Quote from: turd-bobspapa on October 01, 2008, 12:00:40 PM
was there last weekend....weeeeeeeeeeeeeeeeeeeeee  [moto]

how was the weather

Quote from: superjohn on October 01, 2008, 03:01:11 PM
Anyway, back to the point. My advice is to move into a smaller apartment than you'd like with a lower rent and save a lot for a down payment. Prices will likely continue to fall for 12 to even 24 months, and interest rates are only going to go up or stay even at the best, so you don't want to borrow a lot anyway. Good luck.

yeah, we were thinking that. but it would have to be a house to rent, we have too many things/toys and a dog that needs a big yard. the thing is the relocation company will be paying all the closing costs/realtor/inspections and everything else associated. those benefits expire in late December, and the paid storage time just ran out. we'll find out soon if the deal goes through. oh well, things happen for a reason. hell, the way things keep dropping by next year we might be able to buy in cash!

Mine dropped about $90K from the peak. I'm still up about 170% from buying it in 2003. I really doubt it's going to get anywhere close to what I bought it at.

Down about 10% ($40k) from just under 3 years ago.  I thought we were buying at a low point...  That's what I get for thinkin'!

I was thinking how nice it would be to buy a condo in Waikiki.  We can afford it, assuming even occasional rental.  Until you look at the RIDICULOUS maintenance fees.  $600 for a studio with no pool, no parking, etc.  I think we'll keep searching for an investment property.

Here in NYC, rents got so out of hand some people over extended themselves buying condos to reduce monthly expense.  This also pushed up husing costs in the boroughs.  People simply ran out of options, kind of a big catch 22.