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Re: Rent or buy: run the numbers.
Old 09-27-2005, 03:01 PM   #21
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Re: Rent or buy: run the numbers.

AZ gets hot and humid during the July -August Monsoon, where the wind picks up the moisture from the Gulf of California and brings it over the lower part of the state.* Other wise it stays pretty dry (hot summers, warm winters).

I'd bet you can find an affordable home here:

Good Luck 8)


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Re: Rent or buy: run the numbers.
Old 09-27-2005, 06:30 PM   #22
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Re: Rent or buy: run the numbers.

Originally Posted by Laurence
I have a friend who is convinced the bubble is bursting here in SD, he has sold his McMansion for an obscene profit and is renting a similar home for less than his mortgage was.* So far he's coming out ahead every month.* Even if the market only stays flat and then starts rising again, he could still win if he made enough of a profit investing the windfall (but taxes, always the taxes to figure).* Still, he's got a daughter almost the same age as mine, that's some mental fortitude.
Risky business trying to time the housing market.* I hope his landlord doesn't come to his senses and sell the property out from under him.

A colleague of mine is also convinced that the real estate market in NYC is peaking and sold his condo . . . in 1999!* Prices have doubled again (at least) and the hefty gain he realized isn't buying much real estate these days.*

Sometimes, in situations like this, people can be too clever for their own good.* I worried a lot about housing prices when I bought my place but now could care less.* I have to live somewhere.* If housing prices go up, my property should generally track the market and keep my real estate purchasing power more or less constant.* If prices go down, its the same thing only my non-real estate net worth buys more property - which suits me just fine.


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Re: Rent or buy: run the numbers.
Old 09-27-2005, 06:36 PM   #23
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Re: Rent or buy: run the numbers.

Ya, his plan is definitely not for me. Very good chance we'll stay right where we are for a long time.
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Re: Rent or buy: run the numbers.
Old 09-27-2005, 07:20 PM   #24
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Re: Rent or buy: run the numbers.

Originally Posted by unclemick2

After a brief look here in NW MO - four people plus a dog and cat - ignored my own advice(from prior posts) and bought.

Never bothered to run the numbers. Handcapped equiped(Mom) house with a yard for the dog.

Will play with numbers in later posts.

I kind of did the same thing. Renting had appeal, but with a smoker and 4 dogs.................well, there just wasn't much to be had. I am very happy
now that we bought instead, even though I have not crunched the
numbers lately.


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