|
Off Topic Off Topic - General non-Corvette related discussion. |
|
Share | Thread Tools | Search this Thread |
04-18-2011, 10:43am | #1 | ||||||
Vette Barn Crew
Join Date: Jan 2011
Location: Cincinnati, Ohio
Posts: 338
Thanks: 85
Thanked 215 Times in 46 Posts
Gameroom Barn Bucks: $352394
|
Buying a new home, now?
My lease is up on my apt and I've been looking at a new place.
I have some $ saved up and I have a great credit score. Prices have been dropping and it is a buyers market. I have ~5 years until we start to have a family so I'm looking for a downtown place to live that I can later resell or rent outat I'm looking for. With all this economic tubulance, would now be a good time to buy?
__________________
BMW 335i Coupe Honda 2007 CBR 600 RR Cincinnati Wedding & Fashion Photographer | www.i2istudios.com |
||||||
04-18-2011, 10:53am | #2 | ||||||
Barn Stall Owner #10
Join Date: Mar 2010
Location: Florida Keys
Posts: 6,625
Thanks: 363
Thanked 1,765 Times in 758 Posts
Gameroom Barn Bucks: $8563902
|
Absolutely. The prices may go down a little more but the interest rates will be going up so its a wash.
I'm actually shopping for another house right now. |
||||||
04-18-2011, 10:58am | #3 | ||||||
Sparkles Flambeaux
Barn Stall Owner #4 Barn Raising I,II NCM Supporter '13,'14,'15,'16,'17,'21 Bantayan Kids '13,'14,'15,'17
Join Date: Jan 2011
Location: Santa Fe, NM
Posts: 61,472
Thanks: 11,775
Thanked 33,028 Times in 14,166 Posts
Gameroom Barn Bucks: $17500122
|
if you are planning on selling down the road, hopefully at least breaking even, look at demographics. who will be buying in 5-7-10 years? will they have the $$ to pay?
nothing is certain. |
||||||
04-18-2011, 11:10am | #4 | ||||||
Barn Raising I
Join Date: Jan 2011
Location: Indian Rocks Beach, FL
Posts: 1,240
Thanks: 63
Thanked 322 Times in 144 Posts
Gameroom Barn Bucks: $167111
|
I think now is a great time to buy if you're planning on holding for 10+ years. I wouldn't buy planning to flip for another couple years at least.
|
||||||
04-18-2011, 11:17am | #5 | ||||||
Denture Queen
Barn Stall Owner #29
Join Date: Jan 2011
Location: Charlotte, NC
Posts: 8,530
Thanks: 2,967
Thanked 1,801 Times in 956 Posts
Gameroom Barn Bucks: $1022278
|
Now's a great time I closed in January on a house, below asking price and great interest rate. I plan on staying in it at least 20-30 years, so I'm sure the value will increase nicely in that time (unless there is utter societal collapse and chaos )
|
||||||
04-18-2011, 11:19am | #6 | ||||||
Barn Stall Owner #3
Barn Raising I NCM Supporter '11, '12
Join Date: Jan 2011
Location: Texas City, TX
Posts: 12,098
Thanks: 830
Thanked 4,155 Times in 1,854 Posts
Gameroom Barn Bucks: $2324642
|
We're in the process of buying right now too.
|
||||||
04-18-2011, 11:57am | #7 | ||||||
Latin American Goat Roper
Barn Stall Owner #101 Bantayan Kids '13
Join Date: Nov 2009
Location: Orange Park Florida
Posts: 60,738
Thanks: 32,913
Thanked 11,567 Times in 5,704 Posts
Gameroom Barn Bucks: $1138393
|
Stepdaughter and her husband trying to buy a house with inground pool....almost next door....about 2000'.....1/4 acre 98 grand....
Good/safe neighborhood, brick 2 car garage 18' door....not so awful evil..... at least the damn bank got back with a counter, and they counter-countered.... took them 6 weeks to get on the phone though, lazy bastards....
__________________
GENE "Hell, there are no rules here ... we're trying to accomplish something." Thomas Edison All products should say "Do not use if your stupid"..... I love how Progressives want to have Darwinism taught in schools but denied as a reality in life. |
||||||
04-18-2011, 12:00pm | #8 | |||||||
Denture Queen
Barn Stall Owner #29
Join Date: Jan 2011
Location: Charlotte, NC
Posts: 8,530
Thanks: 2,967
Thanked 1,801 Times in 956 Posts
Gameroom Barn Bucks: $1022278
|
Quote:
|
|||||||
04-18-2011, 12:15pm | #9 | ||||||
Vette Barn Crew
Join Date: Jan 2011
Location: Cincinnati, Ohio
Posts: 338
Thanks: 85
Thanked 215 Times in 46 Posts
Gameroom Barn Bucks: $352394
|
Thanks guys.
