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Started By
Message
re: Buying a new house....
Posted on 9/17/08 at 1:47 pm to Colonel Hapablap
Posted on 9/17/08 at 1:47 pm to Colonel Hapablap
Yeah, that would suck.
0
Posted on 9/17/08 at 1:48 pm to Tiger JJ
Jersey, it is not his fault. That kind of mentality has been pushed down everyone's throat.
Posted on 9/17/08 at 1:52 pm to tigerskin
quote:
Jersey, it is not his fault. That kind of mentality has been pushed down everyone's throat.
I know. I'm honestly trying to help him. People have just been so conditioned to be ignorant and stupid on this topic that it's mind-boggling.
Posted on 9/17/08 at 2:05 pm to Tiger JJ
quote:
Again, list the benefits you gain. As far as I can tell, there are none.
The one benefit I can see, JT, is that sometimes it's difficult to find a "nice" rent house that has what you're looking for.
I'm trying to find a house to rent in the NO area and there isn't much to choose from. I found several that are nice, but the monthly rent is more than I would pay for a mortgage.
Of course, this may change if the housing market continues to stagnate as more sellers may consider renting and prices will drop.
Posted on 9/17/08 at 2:10 pm to NOMT
NOLA could be an exception. In other areas, there are massive waves of new houses coming on the market for rent.
Posted on 9/17/08 at 2:13 pm to Tiger JJ
quote:
NOLA could be an exception. In other areas, there are massive waves of new houses coming on the market for rent.
Of late, I've noticed a lot of nicer houses in N.O. that had For Sale signs outside for a long time, where they've suddenly also stuck a For Rent sign, underneath or on the side.
Posted on 9/17/08 at 2:25 pm to Y.A. Tittle
quote:
Of late, I've noticed a lot of nicer houses in N.O. that had For Sale signs outside for a long time, where they've suddenly also stuck a For Rent sign, underneath or on the side.
That's good to hear...what area?
Posted on 9/17/08 at 2:26 pm to Tiger JJ
quote:
I know. I'm honestly trying to help him. People have just been so conditioned to be ignorant and stupid on this topic that it's mind-boggling.
I didn't know you cared.
How long do I wait? Another 10% drop in home prices?
Posted on 9/17/08 at 2:28 pm to FredGarvin
quote:
How long do I wait? Another 10% drop in home prices?
You might want to wait until there's any type of clarity whatsoever in the credit markets. And again, keep asking yourself what you hope to gain by buying. If I told you you could buy a place today and it wouldn't go up even $1 in value until 2018, would you still want to buy it?
Posted on 9/17/08 at 2:31 pm to Tiger JJ
quote:
you could buy a place today and it wouldn't go up even $1 in value until 2018
What kind of appreciation will I be looking at in 2019?
Posted on 9/17/08 at 2:39 pm to Tiger JJ
I see your point. I might buy it so long as it doesn't go down $1.00 in value. Just kidding.
Posted on 9/17/08 at 2:55 pm to FredGarvin
quote:
I might buy it so long as it doesn't go down $1.00 in value. Just kidding.
If you were putting no money down, then of course you would.
Posted on 9/17/08 at 6:49 pm to Tiger JJ
quote:
If I told you you could buy a place today and it wouldn't go up even $1 in value until 2018, would you still want to buy it?
You're crazy if you think a house wouldn't appreciate until 2018.
Posted on 9/17/08 at 6:51 pm to silstang23
quote:
You're crazy if you think a house wouldn't appreciate until 2018.
And you're crazy if you think it isn't a real possibility.
This post was edited on 9/17/08 at 6:52 pm
Posted on 9/17/08 at 6:54 pm to Tiger JJ
Whatever you say ol' wise one.
Posted on 9/17/08 at 7:01 pm to silstang23
quote:
Whatever you say ol' wise one.
It's good to be full of piss and vinegar when you're young.
Posted on 9/17/08 at 7:02 pm to silstang23
So JT, I am already a home owner and have been for a few years but I'm just curious what is the criteria that someone should have for wanting to buy right now? You asked the original poster what benefits they hope to gain and just curious what response you were looking for.
Posted on 9/17/08 at 7:04 pm to Tiger JJ
quote:
It's good to be full of piss and vinegar when you're young.
Whatever makes you feel better about yourself. Keep scaring first time home buyers. Let me guess your a billionaire because you can predict the economy and housing market.
This post was edited on 9/17/08 at 7:06 pm
Posted on 9/17/08 at 7:07 pm to nino2469
quote:
So JT, I am already a home owner and have been for a few years but I'm just curious what is the criteria that someone should have for wanting to buy right now? You asked the original poster what benefits they hope to gain and just curious what response you were looking for.
I honestly don't know the answer. I personally don't see what is to be gained, but I'm open to any rational answers.
Posted on 9/17/08 at 7:08 pm to silstang23
quote:
Whatever makes you feel better about yourself.
That was for you and not me.
quote:
Keep scaring first time home buyers
Certainly anyone that listened to me over the past year or so was saved plenty of money by being "scared."
quote:
Let me guess your a billionaire because you can predict the economy and housing market.
I'm a working stiff who doesn't like to piss his money away on asset bubbles.
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