Butch Femme Planet - View Single Post - Very Special Thread Of Real Estate Randomness

Gayla · 11-05-2010, 11:59 PM

I don't think it's crazy or silly and I think it's very possible. I'll tell you the same thing I tell everyone else right now - with interest rates as low as they are, it's crazy and silly not to buy right now if you can.

As for the house vs condo thing, condo sales right now are hard and I don't see that changing any time soon, so it would be very easy to buy a condo but probably very difficult to resell a condo in the future. You have a much better chance of getting your money back out of a house than you do back out of a condo. Not to mention, with single family home prices as low as they are, why share walls if you don't have to!

We were talking about interest rates the other day (well, as we do most everyday because they are still freakishly low) and my lender sent me some info about how it can take as little as $44,000 of annual household income to qualify for a $250,000 mortgage. If you're even thinking about thinking about buying at some point in the future, it's a good time.

11-05-2010, 11:59 PM	#5
Gayla Timed Out How Do You Identify?: Kinky Butch Top Preferred Pronoun?: I'm not picky Relationship Status: She makes me dance like a fool and forget how to breathe. Join Date: Mar 2010 Location: SF CA Posts: 3,229 My Photo Gallery Thanks: 877 Thanked 7,077 Times in 1,966 Posts Rep Power: 0	I don't think it's crazy or silly and I think it's very possible. I'll tell you the same thing I tell everyone else right now - with interest rates as low as they are, it's crazy and silly not to buy right now if you can. As for the house vs condo thing, condo sales right now are hard and I don't see that changing any time soon, so it would be very easy to buy a condo but probably very difficult to resell a condo in the future. You have a much better chance of getting your money back out of a house than you do back out of a condo. Not to mention, with single family home prices as low as they are, why share walls if you don't have to! We were talking about interest rates the other day (well, as we do most everyday because they are still freakishly low) and my lender sent me some info about how it can take as little as $44,000 of annual household income to qualify for a $250,000 mortgage. If you're even thinking about thinking about buying at some point in the future, it's a good time.