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Real Estate
Reply to "The seven paths to DC-area home ownership"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here. [quote]I'm confused why you would rent for 8 years when we had a nice market bottom in 2008/2009. Why not buy then?[/quote] Yeah, cause I knew it would be a market bottom, right? "Hey, the roulette wheel came up 15. Why didn't you put all your chips on that number [i]before[/i] the spin?" :roll: Anon 12:43, thanks for the post. Very informative and enlightening. Maybe that is a viable path, and maybe I need to get more comfortable with the idea of PMI if we're gonna stay around here. [/quote] No need to be snarky OP. The news was pretty bleak in 2008, 2009, and the market was pretty bad but good deals could be had back then. If you were steadily employed, not leaving the area, considering a child, just saying that some foresight isn't so unheard of. You waited 8 years, and people are saying the same shit now they were saying in 2004 and 2005: "Oh the prices are going to keep going up up up up up!!!!!!!!!!!!!!!! Squeeee Buy now!!!" Please. All bullshit. There will be another downturn. Wait it out. And don't miss the next downturn when it comes.[/quote] The next downturn will not be anything like what we experienced in 2008. That was a once in a lifetime down turn.[/quote]
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