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What are YOUR reasons for wanting to buy?
invite response
2011 Sep 16, 3:35am 23,504 views 75 comments
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FuckTheMainstreamMedia
2011 Sep 23, 2:49am
How is this a like argument? I can buy a house in Detroit for less than the change I hand a hobo.
So f----- what?
How is that a like sentence? It's a pretty simple argument really--prices are back to non-bubble levels.
What does the price of a house in Detroit have to do with anything?
The comparison as stated was buying a house in Colorado to renting an apartment in CA. Why not Detroit, Killeen TX, or BFE, KS as well?
Prices in metro urban CA, other than very few exceptions(Covina for instance) are still very much in a bubble.
Â¥
2011 Sep 23, 3:31am
Even at the height of bubble mania it was cheaper to mortgage in some parts of the country than pay rent in a CA apartment so in dont get the argument
That may be so, the Front Range area had something of a bubble, 2005-2006.
It came late and wasn't as pronounced, but my friend bought into it (in 2006) right at the top and his place has lost $200,000 or so in the 5 years. Shoulda rented, but he was taking $400,000 of bubble-era equity with him from CA to CO so it's not so bad for him.
The property I listed above with a $1100/mo cost of ownership is 2.3 acres in one of the better areas to live in the Denver/CS area. It is not some random shithole. Not everyone can work remotely, but if you can, getting out of California is a very good idea, quality of life-wise.
Hence my "location". I think I'd be pretty happy up in Bellingham. $425,000 can buy some very nice places up there, too.
http://www.redfin.com/WA/Bellingham/1387-Nigel-Rd-98226/home/15810444
tatupu70
2011 Sep 23, 5:59am
Maybe I'm beeing trolled?
If anyone is trolling, it's you. Bob's post wasn't in response to you at all. It was simply an observation mostly agreeing with the post directly before it. That's why he had the carat (arrow pointing up)
toothfairy
2011 Sep 23, 6:02am
shouldve bought in 2005
You meant before 2000? correct? Care to honestly disclose when you bought?
sure but first tell me why you want to know?
bubblesitter
2011 Sep 23, 6:04pm
shouldve bought in 2005
You meant before 2000? correct? Care to honestly disclose when you bought?
sure but first tell me why you want to know?
So I can find out how under water your big ticket item is. :)
Hence my "location". I think I'd be pretty happy up in Bellingham. $425,000 can buy some very nice places up there, too.
http://www.redfin.com/WA/Bellingham/1387-Nigel-Rd-98226/home/15810444
Bob, Is this correct ? Sold for $515K in 1995? considering many home prices today are much less... someone really porked themself badly.
Property History for 1387 Nigel Rd
Date Event Price Appreciation Source
Sep 09, 2011 Price Changed $429,000 -- NWMLS #260253
Aug 08, 2011 Listed (Active) $439,000 -- NWMLS #260253
Jul 25, 1995 Sold (Public Records) $515,000 -- Public Records
toothfairy
2011 Sep 24, 12:44am
shouldve bought in 2005
You meant before 2000? correct? Care to honestly disclose when you bought?
sure but first tell me why you want to know?
So I can find out how under water your big ticket item is. :)
you cant tell that from knowing when I bought. You also need to know the location and how much I put down.
SJ
2011 Sep 24, 3:03am
Funny because my boss asked me the other day if I was looking to buy. I've only been at the new job for 5 months and no rush to buy now.
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Obviously, anyone posting in here has some amount of interest in real estate, and that interest is probably centered around buying & owning it. There are a myriad of reasons for this, and everyone has their own. So, what drives your compulsion to buy? I suppose that this could somehow turn into a debate with people tearing up others' reasons, but the intent at this moment is to just try to get a feel for what motivates people with an above-average interest in it. I say above average because I figure that the average buyer does their "research & learning" by being told things by their RE agent, rather than spending lots of time reading on sites like this.
For me, my reasons for wanting a SFH & worrying (probably too much) about it are, in no particular order:
1 - Garage as a workshop for a)loudspeaker building & b) woodworking
2 - Garage for car projects
3 - No attached walls...for making proper use of reason 1a. A 150lb subwoofer that hits -3dB at 12Hz is what some family members have nicknamed "the lease-breaker."
4 - A yard & long-term residence for pets (cats, probably).
5 - A yard & long-term residence for kids (GOD HELP ME IF I CHOOSE THIS SOMEDAY!).
So, what kind of RE do you want to buy / have you bought, and why? If you happen to be an audio geek, you are required to identify yourself!
#housing