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bubblesitter
2011 Oct 15, 2:38pm
Bargains abound and rates are at record lows—for those who qualify. Really?????
Haha...Hunt for suckers goes on.
Robber Baron Elite Scum
2011 Oct 15, 3:49pm
APOCALYPSEFUCK is Tony Manero says
that debt of any kind is the satan fucking you in the ass with a live chain saw?
LMFAO
+1 to you
Katy Perry
2011 Oct 15, 4:25pm
But what happens to the price of your home when rates go the other way?
B.A.C.A.H.
2011 Oct 15, 5:32pm
Well of course, "finance" advertises in that publication, what should we expect?
tts
2011 Oct 15, 7:50pm
“Even if there is another recession, people who can qualify for a mortgage won’t gain anything by playing the waiting game,†says Nariman Behravesh, chief economist at IHS in Englewood, Colo."
I wonder how much this scumbag is getting paid to say this sort of stuff?
Its always "BUY NOW" in the housing market according to these types.
If the mortgage payment+tax+maintenance turns out to be similar or lower than rent in the area, why not buy? It is true the rent can drop and the house price can drop but if it is cheaper to buy, why rent. May be add 5-10% drop in house price in the consideration will provide some cushion in the calculation. I know this argument may not be true for SF and Bay Area but price vs rent ratio in many cities across the country have been very attractive.
I recently came back from a trip to Las Vegas. Houses are everywhere for your pick. But, you may not find good job there.
Oppositely, if it is cheaper to rent, why buy?
Katy Perry
2011 Oct 16, 5:49am
People say buy now, but really they buy in 30 years and only own a loan now. If I pay cash Then I buy now. some people will never understand this or care it seems.
tatupu70
2011 Oct 16, 7:46am
People say buy now, but really they buy in 30 years and only own a loan now. If I pay cash Then I buy now. some people will never understand this or care it seems.
I understand it quite well. I don't think you do. Debt is a tool and shouldn't be feared.
uomo_senza_nome
2011 Oct 16, 9:16am
Debt is a tool and shouldn't be feared.
True.
But the tool has been abused way too much though, so fearing it now makes sense.
TMAC54
2011 Oct 16, 9:20am
some people will never understand this
In Real Property a "Bundle of Rights" is used to describe ownership. NOW is the best time to Google "bundle of rights". it's FREE !
Under the Katy Perry theory, you do not own your own freedom either. If you slip up, you can go to prison. Keep in mind other countries have Debtors Prison.
Does anyone really need to understand this sign ?
bubblesitter
2011 Oct 16, 1:51pm
I wonder how much this scumbag is getting paid to say this sort of stuff?
That's exactly how I was thinking. He must be on NAR's payroll as well.
bubblesitter
2011 Oct 16, 1:54pm
Debt is a tool and shouldn't be feared.
True.
But the tool has been abused way too much though, so fearing it now makes sense.
Refer to chain saw comment from AF.
tatupu70
2011 Oct 17, 1:07am
Debt is a tool and shouldn't be feared.
True.
But the tool has been abused way too much though, so fearing it now makes sense.
Refer to chain saw comment from AF.
You know he is being sarcastic, right?
FortWayne
2011 Oct 17, 2:56am
Bargains abound and rates are at record lows—for those who qualify. Really?????
Haha...Hunt for suckers goes on.
Hunt for suckers never stops in this country by the corporate media.
http://www.businessweek.com/magazine/epic-home-deals-await-the-creditworthy-10132011.html
still shilling...
"“It’s hard to see the possibility of losing on a home purchase right now, with these mortgage rates,†says Dean Baker, an economist who in 2005 predicted that house prices would tumble. “Prices may go lower, but not by much.â€
Buying a $300,000 home with a 4 percent mortgage means a monthly payment of $1,145, assuming a 20 percent down payment. The Mortgage Bankers Assn. predicts that prices may decline an additional 3.5 percent by mid-2012, while mortgage rates will increase by a half-point. If that proves accurate, that home would sell for $289,000, while the monthly mortgage bill would be $1,171. “Even if there is another recession, people who can qualify for a mortgage won’t gain anything by playing the waiting game,†says Nariman Behravesh, chief economist at IHS in Englewood, Colo."
#housing