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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.
    “Our illegal population alone exceeds the all the Irish, Jewish and British immigrants who came. Each year, we catch more people breaking in at the border than all the Swedes and Norwegians who came to America in 200 years. Half a million illegal aliens succeed in breaking in every year, more than all the Greeks or Poles who came legally from the Revolution to 1960..” - Patrick J. Buchanan

  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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