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Participant“I also take sdrealtor’s side on this. First off, most people at those price levels are not first-time buyers, so down payments are not necessarily a huge hurdle (think middle age professionals who have substantial equity in their present house). Getting rid of the present house may actually be more of an issue.”
Why should “getting rid of” a house be an issue? Maybe because it isn’t priced right? It’s harder to move up if you don’t have the equity you think you do.
Participant“I also take sdrealtor’s side on this. First off, most people at those price levels are not first-time buyers, so down payments are not necessarily a huge hurdle (think middle age professionals who have substantial equity in their present house). Getting rid of the present house may actually be more of an issue.”
Why should “getting rid of” a house be an issue? Maybe because it isn’t priced right? It’s harder to move up if you don’t have the equity you think you do.
ParticipantI agree with Josh. The vast majority of people can’t afford 20% down on the higher priced homes, so the effect on the downward trend will be minor if measurable at all.
And I would hope that most of the few who can afford these higher loans have enough brains to see where the market is heading and stay out.
ParticipantI agree with Josh. The vast majority of people can’t afford 20% down on the higher priced homes, so the effect on the downward trend will be minor if measurable at all.
And I would hope that most of the few who can afford these higher loans have enough brains to see where the market is heading and stay out.
ParticipantI agree with Josh. The vast majority of people can’t afford 20% down on the higher priced homes, so the effect on the downward trend will be minor if measurable at all.
And I would hope that most of the few who can afford these higher loans have enough brains to see where the market is heading and stay out.
ParticipantI agree with Josh. The vast majority of people can’t afford 20% down on the higher priced homes, so the effect on the downward trend will be minor if measurable at all.
And I would hope that most of the few who can afford these higher loans have enough brains to see where the market is heading and stay out.
ParticipantI agree with Josh. The vast majority of people can’t afford 20% down on the higher priced homes, so the effect on the downward trend will be minor if measurable at all.
And I would hope that most of the few who can afford these higher loans have enough brains to see where the market is heading and stay out.
March 28, 2008 at 6:46 AM in reply to: looking for an agent who can help us to buy a house in the next 6 months #177498ParticipantWhat are you talking about? Fool? The OP MUST be smart, since he has all this money. Right?
March 28, 2008 at 6:46 AM in reply to: looking for an agent who can help us to buy a house in the next 6 months #177851ParticipantWhat are you talking about? Fool? The OP MUST be smart, since he has all this money. Right?
March 28, 2008 at 6:46 AM in reply to: looking for an agent who can help us to buy a house in the next 6 months #177857ParticipantWhat are you talking about? Fool? The OP MUST be smart, since he has all this money. Right?
March 28, 2008 at 6:46 AM in reply to: looking for an agent who can help us to buy a house in the next 6 months #177865ParticipantWhat are you talking about? Fool? The OP MUST be smart, since he has all this money. Right?
March 28, 2008 at 6:46 AM in reply to: looking for an agent who can help us to buy a house in the next 6 months #177954ParticipantWhat are you talking about? Fool? The OP MUST be smart, since he has all this money. Right?
ParticipantDon’t feed the trolls.
ParticipantDon’t feed the trolls.
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