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Pop Quiz Hotshot

rose-colored-coolaidrose-colored-coolaid
edited December 2008 in Seattle Real Estate
You always wanted a just above average home (2000 sq ft on a 10,000 sq ft lot with 3-4 bd rm and 2-3 bth), and now the year is 2010 and such a home is finally within reach. You've saved a lot of money renting for the last five years and have a massive down payment. The only problem is that housing is now so cheap you can buy your dream house with cash and not even apply for a mortgage.

So, what do you do?

Comments

  • Dave0Dave0
    depends on the price to rent ratio at the time and whether I think the market is going to appreciate or depreciate.
  • AlanAlan
    Assuming buy/rent ratio was closer to historical norms, I would buy.
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