Spleng's Discussions

Just remember to save up cause when price to rent = price to own once more (and it will, oh indeed how it will) banks will have been so destroyed that you will absolutely have to bring 20% down.

"A lot of people here post doom and gloom all day long because they are bitter since they have been priced out of the market."No. You are wrong. I like to post the truth. It feels good. I have saved several friends from buying in the current market* and ruining their finances for a very long time.Maybe in the far future it will make sense to buy houses again. We will keep an eye on that.*Most of but not all the major US housing markets.

"The Japanese seem to be laughing it off though..."Because they've been crying for FIFTEEN YEARS. They deserve to laugh a little.

Japanese prices crashed 75% in some areas and stayed that way for fifteen years. :)http://www.housingjapan.net/forsale/1. We will crash just as hard but much faster.2. We will crash softer but much faster.3. We will crash softer but over the same time frame.4. We will be Japan's twin.

"Let me get this straight you dont want to buy in fear that the market will go down further in the Next 5 years and you will be stuck with a house that you are living in for at least 5 years before it will be worth more than you paid for it?"This makes no sense. If the house goes down for 5 more years it will be worth more then you paid for it in 5 years?Its like in that one sentence your own denial rose up and blinded you to what you were typing.Look at this please and try to understand, this house price bubble is like no other any human alive has ever seen before:http://www.1stmillionat33.com/posts/06-09-12/house_his.gif

"oops, i meant pulled the trigger"Oh I don't know, he may have pulled the plug on his financial future.There's something that skydiving and buying houses at the top of the biggest price bubble ever have in common, but I can't quite figure it out.*taps finger against chin and looks skyward*

"Median is recommended by 4 million realtors......are they all wrong?"Yes they are all wrong. They are used house salesmen trying to make the commission. The median is a great deceptive tool to this end.

Mitt: "This is a good proposal."This has a shot at being the stupidest thing I've read on these boards yet,and that is saying quite a bit.

Sen. Schumer is bought and paid for by the banks. He has received his instructions and is complying.Fannie and Freddie are going down already without you and me bailing them out with our tax dollars.http://www.msnbc.msn.com/id/21714602This would make it so so so much worse.

"What credit crunch?"*Ding Ding Ding*New winner of the "Stupidest Comment I've ever read on these Boards" award.