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Old 11-20-2012, 09:45 PM   #21
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If you are going to borrow (mortgage), then borrowing rates are more important than home prices. As long as mortgage rates are low, keep looking until you find the house that wows you - then make it a home.
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Old 11-21-2012, 02:51 PM   #22
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I wish someone could get the banks to understand they are in the critical path of any recovery. Low rates are meaningless if no one can qualify.

I signed 4 P&S for a bankonwed homed I flipped. The only reason the 4th closed is because it was a CASH deal with me carrying a first a position for 30%. Every other loan failed after the buyers paid HUNDREDS in home inspections, appraisals .... Say nothing for the fact that 2 borrowers were PRE APPROVED. What a joke!
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Old 11-21-2012, 03:43 PM   #23
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After the events of the last 6 years my DW and I have lost interest in buying or selling any RE for the foreseeable future. At this point we're content to stay where we are and travel when we want. We feel fortunate that our homes don't carry a mortgage and the taxes aren't crazy high.
I feel we dodged a bullet in late 2006 when we were looking seriously at the FL market and contemplating a move.
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