SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Tradelite who wrote (86149)8/20/2007 8:01:12 AM
From: Think4YourselfRead Replies (1) of 306849
 
I am not claiming insurance is getting cheaper. I am claiming insurance on a $400K house is cheaper than insurance on a $500K house. One can argue that insurance is going up in time but that is mostly due to inflation. We would get into a whole other set of arguments there, that highly favors waiting.

As for a refi, in 30 years rates are likely to go down if they are higher than the past 10-20 years. If your mortgage is at a really low rate, the option doesn't exist. As such it is a valid point for waiting.

As for being a housing bull, no way am I a bull here. Maybe in a few years when people are totally disgusted with real estate. To me the current higher interest rates and sticky prices make this the worst time to buy in the last 20 years. People actively looking should wait a year for the sellers to become truly desperate.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News