Holy Crap.. I don't get it..
- Thread starter ruffryder
- Start date
S
sw Pub
Well-known member
Seems like there are a lot of foreclosures on personal integrity. I'm still old-school ... if you can't afford it, don't buy it. If you use credit, pay off the card each and every month. If you can't pay off a charge within the month, don't buy it.
Nothing worse than dirtbags racking up the debt and then walking away from it.
Nothing worse than dirtbags racking up the debt and then walking away from it.
Yah, but it looks more and more like good people doing it, well used to be good people anyways....
Maybe I'll be able to afford a new sled this year afterall!! 
We are SOOOO not done with the real-estate bubble yet.
Or....elect them to office.
doh!!
Man, with all this talk about housing and the second bubble coming, makes me cringe about trying to buy a house in the next year..
Tough decisions these days. At least we should have enough cash to do 20% down on something if we decide to go that route...
How many people know that the latest housing tax credit was only 10% of house value up to 8k, not 8k straight up.
This is an excellent time to BUY a house, low interest rates and low prices. Investors are buying up houses like crazy to make $$ later.
mmmm... not really.. Houses I have been watching in the 250 -350k range are dropping 50k from asking price and still not selling.
Still TONS of houses in foreclosure that aren't moving too...
It is a good time to buy from that standpoint.
But...
There is a VERY strong likelihood that the market has not yet found it's bottom, and that future deals will be even better.
Mortgage rates may well have hit their all time low though, but there is still a lot of room for home value depreciation still left in the system from the runup a few years ago.
Home prices may drop in some areas, but interest rates will probably go up.....so.....probably won't get a better deal than now unless paying cash. Tough to say for sure, but I know my home has dropped 150K in value in the last 18 months....glad I'm not selling!
Ya, I think we ARE only going to see interest rates go UP from here on.
So whether or not it's a deal will depend on how much more the home values drop as the economy continues to limp along.
So whether or not it's a deal will depend on how much more the home values drop as the economy continues to limp along.
No selling, just buying..
yah, that is the big question right there. I noticed BECU dropped .6% on their financing rate in the last couple of days.
**** them. We pay our morgage and can't go to Outback sometimes.That's what we gave up to build our house and maintain our honor and integrity. And when I say "build our house", I mean we did almost all of it ourselves.
Reality probably is that if you buy a house right now, A ,are you very comfortable with your job out look?, B, If you buy and the value goes down, can you work with that?? Personally to run out and buy because interest might be going up is the wrong reason.I doubt very seriously that values will climb drastically however the flip side is downward and how much. Things are tough out there for many people and more all the time. If i was good at giving advice i would be very very cautious theses days.
Very good points on all of that. Only reason to buy is if it makes financial sense compared to renting and if we are going to be in the area for a while. Job prospects are pretty good, but you never know these days..
So these people owe double on the house than what it is worth. So they feel it is ok to just walk away from paying, or in this case stop paying but stay.
What about all of the peole who bought their homes for dirt cheap, and now they are worth way more. You never see those people selling it for what they paid, because"it would be wrong to take the extra".
What about all of the peole who bought their homes for dirt cheap, and now they are worth way more. You never see those people selling it for what they paid, because"it would be wrong to take the extra".
Excellent point!! People screw themselves and it is everyone elses fault. People prosper greatly, and it is only by their hand..
The way the world works these days.
