[sdcellar]

[quote=asianautica]I would love to see rates shoot up too.[/quote]

Why is that? Do you have a lot of cash at this point, or is it because if things were working correctly, it should mean income increases as well?

[sdcellar]

[quote=asianautica]Can you be sure it’ll happen in 2 years? What happen if won’t get to that price for another 5 years? How much would you be paying in rent vs buying? I’m in the camp of government over stepping and cause major inflation. Also, long term average rates are around 8%. So, it’s not out of the range of possibility either. What if it goes to 8+% instead by the time price actually get down to 420k? Right now, you can get down as low as 4.375% w/ some points.[/quote]

Hey, I’m just using your numbers. No doubt one can screw with the knobs until they get the answer they want. I was just responding to your suggestion that rates going to 7% would more than negate the savings in home price–clearly not the case.

But heck, I’m not trying to pick on you, I’m really responding to my mother-in-law, who said to me the other day, “sdcellar, I’ve been meaning to talk to you about this. You know, you were right about house prices, but you’ve got to buy this year. The interest rates are just too good.”

As with all things, one must look at the complete picture (or as best you can with all things in the future).

[sdcellar]

[quote=asianautica]Can you be sure it’ll happen in 2 years? What happen if won’t get to that price for another 5 years? How much would you be paying in rent vs buying? I’m in the camp of government over stepping and cause major inflation. Also, long term average rates are around 8%. So, it’s not out of the range of possibility either. What if it goes to 8+% instead by the time price actually get down to 420k? Right now, you can get down as low as 4.375% w/ some points.[/quote]

Hey, I’m just using your numbers. No doubt one can screw with the knobs until they get the answer they want. I was just responding to your suggestion that rates going to 7% would more than negate the savings in home price–clearly not the case.

But heck, I’m not trying to pick on you, I’m really responding to my mother-in-law, who said to me the other day, “sdcellar, I’ve been meaning to talk to you about this. You know, you were right about house prices, but you’ve got to buy this year. The interest rates are just too good.”

As with all things, one must look at the complete picture (or as best you can with all things in the future).

[sdcellar]

[quote=asianautica]Can you be sure it’ll happen in 2 years? What happen if won’t get to that price for another 5 years? How much would you be paying in rent vs buying? I’m in the camp of government over stepping and cause major inflation. Also, long term average rates are around 8%. So, it’s not out of the range of possibility either. What if it goes to 8+% instead by the time price actually get down to 420k? Right now, you can get down as low as 4.375% w/ some points.[/quote]

Hey, I’m just using your numbers. No doubt one can screw with the knobs until they get the answer they want. I was just responding to your suggestion that rates going to 7% would more than negate the savings in home price–clearly not the case.

But heck, I’m not trying to pick on you, I’m really responding to my mother-in-law, who said to me the other day, “sdcellar, I’ve been meaning to talk to you about this. You know, you were right about house prices, but you’ve got to buy this year. The interest rates are just too good.”

As with all things, one must look at the complete picture (or as best you can with all things in the future).

[sdcellar]

[quote=asianautica]Can you be sure it’ll happen in 2 years? What happen if won’t get to that price for another 5 years? How much would you be paying in rent vs buying? I’m in the camp of government over stepping and cause major inflation. Also, long term average rates are around 8%. So, it’s not out of the range of possibility either. What if it goes to 8+% instead by the time price actually get down to 420k? Right now, you can get down as low as 4.375% w/ some points.[/quote]

Hey, I’m just using your numbers. No doubt one can screw with the knobs until they get the answer they want. I was just responding to your suggestion that rates going to 7% would more than negate the savings in home price–clearly not the case.

But heck, I’m not trying to pick on you, I’m really responding to my mother-in-law, who said to me the other day, “sdcellar, I’ve been meaning to talk to you about this. You know, you were right about house prices, but you’ve got to buy this year. The interest rates are just too good.”

As with all things, one must look at the complete picture (or as best you can with all things in the future).

[sdcellar]

[quote=asianautica]Can you be sure it’ll happen in 2 years? What happen if won’t get to that price for another 5 years? How much would you be paying in rent vs buying? I’m in the camp of government over stepping and cause major inflation. Also, long term average rates are around 8%. So, it’s not out of the range of possibility either. What if it goes to 8+% instead by the time price actually get down to 420k? Right now, you can get down as low as 4.375% w/ some points.[/quote]

Hey, I’m just using your numbers. No doubt one can screw with the knobs until they get the answer they want. I was just responding to your suggestion that rates going to 7% would more than negate the savings in home price–clearly not the case.

