[eventusstultorummagister]

Originally Posted by AlphaBeta

Bad analogy - in good times or bad, buying a new car depreciates once you drive it off the lot (well, unless you're buying some kind of collector car, but how many of you are doing that?).

I buy cars because I enjoy them, not because I expect to make money off of them when I sell them. To some people, they want to live in a nice and new house at a reasonable (to them) price. Maybe they will live there forever. If so, who cares if the house appreciates or not? It's not like they are going to sell it and take the $$$ with them!

Waiting 12 months to save 10-20% is totally illogical?

[laso]

Originally Posted by eventusstultorummagister

Waiting 12 months to save 10-20% is totally illogical?

Please show me the crystal ball to see 12 months from now housing price will be 10%- 20% lower or stock will be 10-20% higher.So i could jump in.....

[eventusstultorummagister]

Originally Posted by laso

Please show me the crystal ball to see 12 months from now housing price will be 10%- 20% lower or stock will be 10-20% higher.So i could jump in.....

You purchased your home in July 2011 and you are 10-20% (negative equity) right now, how's that?

BTW, find my post @buy gold, you would be up more than 10-20% now (like me).

[airics]

not necessarily... assuming a 125k home...10% loss = $12500..... rent at 1200 per month = 14400 out the window....but we all know you are the lifetime renter...waiting for the homes to be free...

[laso]

Originally Posted by eventusstultorummagister

You purchased your home in July 2011 and you are 10-20% (negative equity) right now, how's that?

BTW, find my post @buy gold, you would be up more than 10-20% now (like me).

Sure you can always tell the winning lottery number after its open.
I had my 999%gold since 1970's. Im not even talk about how many fold I already made today if I sell.

[laso]

By the way. 999% pure gold worth more than 24k

[WestieJeff]

Gold is up 2.16% in the last year. But we all know you knew the all the right spots to buy and sell!

Originally Posted by eventusstultorummagister

BTW, find my post @buy gold, you would be up more than 10-20% now (like me).

[lvoc]

Originally Posted by eventusstultorummagister

You purchased your home in July 2011 and you are 10-20% (negative equity) right now, how's that?

BTW, find my post @buy gold, you would be up more than 10-20% now (like me).

Let us see. The SFR average home in July 2011 was $151,077. The same home last month was $159,466.

Well maybe the median house will help you more. In July 2011 them median SFR sold for $122,000. Last month it sold for $127,900.

So your gold needed to do around 4% to break even...But we hear 2.16% for the last year.

Hmmm. Do you understand how this stuff works?

[laso]

1+1=11 ???
I guess that how this stuff works.

[eventusstultorummagister]

Usual suspects...
1. Real Estate Agent
2. Mark (buyer who bought into the RE agent's hogwash)

Yes, in the interim I've flipped my cash with Gold & Apple. Just waiting for the distressed luxury homes that the banks are sitting on now! To each his own.