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Old 05-29-2019, 10:47 AM
 
932 posts, read 543,590 times
Reputation: 531

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Quote:
Originally Posted by Katana49 View Post
No, you wouldn't. In 2013, someone like you would be saying that we've been seeing a massive jump in pricing from the lows hit in 2009/2010, so it's better to sit tight for a correction.
Well...did I?
Why make assumptions?
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Old 05-29-2019, 10:54 AM
 
578 posts, read 479,204 times
Reputation: 1029
Quote:
Originally Posted by crazyforger View Post

Regarding declines more than renting....it should be decline more than (Rent - (property taxes+Maintenance+Insurance+Interest)). For me its probably Negative 1000$ per month
It should be (Rent - (property taxes+Maintenance+Insurance+Interest) + loss of life quality)

The prime age of adult life is 25 to 54. A nice large house makes more sense during that period of time, when you raise kids, send them to good ISD, and live with a large family. It is less meaningful when your kids are out for colleges, and it becomes a burden when you are even older.

Therefore, when you buy a new house at 25, you get full 30 years of benefits. If you buy at 40, you probably won't get many years before you become an empty nester. If you are 55, many are already looking to downsize their home.

For a $450K house, every month is worth $1250 during the 30-year tenure. You miss it and you never get it back, like the childhood toy you missed. You need to put that loss into your equation.
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Old 05-29-2019, 11:20 AM
 
3,754 posts, read 4,240,557 times
Reputation: 7773
Quote:
Originally Posted by crazyforger View Post
Well...did I?
Why make assumptions?

I bet you did. Tell us what your screenname was back in 2013 and let's look.
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Old 05-29-2019, 11:41 AM
 
104 posts, read 90,549 times
Reputation: 159
Quote:
Originally Posted by crazyforger View Post
If it was 6 years ago, I would be compelling everyone to buy.

2018 or 2019 is the time when you get locked in at peak prices.

Hope you use logic instead of getting emotional before you post.
Lol. I have only responded with logic.

You have brought absolutely none to the table, all of your responses are completely emotional and based on speculation with no basis or foundation of truth behind it.

Best of luck to you.
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Old 05-29-2019, 12:20 PM
 
932 posts, read 543,590 times
Reputation: 531
Quote:
Originally Posted by jiping View Post
It should be (Rent - (property taxes+Maintenance+Insurance+Interest) + loss of life quality)

The prime age of adult life is 25 to 54. A nice large house makes more sense during that period of time, when you raise kids, send them to good ISD, and live with a large family. It is less meaningful when your kids are out for colleges, and it becomes a burden when you are even older.

Therefore, when you buy a new house at 25, you get full 30 years of benefits. If you buy at 40, you probably won't get many years before you become an empty nester. If you are 55, many are already looking to downsize their home.

For a $450K house, every month is worth $1250 during the 30-year tenure. You miss it and you never get it back, like the childhood toy you missed. You need to put that loss into your equation.
Finally....a good post.
Repped you

I have taken that into account in my case.

Request everyone to consider that and go for it only if it makes sense
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Old 05-29-2019, 01:24 PM
 
Location: Lancaster, TX
1,637 posts, read 4,105,765 times
Reputation: 2640
Moderator Note: Based on the recent exchanges between posters in this thread, this is my advice. If you can't remain respectful to others you disagree with, step away and return only when you can be civil. The name-calling and petty bickering needs to stop. Thank you.
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Moderator for the Dallas, Fort Worth, Toledo & Shreveport-Bossier City forums.
Moderator posts will always appear in RED and can only be discussed via Direct Message.
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Old 05-30-2019, 09:02 AM
 
932 posts, read 543,590 times
Reputation: 531
https://www.marketwatch.com/story/mo...ets-2019-05-30

3.99% average Nice!
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Old 05-30-2019, 09:21 AM
 
19,793 posts, read 18,085,519 times
Reputation: 17279
Quote:
Originally Posted by crazyforger View Post
People who are looking need to watch this and be ready to move. For most people, even if they don't know it, their interest rate is nearly as important as the home they select.
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Old 05-31-2019, 08:48 AM
 
349 posts, read 379,177 times
Reputation: 518
Quote:
Originally Posted by crazyforger View Post

So? I got 3.75% @ 30 in Sept 2017. My home is up about 25k over recent comp sales vs what I paid ... all of which occurred during a period of increasing mortgage rates.

What is your point? How does this support your falling prices theory?
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Old 05-31-2019, 09:34 AM
 
932 posts, read 543,590 times
Reputation: 531
Quote:
Originally Posted by djslakor View Post
So? I got 3.75% @ 30 in Sept 2017. My home is up about 25k over recent comp sales vs what I paid ... all of which occurred during a period of increasing mortgage rates.

What is your point? How does this support your falling prices theory?
Nothing...just that average mortgage rates are below 4% now
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