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i_sometimes

(201 posts)

16. Call me clueless, what are you saying?

Reply to Huey P. Long (Reply #12)

Mon Jan 9, 2012, 12:10 PM

Jan 2012

We bought this house to live in, its not an investment, its our always going to live here home.
We can add on if we need to. We could by the lot next door for more yard.
It seems like these homeowners are worried more about when they sell even if most of them are not going to.
We wouldn't sell, if we wanted to move, we would rent it out for far more than what we are paying.
In the end, rent=mortgage payment, make sense?

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As home prices fall, more borrowers walk away [View all] Huey P. Long Jan 2012 OP

They would be foolish not to. Arctic Dave Jan 2012 #1

I think this too. Actually what I would do is buy another house Huey P. Long Jan 2012 #3

Or maybe rent to old house out? We are still paying the same rent as we were before. Rent does jwirr Jan 2012 #6

Yes! I just proposed this as well in a post below. -eom Huey P. Long Jan 2012 #10

I completely agree liberalmike27 Jan 2012 #23

Where would they go? pocoloco Jan 2012 #4

Renting would seem the best alternative. Arctic Dave Jan 2012 #5

If you want to 'own your home', simply state the rental income you will Huey P. Long Jan 2012 #9

No, anticipated rental income is not enough willing dwarf Jan 2012 #13

Well, there are ways around this. Papers can be manufactured and produced. Huey P. Long Jan 2012 #14

You didn't work for a bank, did you? Kurmudgeon Jan 2012 #22

If you are asking if I created all the derivitaves and bogus mortgage backed securtities, no. Huey P. Long Jan 2012 #31

I remember reading somewhere that many, if not most states can come after your new house cyberpj Jan 2012 #28

Waiting lists are usually long. jwirr Jan 2012 #7

I don't get the math... i_sometimes Jan 2012 #11

Sounds like 20k and about 15-20 years. (what you will miss)-eom Huey P. Long Jan 2012 #12

Call me clueless, what are you saying? i_sometimes Jan 2012 #16

People like you ( and me) are not being hurt by the housing prices dixiegrrrrl Jan 2012 #21

You aren't missing anything liberalmike27 Jan 2012 #26

This will hit the Boomers...big time KansDem Jan 2012 #2

Just thinking about the differences in generations. I am older than boomers and my generation jwirr Jan 2012 #8

Generation differences willing dwarf Jan 2012 #15

Exactly. My children are baby boomers and they are just now realizing that they need to go back to jwirr Jan 2012 #18

Extended families banding together. willing dwarf Jan 2012 #20

Curious as to how the projected year of recoverey, 2023, was determined... HCE SuiGeneris Jan 2012 #17

Happening even in New York now. closeupready Jan 2012 #19

I watched the movie "Larry Crowne" - that's what he did in the movie LynneSin Jan 2012 #24

Good to know. This plot line has good advice for some. -eom Huey P. Long Jan 2012 #27

Is America's population decreasing ? FreakinDJ Jan 2012 #30

Does owning a home even make sense for most peole these days? stopbush Jan 2012 #25

Unenlightened homeowners will walk away while enlightened homeowners will file a Quiet Title suit. ms.smiler Jan 2012 #29

Thanks for posting! I hope you help someone with this post. -eom Huey P. Long Jan 2012 #32

So the couple bought a property they could not sustain payments on.... Evasporque Jan 2012 #33

Locking, does not meet criteria for LBN, feel free to repost in GD, Good Reads or Economy. Thanks! Rhiannon12866 Jan 2012 #34