01-23-2007, 03:05 PM
Wow I'm really surprised you guys still think that renting is a better solution than buying =P
I ran the numbers for Hauln-SS and I'd be willing to do it for any of you guys as well. The combined tax savings plus higher take home pay plus the fact that you're actually investing your money into something and not throwing it away always always always gives the edge to buying your own home.
The key is to get in on a great deal (i.e. spec home that a builder is trying to dump, foreclosure, etc. etc.) in an area that is always going to be popular for relo's or that has a high rate of growth.
The real estate market is cyclical people. MRIS shows that right now resales are at an extreme low compared to the past year and homes are not staying on the market as long before they are sold. Our company alone is seeing solid numbers and expect a very strong spring. It is still a buyer's market, but that's disappearing quickly. Our prices have slowly been creeping back up because we can.
You get absolutely no return out of renting, and if you're smart about it, when you purchase a home you can pull out what equity you've made and use that to move up to something nicer. OR, if you've been there long enough and your mortgage starts to dwindle, you can pull out a HELOC and use it to add all the features to your home that you couldn't afford to do in the first place (like that 4 car garage with a custom lift and Goliath tool center ^_^ ).
I ran the numbers for Hauln-SS and I'd be willing to do it for any of you guys as well. The combined tax savings plus higher take home pay plus the fact that you're actually investing your money into something and not throwing it away always always always gives the edge to buying your own home.
The key is to get in on a great deal (i.e. spec home that a builder is trying to dump, foreclosure, etc. etc.) in an area that is always going to be popular for relo's or that has a high rate of growth.
The real estate market is cyclical people. MRIS shows that right now resales are at an extreme low compared to the past year and homes are not staying on the market as long before they are sold. Our company alone is seeing solid numbers and expect a very strong spring. It is still a buyer's market, but that's disappearing quickly. Our prices have slowly been creeping back up because we can.
You get absolutely no return out of renting, and if you're smart about it, when you purchase a home you can pull out what equity you've made and use that to move up to something nicer. OR, if you've been there long enough and your mortgage starts to dwindle, you can pull out a HELOC and use it to add all the features to your home that you couldn't afford to do in the first place (like that 4 car garage with a custom lift and Goliath tool center ^_^ ).
Posting in the banalist of threads since 2004
2017 Mazda CX-5 GT AWD Premium
Past: 2016 GMC Canyon All Terrain Crew Cab / 2010 Jaguar XFR / 2012 Acura RDX AWD Tech / 2008 Cadillac CTS / 2007 Acura TL-S / 1966 5.0 HO Mustang Coupe
2001 Lexus IS300 / 2004 2.8L big turbo WRX STI / 2004 Subaru WRX / A couple of old trucks
2017 Mazda CX-5 GT AWD Premium
Past: 2016 GMC Canyon All Terrain Crew Cab / 2010 Jaguar XFR / 2012 Acura RDX AWD Tech / 2008 Cadillac CTS / 2007 Acura TL-S / 1966 5.0 HO Mustang Coupe
2001 Lexus IS300 / 2004 2.8L big turbo WRX STI / 2004 Subaru WRX / A couple of old trucks