Spleng's Discussions

Ready I am!Torpedoes be damned!Also yes I agree #3 is quite iffy.

Top 10 Reasons NOT To Buy Real Estate Now ?"10. When the market improves and property sales pick up..."Years away. "7. Now that the market is at or near bottom..."Years away."6. The longer buyers wait... the fewer of them there will be competing against each other for the same property."Yes and prices fall."2. You'd rather apply the money to your down payment on your spot at the senior care retirement center and funeral plot."Better then being evicted at age 80 when you are no longer able to work 2 jobs to keep paying your forever mortgage."1. Wait until the market recovers so you, too, can buy high and sell low!"The bottom is years away, so market recovery is a far flung fantasy. If indeed when adjusted for inflation any of us live to see house prices "recover" the recent bubblewordly highs.

Plarusa I agree there will be unpleasant unanticipated consequences from housing prices returning to sound fundamental levels, but the longer it takes the worse it will be. This I would not call a "complete collapse of the housing market", rather it will be an end to a speculative mania which has gone on far too long.In the long run it will be better for everyone when people who want to buy a house can afford it without taking on some kind of suicide loan that makes them a house poor debt slave for the majority of the rest of their lives.

"...because there is little to no chance of having a massive recession like you predict."This is just too rich. "Little to no chance". Oh my.

Interest rate is something to consider for sure but currently it pales in importance to the ridiculous prices of houses in most of the U.S.A. and many other places in the world. So no fricken way would 5.5 at todays prices get me to buy a house now.Assuming the prices for these two scenarios are equal:1. Bubble priced house at low interest rate.2. Correctly priced house at high interest rate.#2 is far and away the superior choice. Property taxes lower! You can write off more of the total cost, i.e., the larger amount of interest. And when interest rates are high you have a great possibility of getting a lower rate in the future.Like that ass lender says on the radio, "It's the biggest no brainer in history of mankind!"

"#2 will never come true" Never is a very long time.Have you checked out how much effect the lower Fed Rate is having on 30 year fixed loans?

"Not much help for me, excpet for the occassional NAR press release."Hang on a second fellow bubbleheads, I think we've been had by a master of satire!Nobody could be this stupid.

" You guys should just ignore me. That would be the "Intelligent "thing to do."Hang on a second, did it just say something that makes sense?

"I hope your friend Ron Paul is going to raise lots of money. He needs it."Alpine you are aware that Ron Paul is not even offered as a choice in some of these "scientific" polls?Our system is so rigged it's a tragedy. GO RON GO!

"Yes, he is offered as a choice. Click the 2 links I posted and you willl see every candidate is mentioned."They "mention" the results. Not the fraudulent way they conduct these polls.