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Old 05-12-2018, 09:37 AM
 
Location: Paranoid State
12,685 posts, read 9,425,981 times
Reputation: 14933

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I am unimpressed with the BH&J Index assumptions (some of which are suspect) and methodology (much of which is suspect).

Moreover, we're talking Florida Atlantic University, which isn't on anyone's list of top research universities of the US, let alone good ones.
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Old 05-18-2018, 12:37 AM
 
Location: Future Expat of California
588 posts, read 260,120 times
Reputation: 515
Quote:
Originally Posted by NewWaveDad View Post
That won't last, it never does. Just wait for the economy to downturn and SAS, Metlife, Red hat to start laying people off... Triangle market will crash and that's the time to buy. Rent until that happens.
Definitely agree with this sentiment. But if prices have reached their peak that all depends on the market and location. In SoCal, I think prices will go up this year and next year regardless of the interest rates (especially since they below average in historical terms but not recent memory). So with runaway prices, it's good to either stand put or sell and then rent and recapture assets on the rebound when prices do go down.
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Old 05-18-2018, 04:20 AM
 
Location: Cary, NC
31,595 posts, read 55,307,520 times
Reputation: 30150
Quote:
Originally Posted by Peasy973 View Post
Definitely agree with this sentiment. But if prices have reached their peak that all depends on the market and location. In SoCal, I think prices will go up this year and next year regardless of the interest rates (especially since they below average in historical terms but not recent memory). So with runaway prices, it's good to either stand put or sell and then rent and recapture assets on the rebound when prices do go down.
Maybe you can answer the "When" question? Rent for 6 months? 6 years?

Quote:
Originally Posted by MikeJaquish View Post
Time factor?
Money invested in rent?
Expected price drop and rent offset?

If the poster pays $1800/month for 4 years prior to purchasing, that is approximately an $86,400 rental investment.
Disregarding lifestyle choices and opportunities of rental vs. owning, and the probability of rent increases, the poster will need to save $86,400 on a (current pricing) $375,000 home to cash in on your economic dystopia.

That may or may not be palatable to the poster. Perhaps the poster would rather put $86,400 into a bunker, MREs, and weaponry to carry on?
And, the poster may prefer more focused guidance on the arrival of your predicted slump.


"Life is what happens when we're busy making other plans."
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Old 05-18-2018, 10:46 AM
 
110 posts, read 39,768 times
Reputation: 72
that's millions dollar question you are asking.
i'll give you discount at 500k and pm you the answer, take paypal or venmo
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Old 05-19-2018, 07:34 AM
Status: "In an Involuntary Time Warp" (set 23 days ago)
 
7,849 posts, read 10,147,526 times
Reputation: 11398
Quote:
Originally Posted by luv4horses View Post
Just a thought for those who think sellers are asking "ridiculous" amounts for homes that they are selling. They are sort of forced to, since they need that money to pay the ridiculous amounts needed to buy a new home themselves. It is especially tough for those who are no longer working and do not command an ever increasing salary to partially offset the new purchase prices. That is why there are so few older, starter homes for sale.
Very true, unless person is relocating out of area or downsizing or similar situation.
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