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

  1. #31
    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 02:34 PM.



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  5. #33
    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.

  6. #34
    Good secondary top sheeple indicator.

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