Date: May 9th, 2012 3:36 PM
Author: ...,,.,.,.,.,,,...,,...,.,.,..,.,.,.,.,,.,.,,...,,

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?

(http://www.autoadmit.com/thread.php?thread_id=1944445&forum_id=2#20654232)

Date: May 9th, 2012 3:37 PM
Author: hank_scorpio

almost certainly

how old are you and do you have kids?

(http://www.autoadmit.com/thread.php?thread_id=1944445&forum_id=2#20654238)

Date: May 9th, 2012 3:42 PM
Author: ...,,.,.,.,.,,,...,,...,.,.,..,.,.,.,.,,.,.,,...,,

DINK

dual income no kids

30 years old

(http://www.autoadmit.com/thread.php?thread_id=1944445&forum_id=2#20654272)

Date: May 9th, 2012 3:48 PM
Author: hank_scorpio

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: Slow Children Playing

Gj.

Home ownership is a boomer scam like "education"

(http://www.autoadmit.com/thread.php?thread_id=1944445&forum_id=2#20654305)

Date: May 9th, 2012 3:48 PM
Author: ..,.,...;;..,.,.,:,,:,...,:::,...,:,.,.:..,.,.



(http://www.autoadmit.com/thread.php?thread_id=1944445&forum_id=2#20654320)

Date: May 9th, 2012 3:49 PM
Author: SD Soybean Assn. Young Leader Award Recipient

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)

Date: May 9th, 2012 3:52 PM
Author: Slow Children Playing

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

(http://www.autoadmit.com/thread.php?thread_id=1944445&forum_id=2#20654349)

Date: May 9th, 2012 3:55 PM
Author: SD Soybean Assn. Young Leader Award Recipient

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)

Date: May 9th, 2012 3:48 PM
Author: ..,.,...;;..,.,.,:,,:,...,:::,...,:,.,.:..,.,.

why do you hate america bro?

(http://www.autoadmit.com/thread.php?thread_id=1944445&forum_id=2#20654318)

Date: May 9th, 2012 3:48 PM
Author: ...,,.,..,,..........,,,.,.,....,,....,.........,

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

(http://www.autoadmit.com/thread.php?thread_id=1944445&forum_id=2#20654323)

Date: May 9th, 2012 3:54 PM
Author: TannerBoyle

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)

Date: May 9th, 2012 3:57 PM
Author: ...,,.,.,.,.,,,...,,...,.,.,..,.,.,.,.,,.,.,,...,,

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)

(http://www.autoadmit.com/thread.php?thread_id=1944445&forum_id=2#20654376)