Forum Replies Created
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pemeliza
Participant“I take issue with the idea that a 1000 sq ft house, 10 miles from the ocean and in a bad school district is going to sell for over a half a million dollars. ”
I agree that sounds like a bad deal and I would never buy something like that. As much as I like mission hills (which is about 3 miles from the ocean) I never could figure out Kensington. Once you get east of the I-15, I don’t really consider that coastal anymore.
Participant“I take issue with the idea that a 1000 sq ft house, 10 miles from the ocean and in a bad school district is going to sell for over a half a million dollars. ”
I agree that sounds like a bad deal and I would never buy something like that. As much as I like mission hills (which is about 3 miles from the ocean) I never could figure out Kensington. Once you get east of the I-15, I don’t really consider that coastal anymore.
Participant“artificially low interest rates”
There has been a bull market in the bond market for the last 20 years. As a saver do I like it? Absolutely not. Can we say for sure that the bull market in bonds over the last 20 years has been artificial? Perhaps it has to with currency manipulations and globalization who knows. You can drive yourself crazy trying to understand interest rates.
If the affordability of a house depends on “ultra low interest rates” and the market actually offers “ultra low interest rates” then I would say the house is affordable at least for today.
“So if you want to say homes are a good deal, or affordable or whatever, you have got to get out of the state and look around.”
This argument works both ways. Sure you can find cheaper places but there are plenty of places that offer less (IMHO) that are even more expensive. Have you even looked at prices on the east coast? I lived there for 5 years. All I can say is overrated. I lived in the midwest for 20 years. You want affordable there is your affordable. Really all things considered not a bad place to live if you are in to that kind of thing and have time to travel.
Participant“artificially low interest rates”
There has been a bull market in the bond market for the last 20 years. As a saver do I like it? Absolutely not. Can we say for sure that the bull market in bonds over the last 20 years has been artificial? Perhaps it has to with currency manipulations and globalization who knows. You can drive yourself crazy trying to understand interest rates.
If the affordability of a house depends on “ultra low interest rates” and the market actually offers “ultra low interest rates” then I would say the house is affordable at least for today.
“So if you want to say homes are a good deal, or affordable or whatever, you have got to get out of the state and look around.”
This argument works both ways. Sure you can find cheaper places but there are plenty of places that offer less (IMHO) that are even more expensive. Have you even looked at prices on the east coast? I lived there for 5 years. All I can say is overrated. I lived in the midwest for 20 years. You want affordable there is your affordable. Really all things considered not a bad place to live if you are in to that kind of thing and have time to travel.
Participant“artificially low interest rates”
There has been a bull market in the bond market for the last 20 years. As a saver do I like it? Absolutely not. Can we say for sure that the bull market in bonds over the last 20 years has been artificial? Perhaps it has to with currency manipulations and globalization who knows. You can drive yourself crazy trying to understand interest rates.
If the affordability of a house depends on “ultra low interest rates” and the market actually offers “ultra low interest rates” then I would say the house is affordable at least for today.
“So if you want to say homes are a good deal, or affordable or whatever, you have got to get out of the state and look around.”
This argument works both ways. Sure you can find cheaper places but there are plenty of places that offer less (IMHO) that are even more expensive. Have you even looked at prices on the east coast? I lived there for 5 years. All I can say is overrated. I lived in the midwest for 20 years. You want affordable there is your affordable. Really all things considered not a bad place to live if you are in to that kind of thing and have time to travel.
Participant“artificially low interest rates”
There has been a bull market in the bond market for the last 20 years. As a saver do I like it? Absolutely not. Can we say for sure that the bull market in bonds over the last 20 years has been artificial? Perhaps it has to with currency manipulations and globalization who knows. You can drive yourself crazy trying to understand interest rates.
If the affordability of a house depends on “ultra low interest rates” and the market actually offers “ultra low interest rates” then I would say the house is affordable at least for today.
“So if you want to say homes are a good deal, or affordable or whatever, you have got to get out of the state and look around.”
This argument works both ways. Sure you can find cheaper places but there are plenty of places that offer less (IMHO) that are even more expensive. Have you even looked at prices on the east coast? I lived there for 5 years. All I can say is overrated. I lived in the midwest for 20 years. You want affordable there is your affordable. Really all things considered not a bad place to live if you are in to that kind of thing and have time to travel.
Participant“artificially low interest rates”
There has been a bull market in the bond market for the last 20 years. As a saver do I like it? Absolutely not. Can we say for sure that the bull market in bonds over the last 20 years has been artificial? Perhaps it has to with currency manipulations and globalization who knows. You can drive yourself crazy trying to understand interest rates.
If the affordability of a house depends on “ultra low interest rates” and the market actually offers “ultra low interest rates” then I would say the house is affordable at least for today.
“So if you want to say homes are a good deal, or affordable or whatever, you have got to get out of the state and look around.”
This argument works both ways. Sure you can find cheaper places but there are plenty of places that offer less (IMHO) that are even more expensive. Have you even looked at prices on the east coast? I lived there for 5 years. All I can say is overrated. I lived in the midwest for 20 years. You want affordable there is your affordable. Really all things considered not a bad place to live if you are in to that kind of thing and have time to travel.
Participant“Looks like we’re about to see the “big squish-down.””
About to?
Participant“Looks like we’re about to see the “big squish-down.””
About to?
Participant“Looks like we’re about to see the “big squish-down.””
About to?
Participant“Looks like we’re about to see the “big squish-down.””
About to?
Participant“Looks like we’re about to see the “big squish-down.””
About to?
ParticipantCAR, I hope you don’t think I was trying to make it personal with my post because I certainly wasn’t trying to do that.
I believe that the vast majority of real estate in this country is currently affordable to average families so your ideal largely holds true.
ParticipantCAR, I hope you don’t think I was trying to make it personal with my post because I certainly wasn’t trying to do that.
I believe that the vast majority of real estate in this country is currently affordable to average families so your ideal largely holds true.
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