Rent vs buy chart - Page 2

shmike · 01-26-2011, 05:39 PM

Quote:

Originally Posted by derf

I paid 200k for the house, it's on the market for 140k now, and been up for sale since last march, no takers at all. It doesn't get much worse than that

Yes, yes it does.

You are complaining about a 30% loss?

Trust me, it can get MUCH worse than that.

derf · 01-26-2011, 05:49 PM

Quote:

Originally Posted by shmike

Yes, yes it does.

You are complaining about a 30% loss?

Trust me, it can get MUCH worse than that.

No not complaining about the 30% loss, complaining about the fact I have have had zero people come to look at the house at a 30% loss

shmike · 01-26-2011, 05:58 PM

Quote:

Originally Posted by derf

No not complaining about the 30% loss, complaining about the fact I have have had zero people come to look at the house at a 30% loss

Fair enough.

I know people that would be happy to have a willing buyer at a 75% loss.

Just remember, it can get / could be much worse.

Bryan · 01-26-2011, 06:11 PM

Do people change houses like their underwear? We bought our house back in 1994, even with the shitty housing market it's still worth almost 50% MORE now than what we paid for it back then.
Why is it bad if it's worth less now, if you plan on spending 20, 30 or more years there it shouldn't be a concern.

derf · 01-26-2011, 06:29 PM

I bought the house expecting to spend 10 years there, I had to move in 5

dReWpY · 01-26-2011, 06:59 PM

Mmy cousins bought a house for 280,000, they can't sell it for 30k$ and they have tried... sucks to be them

Homeslice · 01-26-2011, 07:28 PM

Quote:

Originally Posted by drewpy

Mmy cousins bought a house for 280,000, they can't sell it for 30k$ and they have tried... sucks to be them

Huh? $30K? Where is this?

tommymac · 01-26-2011, 08:45 PM

Quote:

Originally Posted by Bryan

Do people change houses like their underwear? We bought our house back in 1994, even with the shitty housing market it's still worth almost 50% MORE now than what we paid for it back then.
Why is it bad if it's worth less now, if you plan on spending 20, 30 or more years there it shouldn't be a concern.

With all the hassle and headache of the buying process I never want to do that again so I am ridin gout whatever things are worth. granted we lucked out and bought when the market was down and scored a lower rate which enabled us to spend more on a house. Only been a yr and a half so i dont even know what the house is worth now

dReWpY · 01-26-2011, 10:03 PM

Quote:

Originally Posted by Homeslice

Huh? $30K? Where is this?

Boynton Beach FL

sherri_chickie · 01-26-2011, 10:43 PM

I would love to see a similiar chart for Canada..

01-26-2011, 06:29 PM	#15
derf token jewboy Join Date: Nov 2008 Moto: CBR 900, KLR ugly ass duckling, Gas Man Posts: 10,799	I bought the house expecting to spend 10 years there, I had to move in 5 __________________

01-26-2011, 06:11 PM	#14
Bryan Trailer Queen Join Date: Oct 2009 Location: Decatur IN Posts: 30	Do people change houses like their underwear? We bought our house back in 1994, even with the shitty housing market it's still worth almost 50% MORE now than what we paid for it back then. Why is it bad if it's worth less now, if you plan on spending 20, 30 or more years there it shouldn't be a concern.

01-26-2011, 10:43 PM	#20
sherri_chickie WERA Yellow Plate Join Date: Nov 2009 Location: Calgary Moto: Gs500F Posts: 683	I would love to see a similiar chart for Canada..