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We are scarce on furniture that would add a bit of comfort... Figured, why buy now, it may not go with the new home. The place does not have a dishwasher, and I did not realize that at the time. We are having to do a lot of manual dish washing every night, and are sick of it. Nothing really major, I know, but the little things do make a difference in your day to day life... Other than that the rental is very nice and comfortable, lots of space, etc... We may have to wait for the February numbers to see if there is a trend...
The furniture market is thankfully different from the housing market -- you have motivated sellers who are willing to offload at a fraction of the price. Try craigslist.
Given a choice between furniture resales and house resales, the furniture is a much better deal
They're just selling it on to Fannie and Freddie so us taxpayers can do some more bailing out. F&F are already overpaying for mortgages and are drowning in debt. This'll end well.....
Oh I know that.
The question for me is do I knowingly overpay for a house because the government will likely inflate its way out of this and 20:1 leverage fixed at 5% is a joyous thing if inflation kicks up.
Or will the government wake up in which case I should wait until interest rates hit 20%...
As someone who is currently home shopping, I can't wait for the tax rebate to end. Its amazing how many sellers are clinging to that rebate as an excuse to have a higher price.
If interest rates go up a little and prices come down a bit, it would almost equal out for a buyer. Unfortunately, not for the seller. That is why we are now bottomed out, and when the forclosure inventory is depleted, can we establish a true feel for what the market will bear. Another government program or incentive will come and go, but as some of you said, the economy cannot depend on buying and selling. We need to bring back manufacturing and stop out sourcing jobs. We need to stop giving our work away to illegals, and take back our economy.
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