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SVTPerformance's Chain of Restaurants
Road Side Pub
I just can’t convince myself to buy a house.
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<blockquote data-quote="jpro" data-source="post: 16198338" data-attributes="member: 72690"><p>[USER=35549]@slo984now[/USER] and [USER=65746]@Machdup1[/USER] are right...it is all about timing. We have owned two homes in two different states. We sold one for a loss and one for a pretty good gain and it was all about timing. </p><p></p><p>We currently rent in a great area in Henderson outside of Vegas. Good schools, safe & family friendly neighborhood. Prices here are high but have leveled off over the past 6-12 months. I won't buy until the time is right, but I plan to buy again. </p><p></p><p>And to all of you who said it isn't necessarily a financial investment, you're right. For example, if you bought a house right now for $450k at 4.01% for 30 years, your total price (principal & interest with 20% down) is $710k. I don't know about you, but paying $710k for something that is worth $450k isn't an attractive thought. Plus you would still have to pay property taxes, homeowners insurance, and maintenance. Ballpark the taxes (in NV they are low) and insurance at about $120k and your payments over 30 years will equal almost double the original purchase price. Crazy!!! Then again, renting and throwing away 100% of your money doesn't sound so good either. LOL</p></blockquote><p></p>
[QUOTE="jpro, post: 16198338, member: 72690"] [USER=35549]@slo984now[/USER] and [USER=65746]@Machdup1[/USER] are right...it is all about timing. We have owned two homes in two different states. We sold one for a loss and one for a pretty good gain and it was all about timing. We currently rent in a great area in Henderson outside of Vegas. Good schools, safe & family friendly neighborhood. Prices here are high but have leveled off over the past 6-12 months. I won't buy until the time is right, but I plan to buy again. And to all of you who said it isn't necessarily a financial investment, you're right. For example, if you bought a house right now for $450k at 4.01% for 30 years, your total price (principal & interest with 20% down) is $710k. I don't know about you, but paying $710k for something that is worth $450k isn't an attractive thought. Plus you would still have to pay property taxes, homeowners insurance, and maintenance. Ballpark the taxes (in NV they are low) and insurance at about $120k and your payments over 30 years will equal almost double the original purchase price. Crazy!!! Then again, renting and throwing away 100% of your money doesn't sound so good either. LOL [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
I just can’t convince myself to buy a house.
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