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Old 04-28-2008, 07:41 AM
 
5 posts, read 41,401 times
Reputation: 11

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As an investment... no.
If you're thinking you should rent for a year to buy the house cheaper later... it depends. If you're thinking on buying a $350K+ house, it might make sense. If not, it's not worth it. You'll spend $12K in rent plus an extra moving process with all the pains associated with it, plus you'll probably miss on the very low mortgage interest rates we have right now, while the price of the house you'd buy may lower $10k-$20k in the same year. Not worth it imho.
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Old 05-08-2008, 11:02 AM
 
5,438 posts, read 5,919,335 times
Reputation: 1134
The Wall Street Journal is potentially calling a bottom of the housing market in April of 2008.
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Old 05-08-2008, 04:22 PM
 
81 posts, read 291,893 times
Reputation: 36
Wow, scgraham, startin' to feel a pinch, eh? If you're a good agent, you shouldn't care what the market is doing because, no matter what, transactions will happen. Good deal brokers do well no matter what as long as deals are there to be made.
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Old 05-09-2008, 08:08 AM
 
5,438 posts, read 5,919,335 times
Reputation: 1134
Quote:
Originally Posted by SoBuKev View Post
Wow, scgraham, startin' to feel a pinch, eh? If you're a good agent, you shouldn't care what the market is doing because, no matter what, transactions will happen. Good deal brokers do well no matter what as long as deals are there to be made.
I have been at this awhile, so I'm doing quite fine; but, what does that have to do with this thread where I am shedding some light on the housing market?

Respectfully,
Stephen Graham
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Old 05-09-2008, 08:46 AM
 
Location: Atlanta/Decatur/Emory area
1,320 posts, read 4,262,527 times
Reputation: 501
I don't believe we're at the bottom nationally or locally. But I still consider this a good time to buy, especially if you're trading up (you may take a loss on your existing home but should get a good deal on the new one that should more than make up for that) and as long as you're planning to stay put for a while. Single family homes remain a much better investment than condos, with townhomes somewhere in the middle. But the real estate market is hyper-local and can vary street by street. The one sure thing in real estate is that you'll only ever see the bottom in hindsight. It's impossible to know you've hit it until you've passed it by.
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Old 05-12-2008, 10:39 AM
 
81 posts, read 291,893 times
Reputation: 36
Quote:
Originally Posted by scgraham View Post
I have been at this awhile, so I'm doing quite fine; but, what does that have to do with this thread where I am shedding some light on the housing market?

Respectfully,
Stephen Graham
Sorry, reading through this thread and your replies to everyone's comments just makes it appear that you're a little desperate to convince us all that we're at the bottom and we should all go out and buy houses now.
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Old 05-12-2008, 11:04 AM
 
3,735 posts, read 8,042,454 times
Reputation: 1944
Many analyst forecast a stabilization of the market in 2010. Since so many lenders are making it harder to qualify for a loan and many borrowers loans are set to reset this year and next I don't believe that we have seen the bottom yet (unfortunately). Also, look at the many people that have foreclosed they won't be able to purchase a home any time soon which will contribute to the housing market declining. Homes in some areas are still over priced.
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Old 05-12-2008, 12:05 PM
 
Location: Cobb County, Georgia
750 posts, read 2,271,157 times
Reputation: 291
I hope it's a good time to buy because I just bought a home. I think Atlanta's housing market is doing alot better than other states, I don't see townhome communities or subdivision developments slowing down much. I purchased a home in Mabelton (havent moved in yet) but in that area there are number or communites starting up right now. You really don't know how or when is the best time, I've seen that same article about the stabilization of the market in 2010, but I've also seen some that say we won't get worse. Anyway just my thoughts
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Old 05-12-2008, 12:51 PM
 
5,438 posts, read 5,919,335 times
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Quote:
Originally Posted by SoBuKev View Post
Sorry, reading through this thread and your replies to everyone's comments just makes it appear that you're a little desperate to convince us all that we're at the bottom and we should all go out and buy houses now.
I don't mean to come across as desperate -- as I’m certainly not; I simply want people to address the author's contention and the facts. So far, there haven't been any serious rebuttals -- just small talk.

Respectfully,
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Old 05-13-2008, 09:04 AM
 
81 posts, read 291,893 times
Reputation: 36
I think there have been plenty of rebuttals just as serious as the article you posted.
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