Nora, repeat this over and over, because it's the point. If you're planning on living there a while and can afford the mortgage, it doesn't really matter what housing prices are doing today.
Also here is a left brain way to look at it:
Add up your total expenses - mortage, prop taxes maintenance. Substract your income tax break. What would it cost you to rent something with the same square feet and same size yard? A whole lot more right? Even if the bubble bursts, I don't think anyone expects to rents to drop that much (or probably at all). So if you stay in the place a while you are ahead over renting no matter what property values do.
Even if the bubble bursts, I don't think anyone expects to rents to drop that much (or probably at all).
Certainly not where Nora and Tom live. And I speak from long, sad experience with the area (even though my current rental is better than I could have hoped for).
sj, that sounds AMAZING! You sure it's not too much trouble?
It's really easy. Shh! Don't tell.
I just registered for classes for the Fall Semester! If someone would like to remind me that I can do this [lie to me if necessary] I would really appreciate it.
Also, when I called to put my name into the system I spelled it for the lady on the phone, and she still didn't enter my first name in the computer correctly. FTR, my first name is not that difficult to spell.
It's the silent q...
Unless she was Canadian and added u's all willy nilly.
Should that be wuilly nilluey?
You can do it sj!!! Very awesome.
And that's no lie.
sj, you can totally do it!
Um, maybe the lady thought you were so cool she wanted you to have to call back and talk to her again?
Go you, sj! You can do it.
I'm off to the vet with Toto. Wish us luck.
vet-ma for (((vw & Toto)))
