Every time an old thread gets bumped up from years ago, and I read post from posters that are long gone. I get reminded about how great this site USE to be.
Not even going to comment on him getting banned at the risk of me being banned.
I will just say nicely this forum is in deep need of power posters right about now, and Doug was one of the very best power posters they ever had.
Not even going to comment on him getting banned at the risk of me being banned.
I will just say nicely this forum is in deep need of power posters right about now, and Doug was one of the very best power posters they ever had.
If prices go down further and/or its tough to rent because your area of the country is hit harder by recession than most then you could definitely go wrong.
That being said, 3.5% or whatever on a 15yr fixed or 4.5% on a 30yr fixed sure is low and makes it affordable. Also property taxes not appreciating at the rates they did last decade anymore which is good...
I know nothing about WV but I'm guessing its a low appreciation area and unless your in it for long-haul equity I wouldn't do it.
Something is odd here at RX, seems a bit less active. But I would think the several mods would at least start a few topics every --- so there would be like 20 threads (4 mods maybe 5 threads). There is no power poster in the OS, and many of the power poster OS posters are gone with no one to pick up the slack.
I believe action creates more action and is very synergetic at least for now this is lacking, I asked for state of therx around Superbowl time and got no response. The Rx needs a few Dougs etc.
I believe action creates more action and is very synergetic at least for now this is lacking, I asked for state of therx around Superbowl time and got no response. The Rx needs a few Dougs etc.
Still waiting. I think Cisco is just stuck even 6 years later.
Oh boy.
I still believe that to be true. It is the single best long term, 15 years, investment you can make........I also believe the housing market will be back in less than 5 years..... Shear numbers will make that true. Think of it this way, when the population increases people gotta live somewhere? Even though it is not that simple lol
Nope, have not even come close to the bottom yet. We are not even half way there.
Wait till the full weight of the foreclosed inventory hits the market along side rising interest rates.
Once that happens, then you will see the bottom.
We are still closer to the top then bottom.
Cash will be king in few years.
You may be able to scoop up an entire subdivision for the same price a single house cost on that same subdivision in a few years.
I may be slightly overdoing it.
But the main point is, we are still way way way too high.
We are closer to the top then the bottom.
I expect at least another 40% drop in the next 5 years.
It will take another 4 or 5 years to hit full bottom.
We still have fanny and freddie that his not been worked out yet.
I see so much more downside we have not even hardly begun yet.
But the main point is, we are still way way way too high.
We are closer to the top then the bottom.
I expect at least another 40% drop in the next 5 years.
It will take another 4 or 5 years to hit full bottom.
We still have fanny and freddie that his not been worked out yet.
I see so much more downside we have not even hardly begun yet.
Even today location still matters.
But there will be many many places where todays prices will be much higher then 15 years from now.
if you wait 5 years and then purchase the same house. It will be worth more then you paid 10 years later I think.
