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Thread: More Americans than ever Plan to Buy a Home in the next 6 Months

  1. #31
    Member Zippyjuan's Avatar
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    Historically, the nominal prices of homes has followed the overall rate of price inflation.

    If you (anybody) are concerned about price inflation then why not borrow to purchase a home now when prices and interest rates are lower and the dollars you use to pay it back in the future will be worth less?
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  3. #32

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    Quote Originally Posted by Zippyjuan View Post
    Historically, the nominal prices of homes has followed the overall rate of price inflation.

    If you (anybody) are concerned about price inflation then why not borrow to purchase a home now when prices and interest rates are lower and the dollars you use to pay it back in the future will be worth less?
    Because of the uncertainty surrounding property taxes, utilities, wages and household deductions. The first two are rising and it appears that they will trim household deductions further. A home isn't an asset any longer in certain regions, but rather a millstone tied around one's neck.
    Last edited by AuH20; 11-28-2012 at 01:34 PM.
    “There is nothing conservative about war. For at least the last century war has been the herald and handmaid of socialism and state control. It is the excuse for censorship, organized lying, regulation and taxation. It is paradise for the busybody and the nark. It damages family life and wounds the Church. It is, in short, the ally of everything summed up by the ugly word ‘progress.'” - Christopher Hitchens

  4. #33
    Member Zippyjuan's Avatar
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    Quote Originally Posted by AuH20 View Post
    Because of the uncertainty surrounding property taxes, utilities, wages and household deductions. The first two are rising and it appears that they will trim household deductions further. A home isn't an asset any longer in certain regions, but rather a millstone tied around one's neck.
    Just to repeat- as a renter, you don't avoid any of those costs either.
    I am Zippy and I approve of this message. But you don't have to.

  5. #34

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    Good secondary top sheeple indicator.

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