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It is a great time to buy now - Former Doomer

I was a doomer and now I am a cheerleader. It is a wonderful time to buy now and please hurry up.

 

Rates are lower

 

Homes priced right are flying off the market

 

It is picking up.

 

Go NOW.

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April 18 2008 - US

Replies (24)

Profile picture for JimSulli456
Real Estate Agent
Contributions: 2863

Who is this? 

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April 18 2008

I got hurt in two houses. I was waiting and thinking about those houses and man it came to the market and it was gone. Jim - I know you, you know me and we know each other very well. Now is a wonderful time.

 

Rob - What u think?

 

Buy now if you can afford.

 

Buy now if you rent vs buy makes sense.

 

Sellers are smart and there is no over correction that is going to happen.


Whatever that needs to come down has already come down so GO.

 

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April 18 2008
Profile picture for tldtms
Contributions: 784

another reason Zillow needs to display reverse IP information

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April 18 2008
Profile picture for JimSulli456
Real Estate Agent
Contributions: 2863

Give me some clues!!

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April 18 2008

No clues. I am a cheerleader now and I strongly believe that market is picking up. Jim & tldtms - why you care so much about doing a reverse lookup?

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April 18 2008
Profile picture for JimSulli456
Real Estate Agent
Contributions: 2863

I don't care about your IP address...seriously, I just want to know who you are.

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April 18 2008

I wil try to protect my identity and wants to be called FDCL because there are some morons out here.

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April 18 2008
Profile picture for JimSulli456
Real Estate Agent
Contributions: 2863

Alrighty

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April 18 2008

Wow! Lets see who were the doomers back then. 1) Debtsnmesses bought a house. 2) ghennis mentioned that he was on escrow a month ago. 3) pinksandbaby recently bought a house but she'd never been a doomer. Hmm, who could it be?

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April 18 2008
Profile picture for klarek the realist
Contributions: 6695
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They didn't say they were a former zillow doomer.  Personally, I don't care who they are.  They'll get tired of blowing smoke up our asses within a week.

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April 18 2008

Enough of this Doomers Nightmare. I am a careful cheerleader not like you. I do all the analysis and if it makes sense with a 20% down I will buy.

 

Got house? - This will be on the back of my Shirt now.

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April 18 2008

Enough of this Doomers Nightmare. I am a careful cheerleader not like you. I do all the analysis and if it makes sense with a 20% down I will buy.
Good for you that you got a good deal. Yes I agree you have to be a careful homeowner. I bought my house back in 1998. Back then, getting a home loan is just like pulling teeth. You have to show your income in the last 30 days, Have a 2 yrs steady employment, have to have acceptable FICO score and minimum 5% downpayment, Heck, they made me pay down my credit card first before I could get a loan. Welcome to homeowners club whoever you are "FORMERDOOMER"!

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April 18 2008
Profile picture for azrob
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Pending in AZ have picked up a whole lot, there is a spring bounce. Closings however are still down some 30% year over year. some of the pendings are short sales, which linger longer than regular pendings, and may inflate that stat.

 

However, foreclosures in Phoenix have taken a huge jump this month, and will shatter the last record.

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April 18 2008
Profile picture for Waiting4Ever
Contributions: 683

what did you buy?

we'll help you analyze if you're going to be "underwater" soon

 

anyways

 

good luck

 

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April 18 2008

Rob - It doesn't matter. If you are for the long haul and

 

* Rent vs Buy makes sense

* Have enough money to put down

* Prices are better than comps

* Fewer homes in that price range

* Not many future foreclosures in your area

* If you can afford it

then it is a Great time to buy.

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April 18 2008
Profile picture for basbh
Contributions: 148

I think Alpine just revealed his new name. What a donkey.

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April 18 2008
Profile picture for azrob
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formerwhatever:

 

Whatev... who cares, you buy when you want, I'll buy when i want... I have thousands of hours studying bubbles, typically they correct right on past fundamental value, and keep on falling... If you bought solid tech stocks at or near the bottom, you doubled your money by now, ditto stocks and housing in the great depression. Furthermore, bottoms are long and broad, so there is literally no risk whatsoever of missing the good deals...

 

It is my personal belief that we are just getting started on this particular housing correction, but well see. Check back in a couple of years....

 

 

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April 18 2008

az - I freaked out and changed my tune since I missed two similar houses in a very short period of time and someone snapped it. I know I can buy another one in future and it is going to come. I changed my tune because of a sudden market pickup. I also analysed the homes that closed and most of the are priced very well. Bargain hunters are buying homes like you said - Good tech stocks. It is time for doing that now and I don't think in good markets it will last very long.

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April 18 2008

way to go... I hate to see doomers complain again later on that they missed the boat...

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April 18 2008
Profile picture for Waiting4Ever
Contributions: 683

17.9 million houses/condos for sale

2.9 million of them vacant

going fast, better get one now

are they going to build anymore?  ever?

 

anyways

 

good luck

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April 18 2008
Profile picture for Jack Bauer

There are only 4.5 million houses for sale, not 17.9 million. 

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April 18 2008
Profile picture for aapostrophe
Contributions: 593
that sure was a quick mystery.
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April 18 2008
Profile picture for Waiting4Ever
Contributions: 683

from Bankrate.com article yesterday

http://finance.yahoo.com/real-estate/article/104860/Is-It-Time-to-Buy-Real-Estate?

 

"Overall my consensus is to wait another year to see how the housing market settles and see how capital gains plays out," says DeRose. She bases her thoughts on the fact that Census Bureau Data indicates this is the highest housing inventory in history with 17.9 million housing units available. In addition, foreclosures are at an all time high. 

maybe she is wrong, not sure

she says 17.9 million units available


anyways

 

good luck

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April 19 2008
Profile picture for CORONA NICK
Contributions: 2135
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I still see an empty foreclosure across my street that has been trying to sell for the past year.

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April 19 2008
 

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