Originally Posted by birdmanx1 (Post 1346581)

Bacal, this article might come in handy...
Home Mortage Rates Drop Under 4%

Originally Posted by Isamu (Post 1346727)

3.75% for my mortgage!! F YEA!

Originally Posted by bacalhau16 (Post 1308358)

I can already foresee some of the questions coming, so here is what I meant buy "saving" money while owning the GTR.

370Z payment = $635/month
mortgage pay = $1050/month
plus all other bills, cable, electric, oil, water etc. We will call it $400/month

or
GTR payment = $1100/month
Rent Payment = ~$450/month
Plus all other bills, cable, electric, oil, water etc. We will call it $400/month


So, in reality, I would loseabout $265 a month and own a GTR.

(Yes, Im playing devils advocate and having fun with this discussion. Go with it.)

Originally Posted by LONDON2012 (Post 1309418)

As far as house or save up money, in general, I think it depends on rent prices. We bought a house at 4.25% interest, but everything combined mortgage insurance, prop tax, house insurance, loan, it all comes out to $75 a month more than what we were paying in rent for a two bedroom one bath apartment. We bought what most people consider a starter home: 1600 sqft, 4 bed, 2 bath. We plan on living in it until retirement though. We don't have a very good emergency fund saved, but with the costs of renting and owning being similar, we felt that it made sense to buy at this time.

I guess all that to say that I think buying a house can still make sense in this environment. Also the Fed is going to keep interest rates low for the next 2 years, and obviously the inventory is huge, so I don't think there is any rush. Buy if you have a long-term plan and can visualize how owning a home will help meet your certain long-term life goals.

Originally Posted by birdmanx1 (Post 1346735)

:tup:

Originally Posted by FuszNissan (Post 1346746)

Well, they are both deprecating assets right now...:stirthepot:

Originally Posted by Isamu (Post 1346766)

yea man... and I get 100 bucks off my closing costs LOLOLOL

Originally Posted by birdmanx1 (Post 1346867)

hahahaha you had to bring that up Fusz!!!


That's so full of win!!! If you luck out you might even get a few more $$ in a few months. The title company made a mistake during my closing, they found out about it almost 1.5 year later as part of audit. I ended up getting an unexpected check for a few thousand $$ :happydance: