[SD Realtor]

I agree that there were many good posts here. Conversely if one goes back to say 2006 and starts to tally up all the intelligent posters who have purchased homes the numbers are most likely staggering. It has nothing to do with bailouts and the 270k per job stimulus packages. Similarly having overpriced assets is not a good thing because it simply adds future risk to prudent buyers who made purchases based on other factors knowing full well that the market they were shopping in, while cheaper then the past, was still being manipulated and indirectly subsidized.

With that said, these Piggs, who as AN stated are nowhere near the norm with regards to quantity or quality of buyers, have all mostly made purchases already and now have been living in their homes from 1 to 3 years. There are several leftovers who have missed the boat pricewise but still can enjoy cheap money. As we have all discussed, monthly payment is a much stronger measure of affordability then sales price.

I thing those that made the purchases will for the most part be fine regardless of market conditions as long as they have an income stream to continue paying the mortgages. For the most part they will also enjoy a quality of life that FOR THEM is superior to those who rent.

[SD Realtor]

I agree that there were many good posts here. Conversely if one goes back to say 2006 and starts to tally up all the intelligent posters who have purchased homes the numbers are most likely staggering. It has nothing to do with bailouts and the 270k per job stimulus packages. Similarly having overpriced assets is not a good thing because it simply adds future risk to prudent buyers who made purchases based on other factors knowing full well that the market they were shopping in, while cheaper then the past, was still being manipulated and indirectly subsidized.

With that said, these Piggs, who as AN stated are nowhere near the norm with regards to quantity or quality of buyers, have all mostly made purchases already and now have been living in their homes from 1 to 3 years. There are several leftovers who have missed the boat pricewise but still can enjoy cheap money. As we have all discussed, monthly payment is a much stronger measure of affordability then sales price.

I thing those that made the purchases will for the most part be fine regardless of market conditions as long as they have an income stream to continue paying the mortgages. For the most part they will also enjoy a quality of life that FOR THEM is superior to those who rent.

[SD Realtor]

I agree that there were many good posts here. Conversely if one goes back to say 2006 and starts to tally up all the intelligent posters who have purchased homes the numbers are most likely staggering. It has nothing to do with bailouts and the 270k per job stimulus packages. Similarly having overpriced assets is not a good thing because it simply adds future risk to prudent buyers who made purchases based on other factors knowing full well that the market they were shopping in, while cheaper then the past, was still being manipulated and indirectly subsidized.

With that said, these Piggs, who as AN stated are nowhere near the norm with regards to quantity or quality of buyers, have all mostly made purchases already and now have been living in their homes from 1 to 3 years. There are several leftovers who have missed the boat pricewise but still can enjoy cheap money. As we have all discussed, monthly payment is a much stronger measure of affordability then sales price.

I thing those that made the purchases will for the most part be fine regardless of market conditions as long as they have an income stream to continue paying the mortgages. For the most part they will also enjoy a quality of life that FOR THEM is superior to those who rent.

[SD Realtor]

I agree that there were many good posts here. Conversely if one goes back to say 2006 and starts to tally up all the intelligent posters who have purchased homes the numbers are most likely staggering. It has nothing to do with bailouts and the 270k per job stimulus packages. Similarly having overpriced assets is not a good thing because it simply adds future risk to prudent buyers who made purchases based on other factors knowing full well that the market they were shopping in, while cheaper then the past, was still being manipulated and indirectly subsidized.

With that said, these Piggs, who as AN stated are nowhere near the norm with regards to quantity or quality of buyers, have all mostly made purchases already and now have been living in their homes from 1 to 3 years. There are several leftovers who have missed the boat pricewise but still can enjoy cheap money. As we have all discussed, monthly payment is a much stronger measure of affordability then sales price.

I thing those that made the purchases will for the most part be fine regardless of market conditions as long as they have an income stream to continue paying the mortgages. For the most part they will also enjoy a quality of life that FOR THEM is superior to those who rent.

[SD Realtor]

Yes but this is not the case. Try not to confuse not being able to close with closing and doing a rent back. If a buyer cannot close it doesn’t matter if a rent back agreement is in place or not.

[SD Realtor]

Yes but this is not the case. Try not to confuse not being able to close with closing and doing a rent back. If a buyer cannot close it doesn’t matter if a rent back agreement is in place or not.

[SD Realtor]

Yes but this is not the case. Try not to confuse not being able to close with closing and doing a rent back. If a buyer cannot close it doesn’t matter if a rent back agreement is in place or not.

[SD Realtor]

Yes but this is not the case. Try not to confuse not being able to close with closing and doing a rent back. If a buyer cannot close it doesn’t matter if a rent back agreement is in place or not.

