Quote:
Originally Posted by Choker
This is what I tried telling her. Depreciation here accelerated last quarter and the economy is looking worse overall, not better. I was going to buy a $500k house back in 2007. Today that house is worth maybe 300k. People here posting that they would buy a house, and I appreciate everyones feedback, but the stats don't lie. Homes are going down in value here in Florida with no signs of stopping. When I do the math it simply makes no sense to buy right now. $7000 a year depreciation on a 100k house. No matter how I run the numbers renting is better.
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Well there's your problem, you're comparing prices from before the real estate market collapse to after. And using that same comparison to buying a house today. That would only make sense if the market were to collapse a second time, just as bad as the first - come on man....
