patrick.net
An Antidote to Corporate Media
1,257,798 comments by 15,013 users - HeadSet, Karloff online now
invite responseComments 1 - 1 of 1 Search these comments
1
FortWayne
2011 Jun 4, 2:26am
FortWayne
2011 Jun 4, 2:26am
rent and save a ton until prices level off.
smart buy is when price is low and interest rate is high giving you a triple benefit on both purchase and taxes.
right now is a terrible time to buy, interest rates are astronomically low making home purchases an incredibly financially-foolish.
http://www.redfin.com/CA/Alameda/155-Justin-Cir-94502/home/1703491
Kinda goes along with what I was saying in another thread, there is no logic these days in buying a home, no relevance of what price should be based on rents or income, or anything economically sensible.
There is just what is, based on the desires of people that have much more money and much less financial concern than my family. Given that we make about three times the median household income in alameda, I'm surprised how "poor" we are.
Tired of the bay but no real choice of leaving.