dcsimg The Get Rich Slowly Forums • View topic - Recollapse!!!!

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A place for Get Rich Slowly readers to ask questions
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It is currently Tue Oct 21, 2014 8:10 am




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 Post subject: Recollapse!!!!
PostPosted: Mon Mar 04, 2013 3:48 am 

Joined: Wed Oct 07, 2009 4:16 pm
Posts: 961
Is the housing market going to collapse again?

I am asking becuase I am getting around the idea in my head to be either a condo or single family home owner.

I look to this website for guidance.

The whole get a mortgage pre-approval and all that stuff or a book I should read before my mind is set.

I live in north Florida not sure if it matters. Perhaps if I can get pin pointed to what to read and educate myself about my town.

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 Post subject: Re: Recollapse!!!!
PostPosted: Mon Mar 04, 2013 7:17 am 

Joined: Fri May 04, 2012 2:23 pm
Posts: 810
I wish I knew myself.

But, if you buy a home you can afford and will keep you satisfied long term, I don't see how you could lose.

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"If you only have 1 year to live, move to Penn...as it will seem like an eternity."


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 Post subject: Re: Recollapse!!!!
PostPosted: Mon Mar 04, 2013 7:19 am 

Joined: Wed Oct 07, 2009 4:16 pm
Posts: 961
I am looking at a condo with low HOA fees and safe neighborhood.

Unless I see a single family cottage that is amazing. Still not sure; I am more than likely to get my best option available.

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 Post subject: Re: Recollapse!!!!
PostPosted: Tue Mar 05, 2013 12:09 pm 

Joined: Mon Sep 21, 2009 9:04 am
Posts: 43
What is the history of your local housing market like? Even during the big collapse our local housing market barely budged because we get a lot of second home owners from a big city a few hours away.


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 Post subject: Re: Recollapse!!!!
PostPosted: Tue Mar 05, 2013 5:26 pm 

Joined: Wed Oct 07, 2009 4:16 pm
Posts: 961
Quite frankly I have no idea. I dont even know how to find such data.


A coworker was telling me about a program which helps you with the down payment for instance;

I have 10% on my own and the program gives me another 10% to go towards the down payment.

I dont even know whether it is public assistance or not.

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 Post subject: Re: Recollapse!!!!
PostPosted: Tue Mar 05, 2013 5:48 pm 

Joined: Fri Sep 12, 2008 12:29 pm
Posts: 1627
Location: Seattle, WA
fantasma wrote:
Quite frankly I have no idea. I dont even know how to find such data.


A coworker was telling me about a program which helps you with the down payment for instance;

I have 10% on my own and the program gives me another 10% to go towards the down payment.

I dont even know whether it is public assistance or not.


Typically those programs are funded by "donations" from sellers.


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 Post subject: Re: Recollapse!!!!
PostPosted: Tue Mar 05, 2013 6:17 pm 

Joined: Wed Oct 07, 2009 4:16 pm
Posts: 961
Interesting...I am not eligible for them anyway. My "income" is too high.

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