Comments | geekchick: (без темы)

geekchick

(Untitled)

Jul 02, 2005 17:48

The credit card with the second-highest APR will be paid off completely next Friday, and the others are no longer anywhere close to their limits. (We'll leave aside that some of that is because one of them inexplicably raised my limit by something like 50%. Yeesh.) Go me ( Read more... )

budget, money, housing

Comments 5

mouseman July 2 2005, 23:24:28 UTC

I might have almost enough for a downpayment by the time I'm 45.

Some say there will be a housing market collapse in the next few years, so you might be better off waiting anyways.

brian1789 July 3 2005, 01:19:09 UTC

Agreed. There's no way my dinky 1100 sqft rundown 3/2 house in CA is worth its current $750K appraisal... the bottom has to drop out soonish.

geekchick July 3 2005, 02:45:21 UTC

Eh. They keep talking about it here, but I haven't heard anyone who seriously thinks that the bubble's going to burst around here anytime soon.

geekchick July 3 2005, 02:44:23 UTC

Yeah, that's pretty much been the plan for the last few years. Interest rates were low, but the amount we'd need to borrow to find anything acceptable (by which I mean mostly "not a condo") is just too high.

(The comment has been removed)

geekchick July 3 2005, 16:01:00 UTC

But that was a year ago; I haven't looked at housing prices since then.

I just did a search on realtor.com for houses with at least 2 bedrooms/2 baths in Fairfax between $250k and $500k, and got 13 hits out of 800+ total. Low price was $425. Heck, the townhouse three doors down was listed for $500,000 a few weeks ago. (And I know how shoddy the construction in these units is. ;) ) If I want to buy anytime soon and don't want a condo, I'm not going to be able to afford Fairfax I think. Of course Prince William and Loudoun counties are skyrocketing too, I think they both had a larger increase in median sale price last year.

As to the housing bubble bursting, Ray is incredibly paranoid about this as well, to the point where he wants us to sell the house and rent for a while until the crash, then buy cheap. But I wanted a house for more than just the investment -- I wanted a home -- and I do not want to sell it based on a prediction that may or may not actually come true.*nod* Yeah, I don't want to buy a house just because I want ( ... )