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Are you hating the dropping of housing prices right now?

Forum Opinion Poll
Yes 16 34.04%
No 27 57.45%
Other 4 8.51%
 

Spinoff: If you just bought within the last year or so...

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Pages: [1] 2

azoodie

Member since 8/05

8377 total posts

Name:
Team SEXY BACK

Spinoff: If you just bought within the last year or so...

Are you kicking yourselves over the prices of houses going down, thinking you could've found something more to your liking at a more affordable price?

Posted 8/9/06 7:50 PM
 

2Pisces
Life Coach

Member since 2/06

3337 total posts

Name:
Paige

Re: Spinoff: If you just bought within the last year or so...

NO we're not. We love our house and our interest rate is low compared to rates now. So....we made a good decision to buy when we did. Chat Icon

Posted 8/9/06 7:52 PM
 

lucyloo
nope

Member since 1/06

9758 total posts

Name:

Re: Spinoff: If you just bought within the last year or so...

Nope. I think we got a good deal on our house and I haven't found anything comparable for less then it.

Posted 8/9/06 9:13 PM
 

~Colleen~
my loves...

Member since 5/05

9129 total posts

Name:
guess

Re: Spinoff: If you just bought within the last year or so...

No. Houses that are priced right are still continuing to sell...and as when I was looking, those that aren't have had to drop. Housing is not going to drop to where it was 5 years ago. It is what it is.

Jmo.

Posted 8/9/06 9:16 PM
 

MegZee
My bunny

Member since 5/06

8777 total posts

Name:
Meaghan

Re: Spinoff: If you just bought within the last year or so...

when I buy, i wont be mad if prices go down.

I am on the side of prices are going to drop in the next year, but im not an investor looking to flip - im looking for a place to live so if prices go down, i'll just continue to live there!

Posted 8/9/06 9:58 PM
 

BabyBoy
is Skylar Elizabeth

Member since 5/05

4189 total posts

Name:
Tom

Re: Spinoff: If you just bought within the last year or so...

no because i love where i am (co-op not house which we looked at over 75 homes over 4 months)

and rates are higher now which will almost make your home the same price.

Posted 8/9/06 10:00 PM
 

MrsBlueSash
Love my sailor

Member since 6/05

5793 total posts

Name:
Christian

Re: Spinoff: If you just bought within the last year or so...

No way. We got a great fixed rate that will save us a ton in the long run in interest and we bought with the intention to stay, so its not just an investment. And the housing market is a cycle. It will go up again eventually.

Posted 8/9/06 10:46 PM
 

Eva Luna
Be kind...life's hard!

Member since 8/05

4750 total posts

Name:
God, bless & heal my DH, JenG's DH Rob & DebG

Re: Spinoff: If you just bought within the last year or so...

Posted by dita

Nope. I think we got a good deal on our house and I haven't found anything comparable for less then it.



Same here. Even in a completely different market...prices are actually going up where I live. And I love our interest rate. Chat Icon

Posted 8/9/06 11:09 PM
 

Diana1215
Living on a prayer!!!

Member since 10/05

29450 total posts

Name:
Diana

Re: Spinoff: If you just bought within the last year or so...

Nope - even though we paid asking price for our house - I know that we got a good deal - and I don't see any houses out there right now in the same price range that even compare.

Posted 8/9/06 11:13 PM
 

beachgirl13
Mommy to 3 boys!

Member since 5/05

4114 total posts

Name:

Re: Spinoff: If you just bought within the last year or so...

No, we got a great interest rate. Plus, there aren't many houses that come up in our price range in the neighborhood we bought in, so I'm glad we bought when we did.

Posted 8/10/06 1:11 AM
 

Tah-wee-ZAH
Kisses

Member since 5/05

15952 total posts

Name:

Re: Spinoff: If you just bought within the last year or so...

No.

We got a great interest rate.

We also had a house to sell and it sold fast and at a higher price than it would now.

We got a GREAT deal, way below market value, even present market value on my house and with the lower price, we are able to completely redo the house.

Posted 8/10/06 4:09 AM
 

Kissy331
My two miracles!

Member since 5/06

17826 total posts

Name:
Kristen

Re: Spinoff: If you just bought within the last year or so...

Not for one second!

We looked for a year & knew what we wanted! We didn't want to settle just to get a house!

DH & I did not get your typical starter home by a 4bedroom splanch! The house is brand new & we just moved in & decorated to make the house a home! I would not trade my house in for anything!

Also, we got an amazing interest rate, so in the end it all works out!

Posted 8/10/06 7:27 AM
 

MrsPorkChop
Twinning!!

Member since 5/05

9941 total posts

Name:
Missy

Re: Spinoff: If you just bought within the last year or so...

yes. i got a great interest rrate but i paid alot for a little tiny house.

i also only got it fixed for 5 years...

if i bought now, with the fear that interest rates would rise, i would have gotten a 30 year and would also probably have a bigger home.


i guess it all evens out financially but in my situation, i wish i waited.

alot pf pressure was put on me and every monetary move was scrutinized by people asking "why are you going on vacation? arent you saving for a house?" or "where are you going to live after you get married - arent you going to buy a home?"

im sick of people telling me what to do. if i waited i would have been in a much better position

Posted 8/10/06 8:39 AM
 

lululu
LIF Adult

Member since 7/05

9508 total posts

Name:

Re: Spinoff: If you just bought within the last year or so...

No - I do not regret our decision at all. I still look at every home that comes onto MLSLI (and sometimes I even go to the open houses Chat Icon ) and I havent seen any houses in our price range that I like better than the one we purchased.

