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sdduuuude
Participant[quote=4sranch_buyer]… I pay rent of $2000 per month, waiting another year is like spending $24000 on rental which can offset up to 5% fall in the prices.[/quote]
Not quite the right way to think about it. You’ll pay interest on the loan (reduced due to tax deduction), and you will lose interest on your down payment, and you will have maintenance costs, and you will probably do some remodelling, relandscaping. Make sure you calc it right.
Tough decision. I’d wait at least until the Spring season is over to find a friendlier buying environment. If you wait 2 years, you won’t be disappointed price-wise, but you may go crazy wishing you had your own place.
Participant[quote=4sranch_buyer]… I pay rent of $2000 per month, waiting another year is like spending $24000 on rental which can offset up to 5% fall in the prices.[/quote]
Not quite the right way to think about it. You’ll pay interest on the loan (reduced due to tax deduction), and you will lose interest on your down payment, and you will have maintenance costs, and you will probably do some remodelling, relandscaping. Make sure you calc it right.
Tough decision. I’d wait at least until the Spring season is over to find a friendlier buying environment. If you wait 2 years, you won’t be disappointed price-wise, but you may go crazy wishing you had your own place.
Participant[quote=4sranch_buyer]… I pay rent of $2000 per month, waiting another year is like spending $24000 on rental which can offset up to 5% fall in the prices.[/quote]
Not quite the right way to think about it. You’ll pay interest on the loan (reduced due to tax deduction), and you will lose interest on your down payment, and you will have maintenance costs, and you will probably do some remodelling, relandscaping. Make sure you calc it right.
Tough decision. I’d wait at least until the Spring season is over to find a friendlier buying environment. If you wait 2 years, you won’t be disappointed price-wise, but you may go crazy wishing you had your own place.
ParticipantI’d like to see someone do a chart of monthly sales in dollars (inflation adjusted, perhaps.), rather than housing units, going back to 2001 or so.
Sure, we might be selling more houses, but has the size of the market – the number of dollars spent – actually gone up or down ?
Easy to do – just multiply average x # of sales.
ParticipantI’d like to see someone do a chart of monthly sales in dollars (inflation adjusted, perhaps.), rather than housing units, going back to 2001 or so.
Sure, we might be selling more houses, but has the size of the market – the number of dollars spent – actually gone up or down ?
Easy to do – just multiply average x # of sales.
ParticipantI’d like to see someone do a chart of monthly sales in dollars (inflation adjusted, perhaps.), rather than housing units, going back to 2001 or so.
Sure, we might be selling more houses, but has the size of the market – the number of dollars spent – actually gone up or down ?
Easy to do – just multiply average x # of sales.
ParticipantI’d like to see someone do a chart of monthly sales in dollars (inflation adjusted, perhaps.), rather than housing units, going back to 2001 or so.
Sure, we might be selling more houses, but has the size of the market – the number of dollars spent – actually gone up or down ?
Easy to do – just multiply average x # of sales.
ParticipantI’d like to see someone do a chart of monthly sales in dollars (inflation adjusted, perhaps.), rather than housing units, going back to 2001 or so.
Sure, we might be selling more houses, but has the size of the market – the number of dollars spent – actually gone up or down ?
Easy to do – just multiply average x # of sales.
ParticipantThis Q comes up regularly.
Given an equal payment, it is better to buy at a low price, high interest rate than a high price, low interest rate.
You have more flexibility in the first condition – a forced sale due to a job move, job loss, divorce, etc does not hurt as much and you can possibly refinance the rate down later.
ParticipantThis Q comes up regularly.
Given an equal payment, it is better to buy at a low price, high interest rate than a high price, low interest rate.
You have more flexibility in the first condition – a forced sale due to a job move, job loss, divorce, etc does not hurt as much and you can possibly refinance the rate down later.
ParticipantThis Q comes up regularly.
Given an equal payment, it is better to buy at a low price, high interest rate than a high price, low interest rate.
You have more flexibility in the first condition – a forced sale due to a job move, job loss, divorce, etc does not hurt as much and you can possibly refinance the rate down later.
ParticipantThis Q comes up regularly.
Given an equal payment, it is better to buy at a low price, high interest rate than a high price, low interest rate.
You have more flexibility in the first condition – a forced sale due to a job move, job loss, divorce, etc does not hurt as much and you can possibly refinance the rate down later.
ParticipantThis Q comes up regularly.
Given an equal payment, it is better to buy at a low price, high interest rate than a high price, low interest rate.
You have more flexibility in the first condition – a forced sale due to a job move, job loss, divorce, etc does not hurt as much and you can possibly refinance the rate down later.
Participant[quote=Bob][quote=sdduuuude]
You gotta lotta nerve, there Bob, or should I call you “member for 3 weeks Bob” ?[/quote]Flattery will get you nowhere.
[/quote]Don’t worry – I’ll only call you that for another 4 days.
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