Quote:
Originally Posted by Realtor 1
I can't help but laugh at JRW and his posts / little jabs.
It has now been about 8-9 months since the start of the correction discussion. If you are waiting to buy (lets say a $400,000 property), chances are you have spent at least $15,000 in rental payments over the 8-9 months. As it sits right now, you have not saved a dime as that specific market has not correct itself that much.
|
Well, to be fair, if he had bought a $400,000 house, he would have likely spent pretty close to $15,000 in property tax, interest and repairs.