Soon 2b VA resident
Either that, or put your kids up as equity 
10-25-05, 02:29 PM
#27
Banned. I got OWNED!!!
Join Date: Jul 2002
Location: DC
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IMO: don't buy a home now.. If you can..
wait a couple of years. and wait for the real estate bubble to bust.
And all these fools in 700k++ homes on Interest only loans and other
predatory loans like certain ARMS.. You will find very very very motivated
sellers/foreclosure flooding the market... Soon.
maybe im just ranting, because im bitter.
being on a 30fixed note, and my mortgage payments
has gone up every year for the last 4years, because
of fvking property tax and insurance. thats not even
including the four 1/4 points increases in Fed rate since.
Cant imagine the pinch the Interest only and Arm people
are feeling..
wait a couple of years. and wait for the real estate bubble to bust.
And all these fools in 700k++ homes on Interest only loans and other
predatory loans like certain ARMS.. You will find very very very motivated
sellers/foreclosure flooding the market... Soon.
maybe im just ranting, because im bitter.
being on a 30fixed note, and my mortgage payments
has gone up every year for the last 4years, because
of fvking property tax and insurance. thats not even
including the four 1/4 points increases in Fed rate since.
Cant imagine the pinch the Interest only and Arm people
are feeling..
10-25-05, 03:34 PM
#28
Sean (right?) you're right. Right now is the best time to sell, but the worst time to buy lol. The bubble is gonna shrink a bit for sure very soon. I don't think it'll straight up burst...but the market will def drop a bit. Prices now are simple unfreakinbelievable.
10-25-05, 10:23 PM
#29
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Join Date: Jul 2001
Location: Gainesville, VA
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I don't plan on buying anything right now, it all depends on how much I can make. I was thinking about buying and living in a sail boat. But then I would have to buy a new one every time a hurricane decided to run up the coast. I could buy a used one for 10-20k and still be below the cost of a house even if 10 of them go to the bottom of the ocean.
See ya soon and wish me luck.
See ya soon and wish me luck.
10-28-05, 02:54 PM
#31
Rotary Freak
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Join Date: Oct 2003
Location: Hampton, Va
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Welcome to VA! Our corp headquarters is in Vienna, on Gallows Rd, so I drive up there every few months. I like working in NoVa, but I wouldn't want to live there, again.
