Zillow Advice: Rent vs. Buy - Hey Buyers Its only a Buyers Market If you acctually BUY!!

It's only a buyers market ...

Thu, 14 May 2009 16:34:00 GMT

It's only a buyers market if your memory doesn't stretch past 2003, and you do not posess the capacity for recognizing trend lines.

It's only a buyer's market ...

Wed, 13 May 2009 19:58:00 GMT

It's only a buyer's market if the sellers are desprate enough to sell for what the buyers want to pay.

We are not their yet in most of the country. Wait until a huge slice of those backlogged foreclosures hit, and we may get their in 18 months to 2 years!

But who knows what the PPIP will really do?

Jennifer, there is nothing ...

Wed, 13 May 2009 19:48:00 GMT

Jennifer, there is nothing wrong with renting when the net rental expense (rent minus what it would cost to pay for taxes, insurance, HOA and maintenance on the property) is less than the amount that home values are tanking in a given area.

I have saved approx. 200k by renting in Central FL since 7/07.

People should only buy now if their cost to own will be less than rent for an equivalent property.

Are you serious?? You ...

Wed, 13 May 2009 19:44:00 GMT

Are you serious?? You have to be kidding. Jenny, may I call you Jenny? Next time before you post you local advertisements, please check out what happens to REAs that do it. This will not turn out pretty, take that to the bank. Doomers, you are up.

yawn...

Wed, 13 May 2009 19:40:00 GMT

yawn...