- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Buying a new house....
Posted on 9/17/08 at 1:18 pm
Posted on 9/17/08 at 1:18 pm
I was fortunate enough to sell my condo earlier this year and am now in the process of looking for a new house.
When do I buy? Do I wait out the market a little longer to see what happens to rates and home prices? Or do I try to buy in now and low ball every house I like?
When do I buy? Do I wait out the market a little longer to see what happens to rates and home prices? Or do I try to buy in now and low ball every house I like?
5
Posted on 9/17/08 at 1:23 pm to FredGarvin
Do you live in Chicago or not?
I can't imagine buying in this market.
I can't imagine buying in this market.
Posted on 9/17/08 at 1:24 pm to FredGarvin
the right time to buy is now IMO
mortgage rates have fallen below 6% and inventory is through the roof for many market areas which means nice selection at a nice price
I don't advise to "low-ball" every seller that you come across; however, the market will still determine the going price for housing
mortgage rates have fallen below 6% and inventory is through the roof for many market areas which means nice selection at a nice price
I don't advise to "low-ball" every seller that you come across; however, the market will still determine the going price for housing
Posted on 9/17/08 at 1:25 pm to 19thHole
quote:
I don't advise to "low-ball" every seller that you come across
I can't imagine doing anything BUT that, if one was in a position to be buying right now.
Posted on 9/17/08 at 1:25 pm to FredGarvin
If you could accurately predict any market you would be the richest person in the world. My point is that trying to predict the market is pointless.
Posted on 9/17/08 at 1:25 pm to Tiger JJ
Left the city and moved to the burbs. Prices are very attractive and there is a lot of inventory.
Posted on 9/17/08 at 1:26 pm to 19thHole
Jersey said he expects housing prices to fall another 50%. I don't remember him being wrong too often in the past year that I've been reading this board...FWIW
Posted on 9/17/08 at 1:27 pm to Y.A. Tittle
quote:
I can't imagine doing anything BUT that, if one was in a position to be buying right now.
As someone with a house on the market right now, I sadly agree.
Posted on 9/17/08 at 1:28 pm to LSUtoOmaha
I already low balled a bank owned property and they chose to not accept surprisingly. This was a few weeks ago though.
This post was edited on 9/17/08 at 1:28 pm
Posted on 9/17/08 at 1:31 pm to FredGarvin
quote:
I was fortunate enough to sell my condo earlier this year and am now in the process of looking for a new house.
When do I buy? Do I wait out the market a little longer to see what happens to rates and home prices? Or do I try to buy in now and low ball every house I like?
Here's a question: why do you even feel compelled to buy in the first place? What benefits do you hope to gain?
Posted on 9/17/08 at 1:33 pm to FredGarvin
quote:
I already low balled a bank owned property and they chose to not accept surprisingly
if the bottom was in, banks would be accepting low-ball offers.
Posted on 9/17/08 at 1:34 pm to Tiger JJ
quote:
why do you even feel compelled to buy in the first place? What benefits do you hope to gain?
Well, paying rent to someone else feels like giving away free money when I can invest in a home that should appreciate.
Posted on 9/17/08 at 1:37 pm to FredGarvin
quote:
Well, paying rent to someone else feels like giving away free money when I can invest in a home that should appreciate.
dude
The downdraft won't end in this country until college graduates understand basic economics more than this.
This post was edited on 9/17/08 at 1:42 pm
Posted on 9/17/08 at 1:37 pm to FredGarvin
quote:
I can invest in a home that should appreciate.
what if it doesn't? just being out the rent payments doesn't seem like to bad of a deal.
Posted on 9/17/08 at 1:38 pm to FredGarvin
quote:
Well, paying rent to someone else feels like giving away free money when I can invest in a home that should appreciate.
How long do you plan on being in this house? If it's less than a LONG time I would not buy.
There are some very smart peeps on this board that will tell you the housing market ain't done going down...by a longshot. I'm compelled to agree.
Posted on 9/17/08 at 1:41 pm to FredGarvin
Last year everyone said this is the time to buy.
Now they are saying it really is the time to buy.
Its not, and won't be for a while
Now they are saying it really is the time to buy.
Its not, and won't be for a while
Posted on 9/17/08 at 1:42 pm to Colonel Hapablap
True but I'm not looking to flip it in two years. If I'm thinking 5-10 shouldn't buying be an option?
Posted on 9/17/08 at 1:44 pm to FredGarvin
quote:
If I'm thinking 5-10 shouldn't buying be an option?
It shoudl but wait. IF there is no liquidity in the market, prices will go down
Posted on 9/17/08 at 1:46 pm to FredGarvin
you might not be back to even in 10 years.
Posted on 9/17/08 at 1:47 pm to FredGarvin
quote:
If I'm thinking 5-10 shouldn't buying be an option?
Again, list the benefits you gain. As far as I can tell, there are none.
Page 1 of 3
Back to top
Follow TigerDroppings for LSU Football News