Housing schmousing...

[Ivanovich]

Quote from Lawrence Chan:

When it is consumption, there is no such thing as objective valuation anymore

e.g. you like a movie so much you buy it the first day it is available in the store, knowingly know that in a week or so, it will be at least 10 to 15% lower in price.

Thats why affordability is the only factor remaining, although most people over estimate their ability to afford anything

sorry, I don't work that way. when I see something overpriced, I almost always do not buy it or shop for a better deal. That's called being "thrifty".

 

[Ivanovich]

Quote from Covertibility:

Housing bears still at it, oh wait, its this site...these are just apartment dwellers who can't afford anything.

Said the guy with almost 1400 posts on this site.

 

[aPismoClam]

Quote from Ivanovich:

Said the guy with almost 1400 posts on this site.

who probably lives in an apartment too. in the basement of his mother's house.

 

[Covertibility]

Quote from tanp21:

Careful what you say. My 600 square foot apartment in NYC is worth more than your house.

You know what I mean.

I can't believe the pricing on some of those places.

 

[Covertibility]

Quote from Ivanovich:

Said the guy with almost 1400 posts on this site.

I know why I don't buy American.

 

[Ivanovich]

Great. But do you know why you continue to troll this thread? 'Cause the rest of us sure don't.

 

[dougcs]

Quote from Ivanovich:

sorry, I don't work that way. when I see something overpriced, I almost always do not buy it or shop for a better deal. That's called being "thrifty".

How will you determine if the housing in your desired place to live is overpriced?

DS

 

[Ivanovich]

That's a great question, honestly.

But I can say that when I'm looking at a two bedroom, 1000 square foot ranch style house for about half a million, something is wrong. At least in that area of the country.

Perhaps from seeing what friends of mine have bought in the last year?