Posted on: 09-05-12 21:37:15
Quote:
Originally posted by san-hugo
Generally Buying house is always a piece in the mouth more than you can chew !! But good thing is everybody who took the option is having the mouthfull, so why standing in the back row...take one step forward, eyes closed, pinch your nose and plungggge...
That is called bubble when most people behave same way and take bigger piece in mouth that can not be chewed. When same people vomit that is called bust.
Quote:
Originally posted by bhootnath
Yep I do remember responding to the forum along with most who just responded. Curious though which house did you finally buy. I am sure apart from being appreciated by 10-15% you must have been enjoying living there.
http://www.canadiandesi.com/read.php?TID=31442&page=1
Yes... Thanks for replying to my post at that time..... There is a lot of good advise one can get from this forum..... Especially when one is new..... We did buy the house we loved.... In Oakville.... It's really beautiful.... And we feel it was the right decision.... It is definitely much more expensive than renting.... But the diferrence is justified in the sheer pleasure of living in the house.....
There are many more points which members in this forum will guide you with.... But the decision is always your own.... All the best...
Quote:
Originally posted by rahul_singh23
Quote:
Originally posted by san-hugo
Generally Buying house is always a piece in the mouth more than you can chew !! But good thing is everybody who took the option is having the mouthfull, so why standing in the back row...take one step forward, eyes closed, pinch your nose and plungggge...
That is called bubble when most people behave same way and take bigger piece in mouth that can not be chewed. When same people vomit that is called bust.
My dad felt mouthful when he bought home and renovated it further, so did my grand dad. Everybody feels that way when homes are bought and thats why people go to banks for help (mortgage) , that means the home bubble was always there !! ?? !!
People who want to live in homes never vomit because they love what they eat. For sure some weak headed investors and naysayers like you do vomit that too on speculations.
Have you vomited already and living on rent ?
Quote:
Originally posted by san-hugo
Quote:
Originally posted by rahul_singh23
Quote:
Originally posted by san-hugo
Generally Buying house is always a piece in the mouth more than you can chew !! But good thing is everybody who took the option is having the mouthfull, so why standing in the back row...take one step forward, eyes closed, pinch your nose and plungggge...
That is called bubble when most people behave same way and take bigger piece in mouth that can not be chewed. When same people vomit that is called bust.
My dad felt mouthful when he bought home and renovated it further, so did my grand dad. Everybody feels that way when homes are bought and thats why people go to banks for help (mortgage) , that means the home bubble was always there !! ?? !!
People who want to live in homes never vomit because they love what they eat. For sure some weak headed investors and naysayers like you do vomit that too on speculations.
Have you vomited already and living on rent ?
Bingo!
Why given logic did not work in USA?
90% first timers are buying home with less than 10% down payment and super low mortgage rates. They are under water from day one. What are they called, speculations/investor/financial discipline owner?
Rent is vomiting too if rent is more than mortgage interest+taxes+fees+maintenance cost+other cost.
Quote:
Originally posted by san-hugo
People who want to live in homes never vomit because they love what they eat. For sure some weak headed investors and naysayers like you do vomit that too on speculations.
Have you vomited already and living on rent ?
Let's do the math and talk stats.
How many of you guys own a home and feeling the pinch, and hence underwater?
Also, how many of you are waiting for this bubble to bust and then plan to buy?
Let's talk sense instead of all this hypothesis.
both have pros and cons.
