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Decided not to buy a home. Good decision?
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Date: May 9th, 2012 3:36 PM Author: Bespoke Digit Ratio Orchestra Pit SF Bay Area.
Approved up to a 400,000 loan, FHA, so we'd only have to put down 3.5%.
When we tallied up ALL the monthly costs - mortgage, PMI, taxes, HOA (can't afford a single family at this price range), renting would still be vastly cheaper for similar places (even with tax benefits taken into account).
Good decision? |
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Date: May 9th, 2012 3:37 PM Author: Duck-like therapy almost certainly
how old are you and do you have kids? |
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Date: May 9th, 2012 3:42 PM Author: Bespoke Digit Ratio Orchestra Pit DINK
dual income no kids
30 years old |
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Date: May 9th, 2012 3:48 PM Author: Duck-like therapy then trying to buy a shitbox makes especially little sense I'd think, maybe ever, unless you really want to retire in SF (http://www.autoadmit.com/thread.php?thread_id=1944445&forum_id=2#20654322) |
Date: May 9th, 2012 3:46 PM Author: gold vibrant plaza pocket flask Gj. Home ownership is a boomer scam like "education" |
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Date: May 9th, 2012 3:48 PM Author: Violet Trip Set Faggotry (http://www.autoadmit.com/thread.php?thread_id=1944445&forum_id=2#20654320) |
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Date: May 9th, 2012 3:49 PM Author: chartreuse anal university lettuce how can building equity be a scam? i'm assuming that the npv of homebuying is at least equal to renting for thirty years and having nothing to show for it, which seems likely (though not guaranteed and not obvious from the op's situation). (http://www.autoadmit.com/thread.php?thread_id=1944445&forum_id=2#20654332) |
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Date: May 9th, 2012 3:52 PM Author: gold vibrant plaza pocket flask Just build equity is over little breh. Home prices are still inflated. Boomers want to cash in on their historic outrageous highs and leave you holding the bag. Theres no more money in houses. Find a different scam |
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Date: May 9th, 2012 3:55 PM Author: chartreuse anal university lettuce i would agree that home prices are still inflated. i see what you're saying. why is the market still tolerating this inflation? why not just short everybody's house? (http://www.autoadmit.com/thread.php?thread_id=1944445&forum_id=2#20654363) |
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Date: May 9th, 2012 3:48 PM Author: Violet Trip Set Faggotry why do you hate america bro? (http://www.autoadmit.com/thread.php?thread_id=1944445&forum_id=2#20654318) |
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Date: May 9th, 2012 3:48 PM Author: 180 Maroon Crotch Halford Ny times rent v. buy calculator. all you need to know
In most of the country, buying is a no-brainer. In SF, you probably made the right move |
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Date: May 9th, 2012 3:54 PM Author: Hyperactive aromatic location genital piercing not sure..its probably the best time in our lifetimes to but but may not in the bay area. (http://www.autoadmit.com/thread.php?thread_id=1944445&forum_id=2#20654357) |
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Date: May 9th, 2012 3:57 PM Author: Bespoke Digit Ratio Orchestra Pit The Bay Area never had a "bottom" because it wasn't hit as hard by the Great Recession due to tech, and now it's getting crazy here. It's like 1999 models and bottles.
Maybe I'll wait for the next bust (which may never come though) |