Comments on: Reader Response: Should I Buy A House Right Now? http://mywifequitherjob.com/reader-response-should-i-buy-a-house-right-now/?utm_source=rss&utm_medium=rss&utm_campaign=reader-response-should-i-buy-a-house-right-now Starting An Online Business When Your Wife Wants to Stay at Home With the Kids Tue, 07 Feb 2012 23:57:06 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Housing Has Dropped And Rates Are Low - Should I Buy A House? | MyWifeQuitHerJob.com http://mywifequitherjob.com/reader-response-should-i-buy-a-house-right-now/comment-page-1/#comment-1402 Housing Has Dropped And Rates Are Low - Should I Buy A House? | MyWifeQuitHerJob.com Fri, 17 Apr 2009 22:23:06 +0000 http://mywifequitherjob.com/?p=4181#comment-1402 [...] Reader Response: Should I Buy A House Right Now? [...] [...] Reader Response: Should I Buy A House Right Now? [...]

]]> By: David Siteman Garland http://mywifequitherjob.com/reader-response-should-i-buy-a-house-right-now/comment-page-1/#comment-1382 David Siteman Garland Tue, 14 Apr 2009 22:44:17 +0000 http://mywifequitherjob.com/?p=4181#comment-1382 Steve, Excellent post as usual. I bought a condo in October and it has worked out to be a great decision. Obviously it depends on life situation, goals, money, etc. but I'm a big fan of owning. I went condo because I'm young-ish, no kids or wife, and I'm not a big fan of yard work. And like a psycho and we turned my condo into half a production studio for The Rise To The Top...sigh. Good luck either way! -D Steve,

Excellent post as usual. I bought a condo in October and it has worked out to be a great decision.

Obviously it depends on life situation, goals, money, etc. but I’m a big fan of owning. I went condo because I’m young-ish, no kids or wife, and I’m not a big fan of yard work.

And like a psycho and we turned my condo into half a production studio for The Rise To The Top…sigh.

Good luck either way!

-D

]]> By: Reader Response: Should I Buy A House Right Now? http://mywifequitherjob.com/reader-response-should-i-buy-a-house-right-now/comment-page-1/#comment-1376 Reader Response: Should I Buy A House Right Now? Mon, 13 Apr 2009 19:25:40 +0000 http://mywifequitherjob.com/?p=4181#comment-1376 [...] News Sources wrote an interesting post today onHere’s a quick excerptI received a surprisingly large number of emails after writing my last article entitled Housing Has Dropped And Rates Are Low - Should I Buy A House? so I thought I’d devote a blog post to addressing some of these mails. I was kind of shocked because the majority of emails that I received were in favor of purchasing a house right now despite the mathematical analysis that I performed in my last article. So I went ahead and picked some of the strongest arguments from these emails to addre [...] [...] News Sources wrote an interesting post today onHere’s a quick excerptI received a surprisingly large number of emails after writing my last article entitled Housing Has Dropped And Rates Are Low – Should I Buy A House? so I thought I’d devote a blog post to addressing some of these mails. I was kind of shocked because the majority of emails that I received were in favor of purchasing a house right now despite the mathematical analysis that I performed in my last article. So I went ahead and picked some of the strongest arguments from these emails to addre [...]

]]> By: Steve http://mywifequitherjob.com/reader-response-should-i-buy-a-house-right-now/comment-page-1/#comment-1375 Steve Mon, 13 Apr 2009 18:59:15 +0000 http://mywifequitherjob.com/?p=4181#comment-1375 @Eric Things are definitely more complicated especially when it comes to real estate. There are a lot of emotions involved with purchasing a home and I've been fighting all of them lately. In any case, it's impossible to predict the future. Who knows, I could be completely wrong. Judging by your blog and business, I'm sure you're doing just fine:) @SavingDiva I hear you. I can't wait to have a backyard as well. I'm really looking forward to buying a house but I need to feel good about the purchase before I take the plunge @FFB I agree with you. In the short term, I think it will be highly unlikely that rates will rise significantly unless inflation spikes out of control. I think the key to real estate or any investment for that matter is perception. If we have high inflation and rates have to rise, as long as real estate is perceived to be a poor investment, prices will continue to drop until rental prices stack up. The main point of the argument though is that your purchasing decision should not place too much emphasis on the interest rate itself. @Eric
Things are definitely more complicated especially when it comes to real estate. There are a lot of emotions involved with purchasing a home and I’ve been fighting all of them lately. In any case, it’s impossible to predict the future. Who knows, I could be completely wrong. Judging by your blog and business, I’m sure you’re doing just fine:)

@SavingDiva
I hear you. I can’t wait to have a backyard as well. I’m really looking forward to buying a house but I need to feel good about the purchase before I take the plunge

@FFB
I agree with you. In the short term, I think it will be highly unlikely that rates will rise significantly unless inflation spikes out of control. I think the key to real estate or any investment for that matter is perception. If we have high inflation and rates have to rise, as long as real estate is perceived to be a poor investment, prices will continue to drop until rental prices stack up. The main point of the argument though is that your purchasing decision should not place too much emphasis on the interest rate itself.