I did think that we got a "deal" at the time though, because the owners were oversees and the listing agent was on vacation for the winter in Florida. The house wasn't properly marketed and never even made it onto MLS. They only held an open house after we had an accepted offer and I think that was only because the agency felt bad about the way they handled it.... And it was freezing rain that day!

As for the interest rate - it's okay.... we had to give up great rates on the condo's we sold (4% & 4 1/8%). I wasnt too concerned about the interest rate because i think we will end up paying off our mortgage in the next 3-5 years anyway....

Posted 8/10/06 8:45 AM
 

LIBOUND
Texting king

Member since 10/05

5289 total posts

Name:
Suzy

Re: Spinoff: If you just bought within the last year or so...

Posted by preshy7

yes. i got a great interest rrate but i paid alot for a little tiny house.

i also only got it fixed for 5 years...

if i bought now, with the fear that interest rates would rise, i would have gotten a 30 year and would also probably have a bigger home.


i guess it all evens out financially but in my situation, i wish i waited.

alot pf pressure was put on me and every monetary move was scrutinized by people asking "why are you going on vacation? arent you saving for a house?" or "where are you going to live after you get married - arent you going to buy a home?"

im sick of people telling me what to do. if i waited i would have been in a much better position




I could have written that. We did get a 30 year fixed, but I think we didn't get a lot of house for the money we paid.

Posted 8/10/06 9:25 AM
 

dandr10199
Grace is growing up too fast!

Member since 10/05

11561 total posts

Name:
Dina

Re: Spinoff: If you just bought within the last year or so...

We moved upstate and bought a fixer upper on a lake Chat Icon

We paid a lot less than what the seller was asking and we got a great deal. However, I do think we could have gotten something for a little more $$ that did not have so much work if we waited. But then we would not have the lakefront property probably. I guess I am undecided about my answer. I know that the renovations on our house are worth it and in the end it will be an awesome house but it is a BIG PITA, especially with a newborn. Sometiimes I wish we moved into a townhouse that all we had to do was paint and be done with it. OK, vent over.

Posted 8/10/06 9:38 AM
 

Beth
The Key to your new home....

Member since 2/06

24849 total posts

Name:
Beth

Re: Spinoff: If you just bought within the last year or so...

Posted by preshy7

y

alot pf pressure was put on me and every monetary move was scrutinized by people asking "why are you going on vacation? arent you saving for a house?" or "where are you going to live after you get married - arent you going to buy a home?"




try being married to mortage banker- people have been pressuring us since we started dating about when we are going to buy a house

we almost surcame to the pressure last summer when I house we like dropped from $1.2M to $999K

guess what 1 year later- a different house on the same block- but the same house- is now listed at $750K

we would have had to do an interest only to buy that house- and it would have been a HUGE mistake-

Posted 8/10/06 9:40 AM
 

MrsRbk
<3 <3 <3 <3

Member since 1/06

19197 total posts

Name:
Michelle

Re: Spinoff: If you just bought within the last year or so...

not at all. We got an awesome interest rate locked in for 10 years. Yes, we probably could have gotten the same house at this time this year and would have probably paid close to 100k less for it the way prices are dropping, but the interest rate we got wouldn't have been there. As much as we paid for our house we still feel we got an awesome deal for it.

Posted 8/10/06 9:44 AM
 

christy
Mommy of 2

Member since 5/05

6787 total posts

Name:
Christy

Re: Spinoff: If you just bought within the last year or so...

I am in the process of buying right now, and I am torn. I love the house so much, and it really has everything we wanted...plus all the extras! But, I jumped on it because I had my eye on the market for so long and it was a good deal compared to last year. Now, I am not sure if other house in the neighborhood will sell for as much. So I fear now that I am in contract, I am overpaying. DH doesn't have any doubts or reservations...I just over analyze EVERYTHING!

Posted 8/10/06 9:56 AM
 

krwm
<3

Member since 7/05

3466 total posts

Name:

Re: Spinoff: If you just bought within the last year or so...

nope, I love my house and I think we paid a fair price considering the area, the house was brand new, etc.

Posted 8/10/06 10:01 AM
 

MsG
Should be working

Member since 5/05

2824 total posts

Name:
G

Re: Spinoff: If you just bought within the last year or so...

Posted by dita

Nope. I think we got a good deal on our house and I haven't found anything comparable for less then it.



Same here. Plus the interest rate is very low.

Posted 8/10/06 10:16 AM
 

ODonnell
.

Member since 9/05

5983 total posts

Name:

Re: Spinoff: If you just bought within the last year or so...

In our case the value of our property has increased. We recently had it appraised and although we put approximatley $50K into it in the last year, it was valued for $100K more than we paidChat Icon

ETA: I forgot that the fixed rate on our mortgage is more than 1% less than the rate now.

Message edited 8/10/2006 10:28:26 AM.

Posted 8/10/06 10:23 AM
 

kaklesmay
Love my baby boy!

Member since 9/05

1151 total posts

Name:
Kim

Re: Spinoff: If you just bought within the last year or so...

No. I wouldve paid way more for the house we bought.

Plus everything on the market is crap right now.

No regrets!

Posted 8/10/06 10:39 AM
 

Laura1976

Member since 5/05

5754 total posts

Name:
Laura

Re: Spinoff: If you just bought within the last year or so...

DH hates it more then I do. I try not to think about it, i love our house and plan on spending many many years in it.

Posted 8/10/06 11:08 AM
 

FelAndJon
needs to update her avatar pic

Member since 6/05

10212 total posts

Name:
Felice (aka LuckyBride2004)

Re: Spinoff: If you just bought within the last year or so...

Nop;e! I LOVE my house Chat Icon

Posted 8/10/06 11:34 AM
 
Pages: [1] 2
 

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