Profile picture for PukonYukon

to buy or not to buy

this site is overdue for a heated argument.   Go for it!
Is it time to buy?

  • June 24 2011 - Long Beach
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (18)

Profile picture for wetdawgs
yeah, NO! yes... ummm, NO NO NO!  YES YES YES!!  NO SIREE NO! unh hunh, Yup, nah, no way, YES, No...
  • June 24 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for SoCal Engr
Unfortunately, there's not much to argue about.

If you're ready to buy and have the resources, then rates are pretty good and houses are down off of their highs - even if they might still go down a bit more.

If you want to buy but aren't ready, then about the only real vehicle is FHA - and even there a lot of folks aren't qualifying.

Bottom line is...

There really isn't any big arguments about the current/future market. Just the aftermath of prior arguments that were resolved by the 2007 crash. Heck, it's even been a while since we've had a "now is the time to buy" drive-by.

p.s. And, for some reason, most of the folks on the forums these days appear to be "heads-down" trying to stay afloat - too busy to really engage in interesting discussions.
  • June 24 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

@wetdawgs - lol
  • June 24 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for Dunes....
  • June 24 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for Michael Helton
NAR wants you to sell AND buy!  Just use Realtors!
  • June 24 2011
  • 1Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for Connie Klemme

sure what do you want to buy?
I've got lots of things to sell, a few dirt bikes that I'm too old to ride, a box of s&H greenstamps that my mother in law was still saving. there's probably a typewriter in the attic, and I'll be selling my house soon.  oh and I own about 5000 shares of polaroid stock that was worth .0013 cents on the last day that I could have sold it- still shows on my portfolio with a negative value...so I'd have to pay you to buy it I guess.

but i've got no interesting argument for you. 

  • June 24 2011
  • 1Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

yes, it is, for some.........no, it isn't, for others
  • June 24 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for NY Broker
lolol - buy while rates are low, wont be this low for ever
  • June 25 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for the_country_hick
Steven, you could also say buy while house prices are this high. They will not always remain at this high of a price level forever.
  • June 25 2011
  • 1Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Recommend you research real estate data for the area you would like to purchase.  One should never base their decision to/not to purchase on data that is reflective of what the nation as a whole is doing.  Determine why you are thinking of purchasing a home, how long will you live in the new home, indentifyt the tax advantageous of owning a home, discuss your needs with a lender and/or agent and then make your decision.


  • June 25 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for Dunes....
How do these things do without Gov. Money..Fed/State?...

Schools..Police Dept.'s...Fire Dept's..Hospitals...Road Maint...Social Services..Jobs associated..Businesses dependent upon..Grant Money..Community Development money

Which Housing Market is not "reflective of what the nation as a whole is doing."?

Buying Real state of any kind in any Market Area without considering how it is "reflective of what the nation as a whole is doing." would be rather foolish IMO
  • June 25 2011
  • 1Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for Blue Nile
  • June 25 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for Blue Nile
Is this about buying a house?

All eggs in one basket?

Or is it about a different kind of egg?

And what does that have to do with renting?
Or using servant quarters?

Or maintenance in general?
  • June 25 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Look at it this way, whether you're paying your own mortgage or your landlords you're paying someones mortgage it might as well be yours.
  • June 25 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Janelle: 

Yes, let's base major life financial decisions on trite cliches. Good idea!

How did that type of thinking work out for your 2006 buyers?   
  • June 25 2011
  • 1Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Roberto,
I'm basing my information on the real estate activity in my area, we have NOT seen a decline in values like other parts of the country,  Our home values have risen.  Each area is different, renters have a lot of different options when it comes to purchasing a home.  Like I said, whether it be your mortgage or someone else's your still paying for it.

  • June 25 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for CallTheSisters
My crystal ball is in for repair right now.  Seems a little cloudy.

If you are content - don't buy.  If you are not content - go ahead and buy.
  • June 25 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for Blue Nile
"If you are content - don't buy.  If you are not content - go ahead and buy.' -

That sounds like what some politician stated about military spending on the public radio today...  That if it was a "moral war", it absolutely doesn't matter how much borrowed Chinese money it costs; it is great to spend 30 trillion dollars of off-budget expenses with foreign borrowed money every year to "fight" against this "moral" whatever.

And how was "moral" defined? ---> if the politician "voted" for it, that means the politician defined it as "moral", thus all wars are moral, and we are supposed to spend 500 trillion dollars every year on each of 30 foreign wars concurrently, or 15 quadrillion dollars, since according to the politician, "right is right" and money is no object.

Absolute craziness.  There has NEVER been a moral war; not even World War II.  Not even the Battle of Jericho.

And being "discontent" is the most foolish reason that ever existed to buy anything.  A discontented person wouldn't even be content with a 60,000 square foot house fully paid for, and even with servants to handle all the maintenance, upkeep and cleaning.

  • June 25 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.