Comments on: Don’t Buy Unless You Consider Magic Number 7

By: Island Eye

Island Eye — Fri, 18 Jun 2010 15:10:42 +0000

Thanks for this great round up!

By: San Mateo Home Sellers in Trouble

San Mateo Home Sellers in Trouble — Wed, 22 Oct 2008 22:34:22 +0000

aww that sucks if this blog stopped. I really enjoyed reading it.

By: net reality

net reality — Wed, 22 Oct 2008 19:12:07 +0000

Layoffs the other day. See the main blog

By: Mark

Mark — Wed, 22 Oct 2008 16:16:43 +0000

I don’t see any updates to Sweet Digs since Oct. 15th. Is Sweet Digs Bay Area dead???? Has it moved to somewhere? (please let me know)

Mark

By: San Francisco Real Estate: “The Scoop” » Blog Archive » Broker Blogwrap: Buy, Wait, or Leave The City?

Wed, 22 Oct 2008 00:26:04 +0000

[...] first. [SF Hotlist] 3) Or maybe not. Unless you plan on living in that new home for seven years, it might just not be worth it. But are you really going to trust what the New York Times says? [...]

By: MDAccount

MDAccount — Sat, 18 Oct 2008 07:01:23 +0000

The 7 year idea just seems to be the same record played backwards — we keep trying to predict a future, even though our every experience is of being wrong each time we do. Seven years ago was, of course, October of 2001. We couldn’t have predicted all that’s happened in the past seven years, and I doubt we can seriously predict what’s going to go in the next seven. Yet, as human beings, we just keep trying.

There are a lot of considerations when buying a house, but if the decision depends on an exact prediction of the future, I’d give it a miss. For me, I’m interested in having my current rent turn into an investment — even if I lost money on a sale, I’ll still have been housed for far less than I currently pay, and there’s a reasonable chance I’ll make money.

It always makes sense to stay in a house as long as you can, but life happens. I think the best any of us can hope for is to be as smart about buying as our current knowledge allows.

By: David

David — Thu, 16 Oct 2008 15:26:02 +0000

Remember, if you’re thinking of a house as an investment (which you’re not, necessarily, but should be if you’re buying to rent it out, etc), the rate of return needs to beat alternative places to stick your money. “break even” loses to sticking it in a FDIC-insured CD.