- Apr 4, 2004
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any clue where market prices are headed? or interest rates? it seems they havent dropped even though the fed cuts rates
any good sites or forums to check out?
any good sites or forums to check out?
Originally posted by: rudder
Still depends on the area. Here in the Nashville area prices have dropped but no where near places like Florida and California. Construction has slowed and builders are offering killer incentives on what inventory they have now. House prices here will not go too much lower. Other places... I would be more cautious.
Originally posted by: Christobevii3
If your rent is more than the monthly cost of a house including taxes, insurance, maintenance, rent, and the higher utilities; then buy a house. If not, reset till this occurs.
Originally posted by: JohnCU
Originally posted by: Christobevii3
If your rent is more than the monthly cost of a house including taxes, insurance, maintenance, rent, and the higher utilities; then buy a house. If not, reset till this occurs.
what if you don't have a 20% down payment?
Originally posted by: Tooncesthedrivingcat
Originally posted by: JohnCU
Originally posted by: Christobevii3
If your rent is more than the monthly cost of a house including taxes, insurance, maintenance, rent, and the higher utilities; then buy a house. If not, reset till this occurs.
what if you don't have a 20% down payment?
you don't need 20%
Originally posted by: JohnCU
Originally posted by: Tooncesthedrivingcat
Originally posted by: JohnCU
Originally posted by: Christobevii3
If your rent is more than the monthly cost of a house including taxes, insurance, maintenance, rent, and the higher utilities; then buy a house. If not, reset till this occurs.
what if you don't have a 20% down payment?
you don't need 20%
thats what everyone says now with the way credit has dried up
Originally posted by: Christobevii3
If your rent is more than the monthly cost of a house including taxes, insurance, maintenance, rent, and the higher utilities; then buy a house. If not, reset till this occurs.
Originally posted by: savoyboy
now is a good time
Originally posted by: iwantanewcomputer
any clue where market prices are headed? or interest rates? it seems they havent dropped even though the fed cuts rates
any good sites or forums to check out?
Originally posted by: IHateMyJob2004
Originally posted by: iwantanewcomputer
any clue where market prices are headed? or interest rates? it seems they havent dropped even though the fed cuts rates
any good sites or forums to check out?
A home is not an investment. It is where you live. If it is your primary residence figure out what you can afford and buy/not buy based on what you find available.
God, peole treating their homes like commodities is out of hand. You can do that, but you ned to havea 2 year plan (for tax reasons). If you want to invest in real estate, you need to buy/flip in less than 3 months.
Originally posted by: IGBT
Originally posted by: IHateMyJob2004
Originally posted by: iwantanewcomputer
any clue where market prices are headed? or interest rates? it seems they havent dropped even though the fed cuts rates
any good sites or forums to check out?
A home is not an investment. It is where you live. If it is your primary residence figure out what you can afford and buy/not buy based on what you find available.
God, peole treating their homes like commodities is out of hand. You can do that, but you ned to havea 2 year plan (for tax reasons). If you want to invest in real estate, you need to buy/flip in less than 3 months.
..that's why lenders need to establish a standing definition of a "home owner" and require atleat 10 year owner occupancy. Let the property flippers go to Vegas if the want to play with money.