Comments on: To Buy Or Not To Buy https://reclaimedhome.com/2008/01/25/to-buy-or-not-to-buy/ Reuse. Rehabilitate. Restore. Architectural salvage and repurposed pieces for the home. Sat, 15 Mar 2014 19:17:24 +0000 hourly 1 By: RH https://reclaimedhome.com/2008/01/25/to-buy-or-not-to-buy/#comment-4186 Sat, 26 Jan 2008 12:43:30 +0000 http://reclaimedhome.com/?p=1134#comment-4186 Ok, I guess I should’ve said “You will be stuck with interest for the next 30 years. It’s anyone’s guess whether rates will come down so you can refinance.” Something like that? My point is: if the rate is at an all time low, that’s a huge factor.

How much lower do you think home prices will fall? I don’t know. If you can look into your crystal ball, let me know. I’ll start saving my pennies so I can buy my next Brooklyn Heights brownstone for $300k with an interest rate of 2%.
😉

At the end of the day, here’s me, personally: I have no patience. And I’m an optimist. If I needed a place to live, I wouldn’t put it off. I’d make it work. If others can put off plans, good for them. Either way is a gamble.

]]> By: kevin https://reclaimedhome.com/2008/01/25/to-buy-or-not-to-buy/#comment-4161 Sat, 26 Jan 2008 04:10:29 +0000 http://reclaimedhome.com/?p=1134#comment-4161 Terrible terrible time to be buying. There’s a reason prices are dropping and sales are stagnating, and its not soley due to subprime like the MSM lazily claim. Housing prices flat out just do not align with actual income any more.

You also go from saying that you are stuck with an initial interest rate for 30 years, to mentioning that it might be time to refi – aren’t those conflicting statements??

]]> By: RH https://reclaimedhome.com/2008/01/25/to-buy-or-not-to-buy/#comment-4137 Fri, 25 Jan 2008 16:29:29 +0000 http://reclaimedhome.com/?p=1134#comment-4137 Girl! You better get your ass in gear! You are very lucky we’re going into recession or you’d be in trouble!

Best upstate mortgage broker: Liz Moeller at Centennial in Kingston.
http://cmloans.com

]]> By: iloveupstate.com https://reclaimedhome.com/2008/01/25/to-buy-or-not-to-buy/#comment-4135 Fri, 25 Jan 2008 15:26:07 +0000 http://reclaimedhome.com/?p=1134#comment-4135 I do believe I will be going into refinance mode soon too. I was at a fixed 4.87% for 5 years and then it goes adjustable. Five years (holy crap!) is up this April.

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