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sdduuuude
Participant[quote=Ms Pington]The good thing is I didn’t write a check.[/quote]
Oh. You didn’t say that. That should make it much easier for you.
“Not writing a check” is always a good strategy 🙂
Participant[quote=Ms Pington]The good thing is I didn’t write a check.[/quote]
Oh. You didn’t say that. That should make it much easier for you.
“Not writing a check” is always a good strategy 🙂
Participant[quote=Ms Pington]The good thing is I didn’t write a check.[/quote]
Oh. You didn’t say that. That should make it much easier for you.
“Not writing a check” is always a good strategy 🙂
ParticipantBefore considering rent a “waste” of money, one has to consider the value of flexibility. In uncertain times, the value of flexibility goes way up. Up to you to put a dollar amount on that.
Renting provides a low risk of being stuck in a bad position. Also, rent is only “wasted” if the underlying assets are appreciating. In the early years, the amount of money that goes to equity instead of interest is negligible.
If you are aiming “low” with your purchase, you might be OK – the magintidue of potential dollar losses goes down, and you are making a monthly payment similar to your rent. But if you are aiming to purchase a nicer place than you are currently renting, then your risk is increased.
I think waiting another year will help more than hurt. It’s an annoying buyers’ market and many economic indicators suggesting bad things are coming.
On the other hand, it seems nobody really cares if you default on the loan, so if you buy now and get stuck in a negative equity position, walking away is now the “in” thing to do so you don’t really have anytyhing to lose by buying. In case the market goes way down, you can always default, live rent free for a year, then bail. Consult your attorney first.
ParticipantBefore considering rent a “waste” of money, one has to consider the value of flexibility. In uncertain times, the value of flexibility goes way up. Up to you to put a dollar amount on that.
Renting provides a low risk of being stuck in a bad position. Also, rent is only “wasted” if the underlying assets are appreciating. In the early years, the amount of money that goes to equity instead of interest is negligible.
If you are aiming “low” with your purchase, you might be OK – the magintidue of potential dollar losses goes down, and you are making a monthly payment similar to your rent. But if you are aiming to purchase a nicer place than you are currently renting, then your risk is increased.
I think waiting another year will help more than hurt. It’s an annoying buyers’ market and many economic indicators suggesting bad things are coming.
On the other hand, it seems nobody really cares if you default on the loan, so if you buy now and get stuck in a negative equity position, walking away is now the “in” thing to do so you don’t really have anytyhing to lose by buying. In case the market goes way down, you can always default, live rent free for a year, then bail. Consult your attorney first.
ParticipantBefore considering rent a “waste” of money, one has to consider the value of flexibility. In uncertain times, the value of flexibility goes way up. Up to you to put a dollar amount on that.
Renting provides a low risk of being stuck in a bad position. Also, rent is only “wasted” if the underlying assets are appreciating. In the early years, the amount of money that goes to equity instead of interest is negligible.
If you are aiming “low” with your purchase, you might be OK – the magintidue of potential dollar losses goes down, and you are making a monthly payment similar to your rent. But if you are aiming to purchase a nicer place than you are currently renting, then your risk is increased.
I think waiting another year will help more than hurt. It’s an annoying buyers’ market and many economic indicators suggesting bad things are coming.
On the other hand, it seems nobody really cares if you default on the loan, so if you buy now and get stuck in a negative equity position, walking away is now the “in” thing to do so you don’t really have anytyhing to lose by buying. In case the market goes way down, you can always default, live rent free for a year, then bail. Consult your attorney first.
ParticipantBefore considering rent a “waste” of money, one has to consider the value of flexibility. In uncertain times, the value of flexibility goes way up. Up to you to put a dollar amount on that.
Renting provides a low risk of being stuck in a bad position. Also, rent is only “wasted” if the underlying assets are appreciating. In the early years, the amount of money that goes to equity instead of interest is negligible.
If you are aiming “low” with your purchase, you might be OK – the magintidue of potential dollar losses goes down, and you are making a monthly payment similar to your rent. But if you are aiming to purchase a nicer place than you are currently renting, then your risk is increased.
I think waiting another year will help more than hurt. It’s an annoying buyers’ market and many economic indicators suggesting bad things are coming.
On the other hand, it seems nobody really cares if you default on the loan, so if you buy now and get stuck in a negative equity position, walking away is now the “in” thing to do so you don’t really have anytyhing to lose by buying. In case the market goes way down, you can always default, live rent free for a year, then bail. Consult your attorney first.
ParticipantBefore considering rent a “waste” of money, one has to consider the value of flexibility. In uncertain times, the value of flexibility goes way up. Up to you to put a dollar amount on that.
Renting provides a low risk of being stuck in a bad position. Also, rent is only “wasted” if the underlying assets are appreciating. In the early years, the amount of money that goes to equity instead of interest is negligible.
If you are aiming “low” with your purchase, you might be OK – the magintidue of potential dollar losses goes down, and you are making a monthly payment similar to your rent. But if you are aiming to purchase a nicer place than you are currently renting, then your risk is increased.
I think waiting another year will help more than hurt. It’s an annoying buyers’ market and many economic indicators suggesting bad things are coming.
