does not mean you would or should throw money away buying a house.
Renting is cheaper. You can rent the average $500k crap shack in SD for what, $2k max per month? That’s being generous of course. In 1 year you paid $24k for rent then. Say you buy it instead. IMO you will lose at least 10% in one year. That’s $50k. Plus insurance, upkeep, tax, etc. etc. etc. Sure you might get a few thousand out of tax deductions (again being generous). Still doesn’t compensate for the difference.
I say if you’re on the fence, rent a house with just your *minimal* living requirements. Cheap. Re-evaluate buying in the winter. If not, wait tell next winter. Repeat. You’ll be happy you did.
ParticipantI’ve often wondered who the heck would buy now as well.
People wouldn’t buy because homes are still overpriced. Give me as many incentives as you like, a lemon is still a lemon.
Having money or having a job does not mean you would or should throw money away buying a house.
Renting is cheaper. You can rent the average $500k crap shack in SD for what, $2k max per month? That’s being generous of course. In 1 year you paid $24k for rent then. Say you buy it instead. IMO you will lose at least 10% in one year. That’s $50k. Plus insurance, upkeep, tax, etc. etc. etc. Sure you might get a few thousand out of tax deductions (again being generous). Still doesn’t compensate for the difference.
I say if you’re on the fence, rent a house with just your *minimal* living requirements. Cheap. Re-evaluate buying in the winter. If not, wait tell next winter. Repeat. You’ll be happy you did.
Participantdave, is it true that all loan principal mods have the catch-22 that if the home is ever sold, the written-down amount of the mod must be paid back?
Participantdave, is it true that all loan principal mods have the catch-22 that if the home is ever sold, the written-down amount of the mod must be paid back?
Participantdave, is it true that all loan principal mods have the catch-22 that if the home is ever sold, the written-down amount of the mod must be paid back?
Participantdave, is it true that all loan principal mods have the catch-22 that if the home is ever sold, the written-down amount of the mod must be paid back?
Participantdave, is it true that all loan principal mods have the catch-22 that if the home is ever sold, the written-down amount of the mod must be paid back?
ParticipantI bought one in Japan but this doesn’t help. It’s definitely hard to find a good kettle here.
ParticipantI bought one in Japan but this doesn’t help. It’s definitely hard to find a good kettle here.
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