Comments on: When is the Bottom: Myth Debunking 1 http://www.socalbubble.com/2009/06/when-is-the-bottom-myth-debunking-1.html Southern California is Experiencing a Real Estate Bubble like never before Fri, 04 Feb 2011 01:16:46 -0700 hourly 1 http://wordpress.org/?v=3.1 By: Vanman http://www.socalbubble.com/2009/06/when-is-the-bottom-myth-debunking-1.html/comment-page-1#comment-88914 Vanman Sat, 13 Jun 2009 06:22:56 +0000 http://www.socalbubble.com/?p=681#comment-88914 I Really enjoy reading about the socal bubble and bust. Up in Canada, we're about 18-24 months behind. In Spring with interest rates so low and the spring bounce, prices actually have gone up a couple of percentages. I look at SouthernCal as the leader that most if not all that North American provinces/states follow. Been reading the past two years, thanks for the blog! I Really enjoy reading about the socal bubble and bust. Up in Canada, we’re about 18-24 months behind.

In Spring with interest rates so low and the spring bounce, prices actually have gone up a couple of percentages.

I look at SouthernCal as the leader that most if not all that North American provinces/states follow.

Been reading the past two years, thanks for the blog!

]]> By: Alex Chediak http://www.socalbubble.com/2009/06/when-is-the-bottom-myth-debunking-1.html/comment-page-1#comment-88738 Alex Chediak Thu, 11 Jun 2009 00:36:40 +0000 http://www.socalbubble.com/?p=681#comment-88738 Chuck, This should be a great series. Thanks. The whole buy vs rent question really intrigues me. We are renting now. If housing prices remains flat (or negative), we're better off renting, since we can leave the money which would otherwise go for a down payment in the financial markets, making (an average of, say, 8%). If I assume 2% growth rate in home price over 4 years, and assume that my down payment money could have made 8% in the market, my effective monthly cost (after considering tax benefits, and proceeds on the sale of the home, less realty commisions) for owning a home purchased for $390K is $2560. But I could probably get something nicer for that price renting. Chuck,

This should be a great series. Thanks. The whole buy vs rent question really intrigues me. We are renting now. If housing prices remains flat (or negative), we’re better off renting, since we can leave the money which would otherwise go for a down payment in the financial markets, making (an average of, say, 8%). If I assume 2% growth rate in home price over 4 years, and assume that my down payment money could have made 8% in the market, my effective monthly cost (after considering tax benefits, and proceeds on the sale of the home, less realty commisions) for owning a home purchased for $390K is $2560. But I could probably get something nicer for that price renting.

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