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(English) Does It Make Sense To Buy a Home?

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6 comentarios
  1. David Mott
    David Mott Dice:

    It seems that in the past couple of years, at least one article has appeared online daily that predicted housing prices will continue to fall into a bottomless pit: we are horse whipped doomed to death and there is no hope for anyone ever again. Run away from home ownership as fast as you can! Go find a rental to stay in from some fool that hasn’t sold yet.

    Of course there were some overheated real estate markets, but for some reason the articles made folks wary of real estate in their own home towns. Some people are selling so they won’t lose anymore equity. Some folks are short selling, taking their equity lines and their new boats, cars, and RVs with them. I’ve heard of folks hiding their money with relatives so they can short sell. This might be your neighbor.

    It doesn’t help matters that mortgage lending has tightened. What investor wants to invest in a 30 year mortgage at less than 5%, when inflation is predicted to spring upon us like a coiled snake?

    I had a 13% interest mortgage loan back in the early 80’s. Will we revisit these times?

    The smart people aren’t selling. If need be, they are renting out their property to the same folks that have already sold that need a place to stay while the renters are waiting for the market to officially bottom. If you are one of these renters and have plenty of cash and don’t need a mortgage, good for you. Otherwise, you just reset the clock on the (now mostly) interest payment you will be making towards your new mortgage.

    Meanwhile, google ‘us population chart’ . This line will never dip down like a stock market index, muni-bond index, or gold price. Over time, this line turns up dramatically (look at a chart of an exponential function). With new construction pretty much on hold, pent up demand is building.

  2. Rob Jenson
    Rob Jenson Dice:

    I agree. I’m disclosing that I’m a Realtor. Here are my thoughts. Nobody really did a good job of predicting the peak (except hedge fund guy Paulson) and I doubt anyone is going to accurately call the bottom. Homes provide value & if you are going to be financing a home, today’s lower interest rates will save you a lot more money in the long run, even if prices drop another 10% this year. Interest rates will go up, it’s just a matter of when.


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  1. […] to the original article by Steve Harney at  http://kcmblog.com/2011/01/31/7109/#more-7109 Steve’s Blog is http://www.kcmblog.com Posted by admin Colorado Mortgage Information Subscribe to […]

  2. […] This post was mentioned on Twitter by benchmarkco, Rebekah Radice, Keith Goeringer, Justin Herring, Mark Brian and others. Mark Brian said: Does It Make Sense To Buy a Home?: The financial turmoil we have experienced over the last f… http://bit.ly/hklNNo #realestate […]

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