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Seattle Bubble Forum Archive • View topic - Need Help

Need Help

Anything and everything relating to Seattle-area real estate.

Moderators: synthetik, The Tim, Lake Hills Renter

Need Help

Postby ayles » Thu Aug 30, 2007 9:25 am

ayles
Bubble Blatherer
 
Posts: 88
Joined: Mon Feb 26, 2007 1:05 pm

Postby uptown » Thu Aug 30, 2007 9:36 am

uptown
Bubble Watcher
 
Posts: 28
Joined: Sat Apr 21, 2007 1:19 pm

Postby redmondjp » Thu Aug 30, 2007 11:52 am

Uptown's got it right!

If they can really afford it, and can still afford it in 3-5 years w/o having to refinance in the mean time, then I'd say let them go for it! It's a free country.

Your situation reminds me of the John Carpenter movie They Live from 1988, where Roddy Piper's character finds a pair of special sunglasses which allow him to see the 'truth' (that there are aliens living among us).

At one point in the story, he tries to convince his friend to try on the sunglasses, and the friend doesn't want to. This leads to a fistfight, with Roddy finally winning and putting the glasses on his friend's face by force, revealing the truth to him. A clever twist on the rose-colored glasses analogy.

Are you willing to go to this length, and (more importantly), do you have the pair of special glasses handy?
Fighting off Affluenza on the Eastside since 1995
redmondjp
Bubble Bloviator
 
Posts: 200
Joined: Tue May 01, 2007 2:02 pm
Location: Redmond, WA

If They Consider Financial Reasons Not to Buy Now...

Postby BoomerToo55 » Thu Aug 30, 2007 12:34 pm

Then I like the following links to describe the disadvantages of getting into RE now:



or

Play with the and consider that in a recent Seattle PI article a commentator stated that it could take 10 Years before prices rise above their 2007 peak. That means that the housing appreciation factor you set in the calculator could be at the inflation rate, say 3-4%. I bet the rent option at the same rate looks pretty good from 7 - 30 years out if they invest their 20% at stock market rates (preferably overseas!).

Hope this helps.
BoomerToo55
Bubble Watcher
 
Posts: 1
Joined: Thu Aug 30, 2007 12:21 pm

Postby wreckingbull » Thu Aug 30, 2007 1:31 pm

I've come here today to chew bubble gum and kick ass... and I'm all out of bubble gum.

I remember that movie. :D :D :D :D
wreckingbull
Bubble Blatherer
 
Posts: 69
Joined: Fri Apr 20, 2007 8:47 am

Postby wsucougz » Thu Aug 30, 2007 2:42 pm

wsucougz
Bubble Watcher
 
Posts: 11
Joined: Sat May 19, 2007 11:27 am


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