Slowly, the pace of home resales is picking up

You Can Not Afford wrote:

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Bitter, eternally priced-out rentie says WHAT?

Bitter, scared, underwater, value in free-fall, foreclosures on your street, taxes increasing, insurance skyrocketing, HOA dues increasing, home-moaner said WHAT?

Money where your mouth is wrote:

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Bitter, scared, underwater, value in free-fall, foreclosures on your street, taxes increasing, insurance skyrocketing, HOA dues increasing, home-moaner said WHAT?

You forgot; 'handcuffed-to-a-depreciating- asset, whining-that-"prices-CAN' T-go-lower!", hoping-that "it-will-come-back-any-da y-now", deep in denial, deeper in doo-doo, watching-it-get-worse-every-mo nth loser says OUCH!'

Money where your mouth is wrote:

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And you don't "Got Deed" unless you own it outright. Otherwise you are just a trapped renter- renting from the BANK!! Real Smart!

Wrong, in Florida you have the deed in your posession and then you have a mortgage which is fine by me as I get the appreciation, not the bank and I get the tax benefits.

2 Smart 2 Buy Now wrote:

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You forgot; 'handcuffed-to-a-depreciating- asset, whining-that-"prices-CAN' T-go-lower!", hoping-that "it-will-come-back-any-da y-now", deep in denial, deeper in doo-doo, watching-it-get-worse-every-mo nth loser says OUCH!'

Ha! My mortgage payment is lower then your rent and I control an asset worth hundreds of thousands of dollars. Sorry you don't qualify anymore...

Rhodes Scholar wrote:

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Because they know more about economics 101 than the real estate agents trying to convince the public that it's the best time to buy.

Just like the CPI Inflation numbers that came out last week...." Gas prices were down" ...ahem....The experts at work again. The real estate experts were saying there was no problem in the market..just a slowdown. The numebrs these snake oil salesman are touting are from morons buying foresclosures and short sales....we have 2 million ARM resets coming due in the next 2 years...That's not including ALT_A or even Prime!..There's a great article today on an agent buying a place that was reduced from 550k she bought as a short sale at $450...just appraised at $340k...what a genious. Wait til next month and goes down again...You "USED HOUSE" slicksters can spin it any way you want ...we have a lot longer and further to fall...Believe these hucksters at your financial peril.!

www.thehousingbubbleblog.com

Busier than ever wrote:

<quoted text>Wrong, in Florida you have the deed in your posession and then you have a mortgage which is fine by me as I get the appreciation, not the bank and I get the tax benefits.

Yeah you have a deed, but stop paying YOUR monthly rent to the bank and see how long you keep it! You are also coorect in that YOU get the DEPRECIATION, not the bank! Enjoy it!

2 Smart 2 Buy Now wrote:

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Yeah you have a deed, but stop paying YOUR monthly rent to the bank and see how long you keep it! You are also coorect in that YOU get the DEPRECIATION, not the bank! Enjoy it!

What a dope, stop paying your rent and see how long it takes before you are eatin asphalt! My mortgage is cheaper then rent and I CONTROL THE ASSET, not the bank, I get the rewards using their money. I am controlling 100% of the value with only 20% invested. That would trigger a margin call in a stock account but I am locked in for 30 years! YEAHH! Keep paying that rent sucka

Busier than ever wrote:

<quoted text>What a dope, stop paying your rent and see how long it takes before you are eatin asphalt! My mortgage is cheaper then rent and I CONTROL THE ASSET, not the bank, I get the rewards using their money. I am controlling 100% of the value with only 20% invested. That would trigger a margin call in a stock account but I am locked in for 30 years! YEAHH! Keep paying that rent sucka

BTE, If you bought responsibly over 5 years ago bully for you, AND din't take out equity either...that's good....but
The vast majority bought on margin ( ARM;s, no down etc ) on an over inflated asset for the sole reason of making easy gains...Now there are 4 MILLION vacany homes in the US with another 2 million estimated to come online also...I rent a 550K house for $1200. what do you think it would cost be if I "owned" it? If I get a better job offer I can walk away tomorrow...think I could selll it for even half that in this market...It makes utterly no sense to buy in this market until prices equal "real" value...not the bubble prices inflated by moron,and specuvestors...