]]> By: FFB http://mywifequitherjob.com/reader-response-should-i-buy-a-house-right-now/comment-page-1/#comment-1374 FFB Mon, 13 Apr 2009 18:23:34 +0000 http://mywifequitherjob.com/?p=4181#comment-1374 I'm not so sure about argument #1. In order for rates to rise as high as you are wanting the economy would really have to be booming such that the Fed felt it necessary to raise rates (or inflation was out of control). That may take a long time to get to a point like that. Potentially the value of homes could decrease in such a scenario but how much will they go up until that point? Housing prices have dropped significantly even with low interest rates right now. If housing prices are the concern then soon would be a great time to buy. I’m not so sure about argument #1. In order for rates to rise as high as you are wanting the economy would really have to be booming such that the Fed felt it necessary to raise rates (or inflation was out of control). That may take a long time to get to a point like that.

Potentially the value of homes could decrease in such a scenario but how much will they go up until that point? Housing prices have dropped significantly even with low interest rates right now. If housing prices are the concern then soon would be a great time to buy.

]]> By: SavingDiva http://mywifequitherjob.com/reader-response-should-i-buy-a-house-right-now/comment-page-1/#comment-1371 SavingDiva Mon, 13 Apr 2009 17:47:32 +0000 http://mywifequitherjob.com/?p=4181#comment-1371 I'm mainly purchasing a condo because of option 4. Right now, my rent will be about equal to my monthly payment (mortgage, HOA, and taxes). I will probably pay more for insuring my stuff, but it will be only a small amount more. However, the rent in my area is increasing...and I am living in one of the least expensive areas in the city (that isn't extremely dangerous). However, I am looking forward to #5. A small little backyard is going to be a totally new experience for me. I also plan on painting the bedroom a light blue....I'm done with all white walls :) I’m mainly purchasing a condo because of option 4. Right now, my rent will be about equal to my monthly payment (mortgage, HOA, and taxes). I will probably pay more for insuring my stuff, but it will be only a small amount more. However, the rent in my area is increasing…and I am living in one of the least expensive areas in the city (that isn’t extremely dangerous).

However, I am looking forward to #5. A small little backyard is going to be a totally new experience for me. I also plan on painting the bedroom a light blue….I’m done with all white walls :)

]]> By: Eric Hamm | Motivate Thyself http://mywifequitherjob.com/reader-response-should-i-buy-a-house-right-now/comment-page-1/#comment-1369 Eric Hamm | Motivate Thyself Mon, 13 Apr 2009 16:53:14 +0000 http://mywifequitherjob.com/?p=4181#comment-1369 We bought our first house (the one we're in right now) about 3 years ago. The housing bubble had not yet popped and so our purchase was of a house with an inflated price. The idea was that no matter what, the value would keep shooting up and we'd be able to sell in a few years and make a nice chunk of change to put down on a nice house upgrade. Well, this of course didn't happen and now we're a bit up-side-down in the value of our home. We intended on stay at least 5 years anyway, but it still was bad timing, no doubt. Renting right now seems to be the way to go. If we had to make the choice right now we would probably be signing a lease as we speak. Live and learn. But it certainly is more complicated than some make it out to be. There are advantages to both, but with this economy, it's that much harder to make (or even know) the right decision. Eric We bought our first house (the one we’re in right now) about 3 years ago. The housing bubble had not yet popped and so our purchase was of a house with an inflated price. The idea was that no matter what, the value would keep shooting up and we’d be able to sell in a few years and make a nice chunk of change to put down on a nice house upgrade.

Well, this of course didn’t happen and now we’re a bit up-side-down in the value of our home. We intended on stay at least 5 years anyway, but it still was bad timing, no doubt.

Renting right now seems to be the way to go. If we had to make the choice right now we would probably be signing a lease as we speak. Live and learn. But it certainly is more complicated than some make it out to be. There are advantages to both, but with this economy, it’s that much harder to make (or even know) the right decision. Eric

]]> By: Reader Response: Should I Buy A House Right Now? · Real-Estate.ExplainedHere.Com http://mywifequitherjob.com/reader-response-should-i-buy-a-house-right-now/comment-page-1/#comment-1367 Reader Response: Should I Buy A House Right Now? · Real-Estate.ExplainedHere.Com Mon, 13 Apr 2009 16:26:08 +0000 http://mywifequitherjob.com/?p=4181#comment-1367 [...] Original post by MyWifeQuitHerJob.com [...] [...] Original post by MyWifeQuitHerJob.com [...]

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