Dear folks who wish you owned your own home

[jetmonkey]

I laugh everytime I read this. Just awaiting the Taliban and it will all be complete.

How often do you read it?

 

[somdrenter]

I laugh everytime I read this. Just awaiting the Taliban and it will all be complete.

What the.....where'd the housing cheerleaders go?

 

[Pete]

What the.....where'd the housing cheerleaders go?

Still here, still living in it, still paying down my principal while waiting for things to even out. It is warm and cozy and mine.

If they had done the $15K tax credit I might have tried to upgrade because my house is on the lesser expensive end of the local specrtum and it could move and net me about $70K.

 

[somdrenter]

If they had done the $15K tax credit I might have tried to upgrade because my house is on the lesser expensive end of the local specrtum and it could move and net me about $70K.

Of course it would move…these things are sell’n like hot cakes. Heck, don’t settle for only $70K Pete.

 

[Bann]

What the.....where'd the housing cheerleaders go?

I just bought a house.

You can check out all the home sales by counties here:

Real Property Search

There's still selling/buying going on.

 

[somdrenter]

I just bought a house.

You can check out all the home sales by counties here:

Real Property Search

There's still selling/buying going on.

Like I said…..like hot cakes. Now’s the time to get your home on the market.

MRIS Statistics

 

[jetmonkey]

What the.....where'd the housing cheerleaders go?

I live in a house and I recommend it to all my friends

 

[Larry Gude]

I live in a house and I recommend it to all my friends

Big house, huh?

 

[Larry Gude]

What the.....where'd the housing cheerleaders go?

Right now is a good time to buy a house.

 

[Pete]

Of course it would move…these things are sell’n like hot cakes. Heck, don’t settle for only $70K Pete.

You never know. Being that I am in no rush and my payment was made easily I could put a conservative price on it and sit. All is not doom and gloom. as far as settling for $70K you know something is only worth what someone will pay for it. My house falls right in the middle of the largest segment in your report linked above.

Of course I am in this position because I am smart.

 

[Vince]

Right now is a good time to buy a house.

By the time I get this house the way I want it (remodeled, additions, etc) it'll be time to sell and buy another. :shrug:

 

[jetmonkey]

Big house, huh?

I'm overcompensating

 

[somdrenter]

Right now is a good time to buy a house.

It's never a bad time.....so say the professionals.

 

[Larry Gude]

It's never a bad time.....so say the professionals.

It's bad to buy at the top and try to sell at the bottom.

 

[somdrenter]

You are TOTALLY not going to get that kind of deal a year from now.

Buy low. Sell high. Duh.

Prices are low so NOW is the time to buy.

If you have decent credit and can actually afford to buy a home, NOW IS THE TIME!

Don't be stupid and let this buyer's market opportunity pass you by.

So STOP that renting!!! Renting is for losers! The American dream is to OWN a home, not friggin rent one.

And NOW is the time.

Boomers: 30% underwater
Many of those nearing retirement will have very little to live on thanks to an erosion of home equity.


NEW YORK (CNNMoney.com) -- What a turnaround for the American Dream!

According to a report released Wednesday, the real estate market bust and stock market declines have carved a huge chunk out of the assets of baby boomers.

So much home equity has been lost that 30% of boomers, aged 45 to 54, are underwater in their homes, according to "The Wealth of the Baby Boom Cohorts After the Collapse of the Housing Bubble. " The report, released by D.C.-based think tank the Center for Economic and Policy Research, also found that 18% of boomers aged 55 to 64 would owe money at close if they sold their homes.

The CEPR also found that people who were renting homes in 2004 will have more wealth in 2009 than those who were owners. That's true for all five wealth groups the study analyzed, from the poorest to the wealthiest.

"The collapse of the housing bubble, which led to the current recession, has already destroyed almost $6 trillion dollars in housing wealth for homeowners," said report co-author Dean Baker. "This reality is compounded by the recent collapse of the stock market. Many baby boomers will only have Social Security and Medicare to rely on in their retirement."

Boomer wealth is evaporating - Feb. 25, 2009

 

[Larry Gude]

Boomer wealth is evaporating - Feb. 25, 2009

So, what's your point? They'd be so much better off had they just rented and put their money...in stocks and lost 1/2 their value? Under the mattress? In tin cans buried in the back yard?

How much 'value' do you have in the property you are paying to rent?

 

[DoWhat]

Wife and I may be selling our house.
We put down an offer on this one.
Advertisement - Real Estate Ads

 

[kwillia]

Wife and I may be selling our house.
We put down an offer on this one.
Advertisement - Real Estate Ads

That'll take alotta mulch...

 

[Baja28]

Still here, still living in it, still paying down my principal while waiting for things to even out. It is warm and cozy and mine. Of course I am in this position because I am smart.

Poor Patchy & Renter. I think Patchy jumped from the bridge. Renter is no better off.

How much 'value' do you have in the property you are paying to rent?

Yes renter, enlighten us.

 

[Pandora]

I have said all along that if we are lucky, prices will settle down to the 2003, early 2004 prices.

Our old house in Waldorf sold in Jan. 07 for a whopping $425,000; we sold it in 2004 for $300,000. The only upgrade it had was a hot tub. Those new buyers are going to be stuck for awhile.

Recently, I am hearing what I think are high rent prices and I know some are actually getting $1500-1600 a month for a tiny 3 bedroom 2 bath home. But I also think those prices are going to come down. Our economy really isn't good and is going to get worse.... if you think otherwise, you are foolish.