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Seattle Bubble Forum Archive • View topic - Reasonable time to buy in So. SnoCo?

Reasonable time to buy in So. SnoCo?

Anything and everything relating to Seattle-area real estate.

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Re: Reasonable time to buy in So. SnoCo?

Postby EconE » Tue Apr 07, 2009 12:41 pm

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Re: Reasonable time to buy in So. SnoCo?

Postby rose-colored-coolaid » Tue Apr 07, 2009 8:00 pm

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Re: Reasonable time to buy in So. SnoCo?

Postby jjl » Wed Apr 08, 2009 6:55 am

I disagree. And I certainly would not look at the last 3 years as a guideline because the bubble years just went up and up.

However if you look at my chart for the last 10 years (prior to 2004) for Snohomish Co. you can see the month over month slow creep up.

Even so, it must be watched over at least a 6 month period along with the YOY. I think they are both important to watch. So whether the market is going up or down, over a period of time (less than 12 months) you can still see a trend.

It's still spectulation, as no one can predict which way the trend will keep going especially with the uncertainty in the economy.

http://1.bp.blogspot.com/_qOT_WZGcHPo/S ... h+2009.PNG
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Re: Reasonable time to buy in So. SnoCo?

Postby deejayoh » Wed Apr 08, 2009 8:41 am

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Re: Reasonable time to buy in So. SnoCo?

Postby perfectfire » Wed Apr 08, 2009 10:26 am

Remember, if you rent it's not a home, it's a hovel.
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Re: Reasonable time to buy in So. SnoCo?

Postby gameboy » Wed Apr 08, 2009 10:38 am

Hmmm...

If I am only 7 years away from retirement where my income is going to take a SIGNIFICANT hit, I am not sure if I want to buy at all.

One thing is for sure, if you are going to buy ANYTHING, I would make sure that I can afford the mortgage with my expected retirement income. I would also not get a mortgage any longer than 15 years MAX.

I don't know your income, but unless you are making $150k/year, $400K seems awfully high even with your down payment...
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Re: Reasonable time to buy in So. SnoCo?

Postby rose-colored-coolaid » Wed Apr 08, 2009 8:07 pm

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