1. 07-10-11 09:54 PM #1
    BettingGeek
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    Best time to buy house in the US RIGHT NOW!

    Guarantee +EV
    I only have cash, damn!

    Straight cash, homie.
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  2. 07-10-11 09:55 PM #2
    jarvol
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    People have said that for 2 years.
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  3. 07-10-11 09:58 PM #3
    BettingGeek
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    Quote Originally Posted by jarvol View Post
    People have said that for 2 years.

    Well, I believe it's the good time.
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  4. 07-10-11 10:01 PM #4
    beanbag
    cracker ass fantastic
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    never a bad idea when the market is down!
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  5. 07-10-11 10:02 PM #5
    BettingGeek
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    Quote Originally Posted by beanbag View Post
    never a bad idea when the market is down!
    not just down, way down. Expected to go down further thou

    I'm well prepared, when it hits that 97/98 low. I'mma unload ...
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  6. 07-10-11 10:04 PM #6
    LostBankroll
    who is the bitch in my avy???
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    Prices in the city will rise 3% I would vuy now if you live in DC
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  7. 07-10-11 10:16 PM #7
    Extra Innings
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    Quote Originally Posted by jarvol View Post
    People have said that for 2 years.
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  8. 07-10-11 10:23 PM #8
    Poker_Beast
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    Gonna be a while before it rebounds.
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  9. 07-10-11 10:29 PM #9
    marcoloco
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    house prices are cheap. which is always good for people looking to buy, but best time to buy is when you personally can afford it
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  10. 07-10-11 10:30 PM #10
    will2survive
    STAY IN YO LANE!
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    People: I have never seen so many houses for sale at one time in my life. It's truly amazing.
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  11. 07-10-11 10:36 PM #11
    UntilTheNDofTimE
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    A house is only a good investment if you plan to live in it long term and you can buy it cash when the price is down. Why buy a house for 300k at a good deal if you dont plan to live there long term. if your lucky in a good market the house will appreciate 10-20% over 5 years. If you have a clue or even follow a decent mutual fund you can make way more money investing that. I plan to buy a house in 5 years cash that i will live in long term. But to say its a good time to buy is foolish. Your gonna be paying that mortgage for 30 years anyways so whats a extra 50 bucks a month.

    only thing worth investing in is commercial property or apartments when it comes to property.
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  12. 07-10-11 10:39 PM #12
    UntilTheNDofTimE
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    Quote Originally Posted by marcoloco View Post
    house prices are cheap. which is always good for people looking to buy, but best time to buy is when you personally can afford it
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  13. 07-10-11 10:54 PM #13
    Bill Dozer
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    I think it depends what price range and where you live. In some places you pay as much for your mtg as you do in taxes and insurance and you can find a rental of a comparable house in town. Those costs are going to be built in the rental or the buy. I agree with UTNDT... Why pay for home upkeep and taxes when you don't have to. Live in a rental until the job market rebounds. IMO that's when houses can be perceived to be in demand even though the people that own the country tell us to buy in to them now. Nothing says housing can't fall another 10%.
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  14. 07-10-11 10:58 PM #14
    wtf
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    warren buffet always said ONLY buy the home your going to live in
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  15. 07-10-11 11:09 PM #15
    UntilTheNDofTimE
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    Quote Originally Posted by wtf View Post
    warren buffet always said ONLY buy the home your going to live in
    I feel the same way. Owning your own home outright at a very young age is the first step to financial independence. You can use that extra 30-40% of your income your not spending on a mortgage to make more money. id rather not tie it up in multiple homes that you have to pay taxes on and upkeep as dozer said.
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  16. 07-10-11 11:11 PM #16
    chemicalbrother
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    there's still plenty of room to go down. at the very least, see what happens with the debt ceiling drama in august.
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  17. 07-10-11 11:13 PM #17
    tofuman
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    still a little early
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  18. 07-10-11 11:15 PM #18
    UntilTheNDofTimE
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    Quote Originally Posted by chemicalbrother View Post
    there's still plenty of room to go down. at the very least, see what happens with the debt ceiling drama in august.
    Thats worrying me a bit but theres lots of money to be made shorting major company's if the debt ceiling isnt lifted. It would be a major risk but purchasing a 20,000 Option shorting the stock with a stop loss at your total investment amount can yield you 200k easy if BkofAma fell down to say 4-5 dollars again like it did in 08. Then after you call your option you use your profit to buy back your shares at $4 and when it rebounds youll be a millionaire. Wish i would of done this the last time around but i only had 1k to invest in b of a and made 5 x on my money though.
    Last edited by UntilTheNDofTimE; 07-10-11 at 11:18 PM.
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  19. 07-10-11 11:17 PM #19
    stevek173
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    Buyer's market
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  20. 07-10-11 11:49 PM #20
    senseionline
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    mind dip more before rebound
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  21. 07-10-11 11:55 PM #21
    mikeanite
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    i'll give it until 2014. that's when obama healthcare kick in. by that time the water is safe to jump in
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  22. 07-10-11 11:58 PM #22
    Maxmillion
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    3200 square foot home built in 2007 in my cousin's gated neigborhood in a new part of north las vegas just sold for $140K. Shit is getting nuts
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