Comments on: You Can Benefit from Impending Inflation http://toughmoneylove.com/2009/05/31/benefit-real-estate-inflation/ The Hard Truth about Money and Personal Finance Thu, 18 Mar 2010 15:14:21 +0000 http://wordpress.org/?v=2.9 hourly 1 By: Revanche http://toughmoneylove.com/2009/05/31/benefit-real-estate-inflation/comment-page-1/#comment-4648 Revanche Thu, 04 Jun 2009 23:16:11 +0000 http://toughmoneylove.com/?p=3815#comment-4648 Frankly, I like the idea. I'm still years away from it, but when I was 17, I did some back of the envelope calculations and decided that I'd need at least 200K in cash before committing to a house. In some areas, that'd be a rather nice home and possibly piece of land. It's been ten years but I'm nearly 1/4 of the way there. And I still think it's not a bad way to go about buying a home. Frankly, I like the idea. I’m still years away from it, but when I was 17, I did some back of the envelope calculations and decided that I’d need at least 200K in cash before committing to a house. In some areas, that’d be a rather nice home and possibly piece of land. It’s been ten years but I’m nearly 1/4 of the way there.
And I still think it’s not a bad way to go about buying a home.

]]> By: Rob Bennett http://toughmoneylove.com/2009/05/31/benefit-real-estate-inflation/comment-page-1/#comment-4589 Rob Bennett Mon, 01 Jun 2009 15:54:24 +0000 http://toughmoneylove.com/?p=3815#comment-4589 I think people are underestimating what it means to be in an economic crisis. I believe that a lot of the rules are going to be changing. The "experts" are expert in what used to work, not necessarily in what is going to work in coming days. Rob I think people are underestimating what it means to be in an economic crisis.

I believe that a lot of the rules are going to be changing. The “experts” are expert in what used to work, not necessarily in what is going to work in coming days.

Rob

]]> By: nickel http://toughmoneylove.com/2009/05/31/benefit-real-estate-inflation/comment-page-1/#comment-4588 nickel Mon, 01 Jun 2009 13:50:57 +0000 http://toughmoneylove.com/?p=3815#comment-4588 Thanks, I'll check it out. My main concern with buying something already built is that I'm not sure how much we'll be able to use it in the near term. We have young kids and tons of weekend activities (soccer, etc) which makes it difficult to get out of town a lot (during certain seasons) unless we're willing totally changing our lifestyle. As the kids get older, they'll become more independent/mobile, and we'll have more freedom. If we buy an existing home, we'll immediately have to deal with maintenance, etc. I was thinking that the land would serve as an investment/inflation hedge in the short term, with the long term goal of converting it into a vacation property. But... What do I know? I've never done this sort of thing before. Care to share any further wisdom on the matter? Thanks, I’ll check it out. My main concern with buying something already built is that I’m not sure how much we’ll be able to use it in the near term. We have young kids and tons of weekend activities (soccer, etc) which makes it difficult to get out of town a lot (during certain seasons) unless we’re willing totally changing our lifestyle. As the kids get older, they’ll become more independent/mobile, and we’ll have more freedom.

If we buy an existing home, we’ll immediately have to deal with maintenance, etc. I was thinking that the land would serve as an investment/inflation hedge in the short term, with the long term goal of converting it into a vacation property. But… What do I know? I’ve never done this sort of thing before. Care to share any further wisdom on the matter?

]]> By: Mr. ToughMoneyLove http://toughmoneylove.com/2009/05/31/benefit-real-estate-inflation/comment-page-1/#comment-4587 Mr. ToughMoneyLove Mon, 01 Jun 2009 13:24:03 +0000 http://toughmoneylove.com/?p=3815#comment-4587 Nickel - This is a great time to pick up some lake front property. I would try to buy something that is already built, which is what we did. I actually wrote a short article on lake home bargains at my Go To Retirement site. Nickel – This is a great time to pick up some lake front property. I would try to buy something that is already built, which is what we did. I actually wrote a short article on lake home bargains at my Go To Retirement site.

]]> By: nickel http://toughmoneylove.com/2009/05/31/benefit-real-estate-inflation/comment-page-1/#comment-4586 nickel Mon, 01 Jun 2009 13:12:22 +0000 http://toughmoneylove.com/?p=3815#comment-4586 Any thoughts on what will be happening with the vacation home market? I'd love to pick up a piece of lakefront property at some point. I know you already have one, so that's why I'm asking. P.S. Did you buy property and then build, or did you an existing second home? Any thoughts on what will be happening with the vacation home market? I’d love to pick up a piece of lakefront property at some point. I know you already have one, so that’s why I’m asking.

P.S. Did you buy property and then build, or did you an existing second home?

]]> By: TStrump http://toughmoneylove.com/2009/05/31/benefit-real-estate-inflation/comment-page-1/#comment-4581 TStrump Mon, 01 Jun 2009 06:05:09 +0000 http://toughmoneylove.com/?p=3815#comment-4581 I actually agree with this and sold my condo ... unfortunately, just before the market went crazy about 4 yrs ago. Oh well. Anyways, I still think prices are going to drop much more because the affordability just doesn't compute. Many people are barely making their mortgage payments right now. I actually agree with this and sold my condo … unfortunately, just before the market went crazy about 4 yrs ago. Oh well.
Anyways, I still think prices are going to drop much more because the affordability just doesn’t compute. Many people are barely making their mortgage payments right now.

]]> By: Dusty http://toughmoneylove.com/2009/05/31/benefit-real-estate-inflation/comment-page-1/#comment-4578 Dusty Mon, 01 Jun 2009 01:27:10 +0000 http://toughmoneylove.com/?p=3815#comment-4578 So, what if you already bought your house in cash? Buy another and rent it? Would this be a good time to get into rental properties? So, what if you already bought your house in cash? Buy another and rent it? Would this be a good time to get into rental properties?

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