On the other hand, it seems nobody really cares if you default on the loan, so if you buy now and get stuck in a negative equity position, walking away is now the “in” thing to do so you don’t really have anytyhing to lose by buying. In case the market goes way down, you can always default, live rent free for a year, then bail. Consult your attorney first.
ParticipantOne tricky thing about Solar is optimizing the size of the install.
Because of the way electricity pricing is tiered, you don’t want to buy enough panels to eliminate your bill. You want to buy enough panels to eliminate only the electricity that costs more than your average cost of providing it using solar. Spread the up-front cost of the panels and other necessary equipment out over several years, then divide by the number of kwH you can produce with those in that time.
It is complicated by the fact that throughout the year, you have a different number of Sunny days per month, different electricity demands, and different pricing patterns.
Go over your bills for the last few years, if you have them, and whip out a spreadsheet to optimize the purchase size. THe key is figuring out how much electricity each panel can produce each month, thus arriving at a cost per kwH, then comparing that cost to the cost tiers for that month.
I have a good friend who did this very well as part of new construction. I guess the “new construction” rebates are better than add-on construction.
Good luck.
ParticipantOne tricky thing about Solar is optimizing the size of the install.
Because of the way electricity pricing is tiered, you don’t want to buy enough panels to eliminate your bill. You want to buy enough panels to eliminate only the electricity that costs more than your average cost of providing it using solar. Spread the up-front cost of the panels and other necessary equipment out over several years, then divide by the number of kwH you can produce with those in that time.
It is complicated by the fact that throughout the year, you have a different number of Sunny days per month, different electricity demands, and different pricing patterns.
Go over your bills for the last few years, if you have them, and whip out a spreadsheet to optimize the purchase size. THe key is figuring out how much electricity each panel can produce each month, thus arriving at a cost per kwH, then comparing that cost to the cost tiers for that month.
I have a good friend who did this very well as part of new construction. I guess the “new construction” rebates are better than add-on construction.
Good luck.
ParticipantOne tricky thing about Solar is optimizing the size of the install.
Because of the way electricity pricing is tiered, you don’t want to buy enough panels to eliminate your bill. You want to buy enough panels to eliminate only the electricity that costs more than your average cost of providing it using solar. Spread the up-front cost of the panels and other necessary equipment out over several years, then divide by the number of kwH you can produce with those in that time.
It is complicated by the fact that throughout the year, you have a different number of Sunny days per month, different electricity demands, and different pricing patterns.
Go over your bills for the last few years, if you have them, and whip out a spreadsheet to optimize the purchase size. THe key is figuring out how much electricity each panel can produce each month, thus arriving at a cost per kwH, then comparing that cost to the cost tiers for that month.
I have a good friend who did this very well as part of new construction. I guess the “new construction” rebates are better than add-on construction.
Good luck.
ParticipantOne tricky thing about Solar is optimizing the size of the install.
Because of the way electricity pricing is tiered, you don’t want to buy enough panels to eliminate your bill. You want to buy enough panels to eliminate only the electricity that costs more than your average cost of providing it using solar. Spread the up-front cost of the panels and other necessary equipment out over several years, then divide by the number of kwH you can produce with those in that time.
It is complicated by the fact that throughout the year, you have a different number of Sunny days per month, different electricity demands, and different pricing patterns.
Go over your bills for the last few years, if you have them, and whip out a spreadsheet to optimize the purchase size. THe key is figuring out how much electricity each panel can produce each month, thus arriving at a cost per kwH, then comparing that cost to the cost tiers for that month.
I have a good friend who did this very well as part of new construction. I guess the “new construction” rebates are better than add-on construction.
Good luck.
ParticipantOne tricky thing about Solar is optimizing the size of the install.
Because of the way electricity pricing is tiered, you don’t want to buy enough panels to eliminate your bill. You want to buy enough panels to eliminate only the electricity that costs more than your average cost of providing it using solar. Spread the up-front cost of the panels and other necessary equipment out over several years, then divide by the number of kwH you can produce with those in that time.
It is complicated by the fact that throughout the year, you have a different number of Sunny days per month, different electricity demands, and different pricing patterns.
Go over your bills for the last few years, if you have them, and whip out a spreadsheet to optimize the purchase size. THe key is figuring out how much electricity each panel can produce each month, thus arriving at a cost per kwH, then comparing that cost to the cost tiers for that month.
I have a good friend who did this very well as part of new construction. I guess the “new construction” rebates are better than add-on construction.
Good luck.
Participant[quote=sdrealtor]Only problem with your perfect storm hypothesis is that if nothing else we have learned there is no perfect storm in this market. There are way too many forces acting upon it for it to all converge perfectly. Plan on more extending and pretending.[/quote]
Sort of agree here. I understand the original poster’s point. There are definitely elements there for a perfect storm, and if they all lined up while all mitigating circumstances abated simultaneously, we’d have that storm, but the chances seem low.
2011, though, seems to me to be about the time for the next string of badness. Maybe post-Summer of this year. My crystal ball isn’t clear on that.
Yes, the gov. efforts seem to have an effect propping up the housing market – not to say they are being effective, though. Housing prices need to come down for the economy to heal.
“Forecloures: they aren’t the problem. They are the solution.” Congrats on spending alot of money doing the wrong thing well.
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