But heck, I’m not trying to pick on you, I’m really responding to my mother-in-law, who said to me the other day, “sdcellar, I’ve been meaning to talk to you about this. You know, you were right about house prices, but you’ve got to buy this year. The interest rates are just too good.”

As with all things, one must look at the complete picture (or as best you can with all things in the future).

[sdcellar]

$570K – 20% down @ 5% = $2,448/mo
$420K – 20% down @ 7% = $2,235/mo

I’m sorry, why wouldn’t I want to wait? (oh, *and* I get to keep an additional $30K (plus interest) in my pocket to boot?)

[sdcellar]

$570K – 20% down @ 5% = $2,448/mo
$420K – 20% down @ 7% = $2,235/mo

I’m sorry, why wouldn’t I want to wait? (oh, *and* I get to keep an additional $30K (plus interest) in my pocket to boot?)

[sdcellar]

$570K – 20% down @ 5% = $2,448/mo
$420K – 20% down @ 7% = $2,235/mo

I’m sorry, why wouldn’t I want to wait? (oh, *and* I get to keep an additional $30K (plus interest) in my pocket to boot?)

[sdcellar]

$570K – 20% down @ 5% = $2,448/mo
$420K – 20% down @ 7% = $2,235/mo

I’m sorry, why wouldn’t I want to wait? (oh, *and* I get to keep an additional $30K (plus interest) in my pocket to boot?)

[sdcellar]

$570K – 20% down @ 5% = $2,448/mo
$420K – 20% down @ 7% = $2,235/mo

I’m sorry, why wouldn’t I want to wait? (oh, *and* I get to keep an additional $30K (plus interest) in my pocket to boot?)

[sdcellar]

I swear that the plastic they wrap Macs in must contain some kind of intoxicant. What a cult!

I use and work with Windows and Mac boxes every day and I can tell they _both_ have their issues, but at the end of the day, I run into the least dead ends with Windows stuff. In the same way it’s the target of hackers and like, it also gets the most attention of software and hardware manufacturers.

…and suggesting that people use Linux as an everyday desktop is just loco. Sure it’s fun and if you’re an enthusiast or need to run a website, good for you, you’ve done fine, but for the average college student, business person, and, well, pretty much anyone else, nope.

[sdcellar]

I swear that the plastic they wrap Macs in must contain some kind of intoxicant. What a cult!

I use and work with Windows and Mac boxes every day and I can tell they _both_ have their issues, but at the end of the day, I run into the least dead ends with Windows stuff. In the same way it’s the target of hackers and like, it also gets the most attention of software and hardware manufacturers.

…and suggesting that people use Linux as an everyday desktop is just loco. Sure it’s fun and if you’re an enthusiast or need to run a website, good for you, you’ve done fine, but for the average college student, business person, and, well, pretty much anyone else, nope.

[sdcellar]

I swear that the plastic they wrap Macs in must contain some kind of intoxicant. What a cult!

I use and work with Windows and Mac boxes every day and I can tell they _both_ have their issues, but at the end of the day, I run into the least dead ends with Windows stuff. In the same way it’s the target of hackers and like, it also gets the most attention of software and hardware manufacturers.

…and suggesting that people use Linux as an everyday desktop is just loco. Sure it’s fun and if you’re an enthusiast or need to run a website, good for you, you’ve done fine, but for the average college student, business person, and, well, pretty much anyone else, nope.

[sdcellar]

I swear that the plastic they wrap Macs in must contain some kind of intoxicant. What a cult!

I use and work with Windows and Mac boxes every day and I can tell they _both_ have their issues, but at the end of the day, I run into the least dead ends with Windows stuff. In the same way it’s the target of hackers and like, it also gets the most attention of software and hardware manufacturers.

…and suggesting that people use Linux as an everyday desktop is just loco. Sure it’s fun and if you’re an enthusiast or need to run a website, good for you, you’ve done fine, but for the average college student, business person, and, well, pretty much anyone else, nope.

[Author]

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