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August 5, 2008 at 10:37 AM in reply to: What is a sensible criteria to determine when to pull the trigger? #252858August 5, 2008 at 10:37 AM in reply to: What is a sensible criteria to determine when to pull the trigger? #252867
sdduuuude
ParticipantWell put DWCAP.
I’d say an important indicator would be 3 to 6 consecutive months of positive year-over-year sales growth.
Once that happens, I’ll start looking at all the other numbers. Until that happens, I’ll just keep
reading forums and hoping for my industry to stay healthy and for housing prices to crash.Also – remember you need two things to pull the trigger 1) the right market conditions and 2) the right personal finance conditions.
Alot of people waiting for the market may not be ready when the time is right so add “personal financial situation” to the list of indicators.
August 5, 2008 at 10:37 AM in reply to: What is a sensible criteria to determine when to pull the trigger? #252924sdduuuude
ParticipantWell put DWCAP.
I’d say an important indicator would be 3 to 6 consecutive months of positive year-over-year sales growth.
Once that happens, I’ll start looking at all the other numbers. Until that happens, I’ll just keep
reading forums and hoping for my industry to stay healthy and for housing prices to crash.Also – remember you need two things to pull the trigger 1) the right market conditions and 2) the right personal finance conditions.
Alot of people waiting for the market may not be ready when the time is right so add “personal financial situation” to the list of indicators.
August 5, 2008 at 10:37 AM in reply to: What is a sensible criteria to determine when to pull the trigger? #252930sdduuuude
ParticipantWell put DWCAP.
I’d say an important indicator would be 3 to 6 consecutive months of positive year-over-year sales growth.
Once that happens, I’ll start looking at all the other numbers. Until that happens, I’ll just keep
reading forums and hoping for my industry to stay healthy and for housing prices to crash.Also – remember you need two things to pull the trigger 1) the right market conditions and 2) the right personal finance conditions.
Alot of people waiting for the market may not be ready when the time is right so add “personal financial situation” to the list of indicators.
sdduuuude
ParticipantEnorah.
I have given this advice to several people, and posted it once in the forum here.
1) Find a house you would buy and calculate the monthly payment, including prop tax, insurance, additional utilities that you don’t pay now, etc. Say that is $3,000/month.
2) Subtract your current rent cost from that monthly payment and put that amount in the bank every month. Say your rent is $2,000 a month. In this example, you would put $1,000 per month into the bank.
3) When you have saved a down payment of 20% of your house, it will be about time to buy it.
Re-do the calculation every 6 months as prices and interest rates change.
#3 is a rule of thumb I made up, not gospel.
This plan accomplishes several things:
1) Helps you save.
2) Gives you some light at the end of the tunnel and an idea of how long the tunnel is.
3) Teaches you what it is really like to make a big house payment. You may be tired of renting now, but this plan forces you to realize that a downside of buying is you have less money and it isn’t all that fun.Depending on where you want to buy, you’ll have to rent for another year or four.
sdduuuude
ParticipantEnorah.
I have given this advice to several people, and posted it once in the forum here.
1) Find a house you would buy and calculate the monthly payment, including prop tax, insurance, additional utilities that you don’t pay now, etc. Say that is $3,000/month.
2) Subtract your current rent cost from that monthly payment and put that amount in the bank every month. Say your rent is $2,000 a month. In this example, you would put $1,000 per month into the bank.
3) When you have saved a down payment of 20% of your house, it will be about time to buy it.
Re-do the calculation every 6 months as prices and interest rates change.
#3 is a rule of thumb I made up, not gospel.
This plan accomplishes several things:
1) Helps you save.
2) Gives you some light at the end of the tunnel and an idea of how long the tunnel is.
3) Teaches you what it is really like to make a big house payment. You may be tired of renting now, but this plan forces you to realize that a downside of buying is you have less money and it isn’t all that fun.Depending on where you want to buy, you’ll have to rent for another year or four.
sdduuuude
ParticipantEnorah.
I have given this advice to several people, and posted it once in the forum here.
1) Find a house you would buy and calculate the monthly payment, including prop tax, insurance, additional utilities that you don’t pay now, etc. Say that is $3,000/month.
2) Subtract your current rent cost from that monthly payment and put that amount in the bank every month. Say your rent is $2,000 a month. In this example, you would put $1,000 per month into the bank.
3) When you have saved a down payment of 20% of your house, it will be about time to buy it.
Re-do the calculation every 6 months as prices and interest rates change.
#3 is a rule of thumb I made up, not gospel.
This plan accomplishes several things:
1) Helps you save.
2) Gives you some light at the end of the tunnel and an idea of how long the tunnel is.
3) Teaches you what it is really like to make a big house payment. You may be tired of renting now, but this plan forces you to realize that a downside of buying is you have less money and it isn’t all that fun.Depending on where you want to buy, you’ll have to rent for another year or four.
sdduuuude
ParticipantEnorah.
I have given this advice to several people, and posted it once in the forum here.
1) Find a house you would buy and calculate the monthly payment, including prop tax, insurance, additional utilities that you don’t pay now, etc. Say that is $3,000/month.
2) Subtract your current rent cost from that monthly payment and put that amount in the bank every month. Say your rent is $2,000 a month. In this example, you would put $1,000 per month into the bank.
3) When you have saved a down payment of 20% of your house, it will be about time to buy it.
Re-do the calculation every 6 months as prices and interest rates change.
#3 is a rule of thumb I made up, not gospel.
This plan accomplishes several things:
1) Helps you save.
2) Gives you some light at the end of the tunnel and an idea of how long the tunnel is.
3) Teaches you what it is really like to make a big house payment. You may be tired of renting now, but this plan forces you to realize that a downside of buying is you have less money and it isn’t all that fun.Depending on where you want to buy, you’ll have to rent for another year or four.
sdduuuude
ParticipantEnorah.
I have given this advice to several people, and posted it once in the forum here.
1) Find a house you would buy and calculate the monthly payment, including prop tax, insurance, additional utilities that you don’t pay now, etc. Say that is $3,000/month.
2) Subtract your current rent cost from that monthly payment and put that amount in the bank every month. Say your rent is $2,000 a month. In this example, you would put $1,000 per month into the bank.
3) When you have saved a down payment of 20% of your house, it will be about time to buy it.
Re-do the calculation every 6 months as prices and interest rates change.
#3 is a rule of thumb I made up, not gospel.
This plan accomplishes several things:
1) Helps you save.
2) Gives you some light at the end of the tunnel and an idea of how long the tunnel is.
3) Teaches you what it is really like to make a big house payment. You may be tired of renting now, but this plan forces you to realize that a downside of buying is you have less money and it isn’t all that fun.Depending on where you want to buy, you’ll have to rent for another year or four.
sdduuuude
ParticipantAhhhhh. My favorite thread of all.
Would you hire this person as your consultant ?sdduuuude
ParticipantAhhhhh. My favorite thread of all.
Would you hire this person as your consultant ?sdduuuude
ParticipantAhhhhh. My favorite thread of all.
Would you hire this person as your consultant ?sdduuuude
ParticipantAhhhhh. My favorite thread of all.
Would you hire this person as your consultant ?sdduuuude
ParticipantAhhhhh. My favorite thread of all.
Would you hire this person as your consultant ?sdduuuude
ParticipantUh, no. I opened it looked at it just to make the “this guy is a troll” comment.
There is a place for every comment. This is not the place for this crap.
If I wanted to see this B.S. I would join the “Stupid Political Bullshit” forum.
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