Downtown Cincinnati is coming back. They have been developing and reviving downtown for the last 5 years, Vine St. is coming back to being great. There is a casino being built on the other side of downtown and the river front projects are well on their way. Here are a couple of photos of what I am looking at 1 bed, 2 bath, private roof top deck, 2 private balconies, 1 covered garage spot.
__________________
BMW 335i Coupe Honda 2007 CBR 600 RR Cincinnati Wedding & Fashion Photographer | www.i2istudios.com |
||||||
04-18-2011, 12:25pm | #10 | ||||||
Barn Stall Owner #26
|
Nice and a good time to buy
|
||||||
04-18-2011, 12:42pm | #11 | ||||||
Barn Stall Owner #89
Bantayan Kids '13
Join Date: Jan 2011
Location: Marietta, GA
Posts: 28,460
Thanks: 15,350
Thanked 6,772 Times in 3,418 Posts
Gameroom Barn Bucks: $536709986
|
Good time to buy.
I just bought a foreclosure for rental property. 1500 sq. ft., w/ 1500 sq.ft. partially finished basement for 60K. Appraised at 92K. Already got tenants. Good luck. |
||||||
04-18-2011, 12:58pm | #12 | ||||||
Barn Stall Owner #3
Barn Raising I NCM Supporter '11, '12
Join Date: Jan 2011
Location: Texas City, TX
Posts: 12,098
Thanks: 830
Thanked 4,155 Times in 1,854 Posts
Gameroom Barn Bucks: $2324642
|
|
||||||
04-18-2011, 1:02pm | #13 | ||||||
Barn Stall Owner #26
|
|
||||||
04-18-2011, 1:04pm | #14 | ||||||
Barn Stall Owner #3
Barn Raising I NCM Supporter '11, '12
Join Date: Jan 2011
Location: Texas City, TX
Posts: 12,098
Thanks: 830
Thanked 4,155 Times in 1,854 Posts
Gameroom Barn Bucks: $2324642
|
|
||||||
04-18-2011, 1:04pm | #15 | ||||||
Barn Stall Owner #75
Bantayan Kids '13
Join Date: Oct 2009
Location: Just left of the right thing to do
Posts: 9,347
Thanks: 1,618
Thanked 2,499 Times in 1,456 Posts
Gameroom Barn Bucks: $15302323
|
I try to buy high and sell low. That's how I roll.
|
||||||
04-18-2011, 1:10pm | #16 | ||||||
Barn Stall Owner #26
|
|
||||||
04-18-2011, 2:02pm | #17 | ||||||
Latin American Goat Roper
Barn Stall Owner #101 Bantayan Kids '13
Join Date: Nov 2009
Location: Orange Park Florida
Posts: 60,738
Thanks: 32,913
Thanked 11,567 Times in 5,704 Posts
Gameroom Barn Bucks: $1138393
|
Yes, the house is vacant, needs maybe a grand worth of work to be useable...fence, fridge, window wood in front fixed windows....
I think the bank is down about 1/2 what they loaned....
__________________
GENE "Hell, there are no rules here ... we're trying to accomplish something." Thomas Edison All products should say "Do not use if your stupid"..... I love how Progressives want to have Darwinism taught in schools but denied as a reality in life. |
||||||
04-18-2011, 2:11pm | #18 | ||||||
Barn Stall Owner #12
Barn Raising I NCM Supporter '11, '12
Join Date: Oct 2009
Location: Dammit, I was told there would be pie.
Posts: 5,513
Thanks: 194
Thanked 2,321 Times in 1,065 Posts
Gameroom Barn Bucks: $168047
|
|
||||||
04-18-2011, 2:40pm | #19 | ||||||
Barn Stall Owner #3
Barn Raising I NCM Supporter '11, '12
Join Date: Jan 2011
Location: Texas City, TX
Posts: 12,098
Thanks: 830
Thanked 4,155 Times in 1,854 Posts
Gameroom Barn Bucks: $2324642
|
|
||||||
04-18-2011, 2:41pm | #20 | ||||||
Vette Barn Deacon
Barn Raising II
Join Date: Jan 2011
Location: Fort Knox, KY
Posts: 32,752
Thanks: 5,502
Thanked 9,190 Times in 4,542 Posts
Gameroom Barn Bucks: $21169452
|
Great time to buy, sucky time to sell.
|
||||||
|
|
Support the Barn: |
Download the Mobile App; |
Follow us on Facebook: |
||