wow -- my wife and I have been looking at houses, also planning
to put about 30% - 40% down. We've been going slow, though,
and planning to wait till after the next big leg down in the
market, because I don't want to buy such a big asset while prices
are still falling. Hate to say it and hate to anticipate it, but
I'm thinking like matt that the next leg down will really scare
people and we'll get a house for less money. Right now seems
to be a good time to rent since cash is the only thing increasing
in value..........
But I 've been wondering how difficult it would be to get a
loan............pretty difficult I guess.................anyway --
good luck with the loan, hope it goes through.......
wow -- my wife and
Mortgage Troubles
Posted by Michael on 11th of Jul 2009 at 10:46 am
wow -- my wife and I have been looking at houses, also planning to put about 30% - 40% down. We've been going slow, though, and planning to wait till after the next big leg down in the market, because I don't want to buy such a big asset while prices are still falling. Hate to say it and hate to anticipate it, but I'm thinking like matt that the next leg down will really scare people and we'll get a house for less money. Right now seems to be a good time to rent since cash is the only thing increasing in value..........
But I 've been wondering how difficult it would be to get a loan............pretty difficult I guess.................anyway -- good luck with the loan, hope it goes through.......
Dont buy property now
Posted by steveo on 12th of Jul 2009 at 05:25 am
The property market will go down maybe 30% or 50% from July 2009. IMHO. After it drops 30% from the high, dont buy, its just the beginning.