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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (86149)	8/20/2007 8:01:12 AM
From: Think4Yourself	Read Replies (1) \| Respond to 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.