[SD Realtor]

Yes but this is not the case. Try not to confuse not being able to close with closing and doing a rent back. If a buyer cannot close it doesn’t matter if a rent back agreement is in place or not.

[SD Realtor]

I do think what you said makes sense bhd. There is no doubt in my mind that the govt/treas/fed has been able to maintain an amazing balancing act. It could very well be the case that we see low interest rates for another decade. One never knows. I don’t see that happening but I never thought we could tread water this long. I guess we will see what happens but my personal choice is to finance what I can and be positioned to take advantage of a situation that I think will happen. If I had a couple hundred thousand tied up in a home when interest rates were sky high then that money becomes dead money. The property will depreciate as well. If I have that property financed then I have my rental and a couple hundred thousand loaded up and ready to work for me. If I am correct I will do well. If I am not correct I will not be harmed because I still will be cash flowing on leveraged money.

To each his own though. I don’t think what KCAL has proposed is a bad idea. It is just something I would not do nor would I advise anyone t do.

Finally

[SD Realtor]

I do think what you said makes sense bhd. There is no doubt in my mind that the govt/treas/fed has been able to maintain an amazing balancing act. It could very well be the case that we see low interest rates for another decade. One never knows. I don’t see that happening but I never thought we could tread water this long. I guess we will see what happens but my personal choice is to finance what I can and be positioned to take advantage of a situation that I think will happen. If I had a couple hundred thousand tied up in a home when interest rates were sky high then that money becomes dead money. The property will depreciate as well. If I have that property financed then I have my rental and a couple hundred thousand loaded up and ready to work for me. If I am correct I will do well. If I am not correct I will not be harmed because I still will be cash flowing on leveraged money.

To each his own though. I don’t think what KCAL has proposed is a bad idea. It is just something I would not do nor would I advise anyone t do.

Finally

[SD Realtor]

I do think what you said makes sense bhd. There is no doubt in my mind that the govt/treas/fed has been able to maintain an amazing balancing act. It could very well be the case that we see low interest rates for another decade. One never knows. I don’t see that happening but I never thought we could tread water this long. I guess we will see what happens but my personal choice is to finance what I can and be positioned to take advantage of a situation that I think will happen. If I had a couple hundred thousand tied up in a home when interest rates were sky high then that money becomes dead money. The property will depreciate as well. If I have that property financed then I have my rental and a couple hundred thousand loaded up and ready to work for me. If I am correct I will do well. If I am not correct I will not be harmed because I still will be cash flowing on leveraged money.

To each his own though. I don’t think what KCAL has proposed is a bad idea. It is just something I would not do nor would I advise anyone t do.

Finally

[SD Realtor]

I do think what you said makes sense bhd. There is no doubt in my mind that the govt/treas/fed has been able to maintain an amazing balancing act. It could very well be the case that we see low interest rates for another decade. One never knows. I don’t see that happening but I never thought we could tread water this long. I guess we will see what happens but my personal choice is to finance what I can and be positioned to take advantage of a situation that I think will happen. If I had a couple hundred thousand tied up in a home when interest rates were sky high then that money becomes dead money. The property will depreciate as well. If I have that property financed then I have my rental and a couple hundred thousand loaded up and ready to work for me. If I am correct I will do well. If I am not correct I will not be harmed because I still will be cash flowing on leveraged money.

To each his own though. I don’t think what KCAL has proposed is a bad idea. It is just something I would not do nor would I advise anyone t do.

Finally

[SD Realtor]

I do think what you said makes sense bhd. There is no doubt in my mind that the govt/treas/fed has been able to maintain an amazing balancing act. It could very well be the case that we see low interest rates for another decade. One never knows. I don’t see that happening but I never thought we could tread water this long. I guess we will see what happens but my personal choice is to finance what I can and be positioned to take advantage of a situation that I think will happen. If I had a couple hundred thousand tied up in a home when interest rates were sky high then that money becomes dead money. The property will depreciate as well. If I have that property financed then I have my rental and a couple hundred thousand loaded up and ready to work for me. If I am correct I will do well. If I am not correct I will not be harmed because I still will be cash flowing on leveraged money.

To each his own though. I don’t think what KCAL has proposed is a bad idea. It is just something I would not do nor would I advise anyone t do.

Finally

[SD Realtor]

I cannot think of any good reason why to throw down alot of cash when money is so cheap today. Most investors including myself are taking advantage of rates to procure property. While an argument can be made for using cash to buy an owner occupied home, (sleeping better at night) I am not so sure that is the case for a rental. To each his own though. I think substantial opportunity will be there for those with cashpiles (that are not eaten away by inflation) when we have high interest rates. Liquidity is something that is of the utmost importance, at least to me in uncertain times like this.

[Author]

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