Happy Holidays! Still haven't purchased a... - Page 2

mountaintosea · 12-26-2007, 07:47 PM

Zipper has a point! Hold on for the roller coaster!

papadad111 · 01-01-2008, 03:32 AM

i'd buy the more expensive house. mortgage rates are actually quite low.
you wont regret it. while prices may continue to fall, it's impossible to "call a bottom". A few thousand dollars over the longer term wont make any difference. With your income level, a 200K mortgage payment (assuming you put 20% down and buy a $240K home) is only something like $1500/month. More than manageable on your income. As the market rebounds...and it will....you stand to build equity faster with the larger investment. Remember...the US population just topped 303 million and growing. Demand for housing, as crazy as it seems right at this moment, will increase eventually.

OAG · 01-01-2008, 06:07 AM

Ahh I suspect you are enjoying the "thrill of the hunt" too much - need to make a decision! To buy or not to buy (and which one) is the question. Personally, I would not buy yet.

01-01-2008, 06:07 AM	#23
OAG Thinks s/he gets paid by the post Join Date: Jun 2006 Location: Dublin, Ohio Posts: 1,784	Ahh I suspect you are enjoying the "thrill of the hunt" too much - need to make a decision! To buy or not to buy (and which one) is the question. Personally, I would not buy yet. __________________ Proud Vietnam Veteran: Cu Chi 66, 1/25th, HHC 25th and Pleiku 66-67 41st Sig Bn 1st STRATCOM

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12-26-2007, 07:47 PM	#21
mountaintosea Recycles dryer sheets Join Date: Aug 2006 Posts: 284	Zipper has a point! Hold on for the roller coaster!

01-01-2008, 03:32 AM	#22
papadad111 Dryer sheet wannabe Join Date: Oct 2007 Posts: 24	i'd buy the more expensive house. mortgage rates are actually quite low. you wont regret it. while prices may continue to fall, it's impossible to "call a bottom". A few thousand dollars over the longer term wont make any difference. With your income level, a 200K mortgage payment (assuming you put 20% down and buy a $240K home) is only something like $1500/month. More than manageable on your income. As the market rebounds...and it will....you stand to build equity faster with the larger investment. Remember...the US population just topped 303 million and growing. Demand for housing, as crazy as it seems right at this moment, will increase eventually.

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