华尔街日报：跌价历时三年 全美房价开始回升

CoolMax

Why not, I see lots guys are buying:

1. price down a lot
2. interest rate history low
3. $8000for old, $18000 credit for new house.

common sense tell you not to buy, but that is the time ...
dara 发表于 2009-8-5 08:19 PM

If the Big banks gain from Trading not from Mortgage, is it a good sign for housing market???

hehe, Central Valley may be bottomed, but not Silicon Valley.

dara

If the Big banks gain from Trading not from Mortgage, is it a good sign for housing market???

hehe, Central Valley may be bottomed, but not Silicon Valley.
CoolMax 发表于 2009-8-5 20:24

It is just like buying stock, not many ppl are so luck to buy at the exact bottom.

If you buy for live, I guess it is a good time to buy now. Long term Sillicon Valley house will go up.

CoolMax

It is just like buying stock, not many ppl are so luck to buy at the exact bottom.

If you buy for live, I guess it is a good time to buy now. Long term Sillicon Valley house will go up.
dara 发表于 2009-8-5 08:30 PM

I believe even it is bottomed，it will stay at bottom for a while.

After summer, we will know the truth!

dara

I believe even it is bottomed，it will stay at bottom for a while.
CoolMax 发表于 2009-8-5 20:31

That is true, just like 91-93.

But if you buy for living, you not only live in a house, but maybe 5 years later, you see your house value up 30%, is not it a good thing?

maomi

17# dara

Dara Lao Da, where did you learn that buying new house can get $18000 tax credit? thank!

CoolMax

That is true, just like 91-93.

But if you buy for living, you not only live in a house, but maybe 5 years later, you see your house value up 30%, is not it a good thing?
dara 发表于 2009-8-5 08:34 PM

Yeah, that's exactly my point, why rush?!

dara

Yeah, that's exactly my point, why rush?!
CoolMax 发表于 2009-8-5 20:35

You buy now, you live in a house.

It is better than buy a stock.

CoolMax

You buy now, you live in a house.

It is better than buy a stock.
dara 发表于 2009-8-5 08:37 PM

Best case, price keeps flat, worst case, down more.

You cut loss, you pay 5-6% comission.

It's not like Stock, it's hard to cut loss.

coexist

It is just like buying stock, not many ppl are so luck to buy at the exact bottom.

If you buy for live, I guess it is a good time to buy now. Long term Sillicon Valley house will go up.
dara 发表于 2009-8-5 19:30

only if California and Sillicon Valley can keep prosperous.