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Reply #44: We pay $1450 for rent. Housing prices dropped 10% last year. [View All]

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joeunderdog Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-28-06 08:40 PM
Response to Reply #18
44. We pay $1450 for rent. Housing prices dropped 10% last year.
Edited on Tue Mar-28-06 08:41 PM by joeunderdog
Up in the Northeast, we saved $40-50K easily off the price of our house. Can't make that up in a few K in tax breaks. This year, the market will drop even more, and we will be paid for our patience. In the meantime, what we might lose in interest rate hikes, we will save in putting down a bigger down payment and depreciation of purchase price in the neihborhood of $100k. A house in our neighborhood dropped exactly that much in price from listing to agreement this year. Others will follow in this fantasy housing bubble up here.
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  -The "danger years" for homeowners LunaC  Mar-28-06 03:46 PM   #0 
  - In Hartford, they've reduced the size of newspaper Foreclosure ads...  Atman   Mar-28-06 03:48 PM   #1 
  - only for stupid people who take risky mortgages...  Dem Agog   Mar-28-06 07:12 PM   #42 
  - They knew what they were getting into.  dubyaD40web   Mar-28-06 03:48 PM   #2 
  - And that's easily increased with increased bullshit tax valuations  lonestarnot   Mar-28-06 03:50 PM   #3 
  - Did they? The realty and mortgage banking industry pushed the  Iris   Mar-28-06 03:51 PM   #4 
  - are right ....I am in the Seattle area and  MadMaddie   Mar-28-06 03:54 PM   #5 
     - Funny about the curtains.  CrispyQGirl   Mar-28-06 04:04 PM   #11 
     - It's the little things.....that you notice...  MadMaddie   Mar-28-06 04:33 PM   #16 
        - Wow--I've seen that, too--  bliss_eternal   Mar-28-06 05:04 PM   #28 
     - Not to mention the zoning laws and the builders  gratuitous   Mar-28-06 04:57 PM   #26 
     - Reminds me of a friend of mine with 3 sons.  Iris   Mar-28-06 05:07 PM   #30 
     - starter and empty-nester homes are going gangbusters here near Houston  elehhhhna   Mar-28-06 05:50 PM   #34 
     - I'll agree with you on that.  sentelle   Mar-28-06 09:59 PM   #47 
  - Yeah... my county assessment went up by $100K this year  thecrow   Mar-28-06 03:54 PM   #6 
  - Right back at you!  LostinVA   Mar-28-06 04:42 PM   #19 
  - "Forty-three percent put down no money at all"  wicket   Mar-28-06 03:54 PM   #7 
  - O down....yea it's going to be a huge forclosuer mess....  MadMaddie   Mar-28-06 03:58 PM   #8 
  - Even worse 25% interest only loans, and more than 1/2 adjustable  BR_Parkway   Mar-28-06 04:35 PM   #17 
  - Home-ownership is not for everyone  dbackjon   Mar-28-06 03:59 PM   #9 
  - why shouldnt there be a deduction for mortgage interest?  pimpbot   Mar-28-06 04:21 PM   #14 
  - Why should you get a deduction and people without a mortgage..  harpo   Mar-28-06 05:06 PM   #29 
  - Of course there should be -- why take away the upper lower and  LostinVA   Mar-28-06 04:45 PM   #21 
  - I disagree with that last statement  CAcyclist   Mar-28-06 05:02 PM   #27 
  - I agree with more mortgage deduction...quit encouraging borrowing  harpo   Mar-28-06 05:12 PM   #32 
  - I had the same reaction when I drove past one of those 0% down signs  Lars39   Mar-28-06 04:01 PM   #10 
  - No-interest down loans are okay  LostinVA   Mar-28-06 04:44 PM   #20 
  - my neighbor had his house foreclosed on due to home equity loan  harpo   Mar-28-06 04:05 PM   #12 
  - I understand the "danger years" because...  TreasonousBastard   Mar-28-06 04:09 PM   #13 
  - I knew that I'd see this posted today  brmdp3123   Mar-28-06 04:22 PM   #15 
  - Meaning??? Is the "glass half-empty" thinking on CNN or on DU?  KrazyKat   Mar-28-06 04:46 PM   #22 
  - If it were half-empty...  sendero   Mar-28-06 04:50 PM   #23 
     - It happened during another republican admin.  bliss_eternal   Mar-28-06 05:09 PM   #31 
     - Speculation....  sendero   Mar-28-06 05:16 PM   #33 
        - Yes...  bliss_eternal   Mar-28-06 05:53 PM   #35 
           - Fear and greed..  sendero   Mar-28-06 06:20 PM   #37 
              - I gues that is why the real estate seminars  bliss_eternal   Mar-28-06 06:26 PM   #38 
              - Not to mention all of the..  sendero   Mar-28-06 06:36 PM   #39 
                 - I didn't realize it,  bliss_eternal   Mar-28-06 07:15 PM   #43 
              - No sympathy here for the greedy....  Ragazz68   Mar-28-06 09:23 PM   #45 
     - It happened in Texas to the Mobile Home industry in the early 80's  Horse with no Name   Mar-28-06 06:50 PM   #40 
        - Wow--sounds like a huge mess...  bliss_eternal   Mar-28-06 07:11 PM   #41 
  - 30-year fixed, 5.5%, baby.... house payment lower than rent  LostinVA   Mar-28-06 04:39 PM   #18 
  - We pay $1450 for rent. Housing prices dropped 10% last year.  joeunderdog   Mar-28-06 08:40 PM   #44 
  - I am so glad I have a fixed rate mortgage!  debbierlus   Mar-28-06 04:52 PM   #24 
  - I put 20 percent down on my houses, and got fixed rate loans.  tjwash   Mar-28-06 04:55 PM   #25 
  - China owns most mortgages now  soothsayer   Mar-28-06 05:55 PM   #36 
     - ARE YOU SERIOUS?? I had no idea  spooked   Mar-28-06 09:51 PM   #46 

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