tag:blogger.com,1999:blog-8483622.post113511915599879024..comments2024-02-29T20:00:59.902-08:00Comments on Cartago Delenda Est: There Ain't No Fixed RuleMatteohttp://www.blogger.com/profile/05393908406875742989noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8483622.post-1135189573361293022005-12-21T10:26:00.000-08:002005-12-21T10:26:00.000-08:00I sold my home under the condition that I find ano...I sold my home under the condition that I find another place to live before moving out. It sold immediately.<BR/><BR/>The buyer exerted enormous pressure for us to move. We found another house. Then things slowed down at his end; he wasn't taking care of business.<BR/><BR/>Two months went by in which everything in house #1 broke--the hot water heater, the AC. <BR/><BR/>The big factors in choosing to own are two: I can do what I please with my property; and I can deduct taxes and interest from my income tax. Otherwise, the government would own ME.miriam sawyerhttps://www.blogger.com/profile/06796668928044011101noreply@blogger.comtag:blogger.com,1999:blog-8483622.post-1135186661012637862005-12-21T09:37:00.000-08:002005-12-21T09:37:00.000-08:00One of the more interesting dynamics I've been rea...One of the more interesting dynamics I've been reading about is the number of "subject to sale of my other home" purchase contracts that are failing. It's kind of like deadlocked processes waiting for the same semaphore.Matteohttps://www.blogger.com/profile/05393908406875742989noreply@blogger.comtag:blogger.com,1999:blog-8483622.post-1135165432544914522005-12-21T03:43:00.000-08:002005-12-21T03:43:00.000-08:00From what I can tell, rents and mortagages here in...From what I can tell, rents and mortagages here in the suburbs of Washington DC are still close to the same monthly costs. (My three-year-old mortgage costs me less per month than renting a comparable home would, but house prices in my neighborhood have gone up at least 50% in those three years.) As you look closer to the city, rents become a bigger and bigger win.<BR/><BR/>There does seem to be some downward correction in home prices taking place -- two doors down from me, a house has been on the market for more than a month, which was unheard of the past few years. They originally asked $400k, but apparently lowered their asking price; even at the lower price, someone who signed a contract to purchase it backed out.<BR/><BR/>I hope that the aggregate behavior will be the soft landing that some have predicted, where home prices stay level for a number of years before rising again, but when interest rates rise, I fear (and expect) that many homeowners will be unable to make their ARM or negative-amortization mortgage payments, leading to a supply glut and market crash.Anonymousnoreply@blogger.com