Comments on: A Great Time to Buy! (a house in Charlottesville) http://www.realcentralva.com/2008/10/23/a-great-time-to-buy-a-house-in-charlottesville/ Tracking Charlottesville's Real Estate Market since 2005 Sun, 12 Feb 2012 23:56:00 +0000 hourly 1 http://wordpress.org/?v= By: First Quarter Market Report for Charlottesville and Albemarle | Real Central VA http://www.realcentralva.com/2008/10/23/a-great-time-to-buy-a-house-in-charlottesville/#comment-26347 First Quarter Market Report for Charlottesville and Albemarle | Real Central VA Mon, 13 Apr 2009 11:46:05 +0000 http://www.realcentralva.com/2008/10/23/a-great-time-to-buy-a-house-in-charlottesville/#comment-26347 [...] clauses are poking their heads out of the history books). Realistically, it may really be a great time to buy a house - but it’s absolutely not “a great time to buy” for anybody and [...] [...] clauses are poking their heads out of the history books). Realistically, it may really be a great time to buy a house – but it’s absolutely not “a great time to buy” for anybody and [...]

]]> By: Charleston Real Estate Blog : It's a great time to buy! http://www.realcentralva.com/2008/10/23/a-great-time-to-buy-a-house-in-charlottesville/#comment-19266 Charleston Real Estate Blog : It's a great time to buy! Fri, 24 Oct 2008 14:24:05 +0000 http://www.realcentralva.com/2008/10/23/a-great-time-to-buy-a-house-in-charlottesville/#comment-19266 [...] your kids, have dinner parties, watch TV … you may want to consider buying right now." Read more.I'd like to emphasize a couple of points that Jim makes.Prices are declining. Interest rates [...] [...] your kids, have dinner parties, watch TV … you may want to consider buying right now." Read more.I'd like to emphasize a couple of points that Jim makes.Prices are declining. Interest rates [...]

]]> By: Waldo Jaquith http://www.realcentralva.com/2008/10/23/a-great-time-to-buy-a-house-in-charlottesville/#comment-19259 Waldo Jaquith Fri, 24 Oct 2008 00:30:21 +0000 http://www.realcentralva.com/2008/10/23/a-great-time-to-buy-a-house-in-charlottesville/#comment-19259 I find this "home as investment" thing a little crazy. I had a mortgage officer tell me a year ago that the great thing about owning a home would be that we could use it to leverage as an asset, getting loans against the value of the house to do whatever with. WTF? It's my <em>house</em>. I intend to keep it, and that means not using it as a chip. I don't care if it's worth $100K or $1M on paper if I'm busy living in it. (Which is why, incidentally, I support reforming the assessment process so that we reassess only at the time of property transfer.) Maybe most people are just less committed to living here than me and my friends and family. I had no problem having our architect plan to raise our countertops by a couple of inches, because I'm 6'4" and my wife is 5'8". After all, our kids are bound to be tall, so they'll appreciate it when they inherit the house after we die. I find this “home as investment” thing a little crazy. I had a mortgage officer tell me a year ago that the great thing about owning a home would be that we could use it to leverage as an asset, getting loans against the value of the house to do whatever with. WTF? It’s my house. I intend to keep it, and that means not using it as a chip. I don’t care if it’s worth $100K or $1M on paper if I’m busy living in it. (Which is why, incidentally, I support reforming the assessment process so that we reassess only at the time of property transfer.)

Maybe most people are just less committed to living here than me and my friends and family. I had no problem having our architect plan to raise our countertops by a couple of inches, because I’m 6’4″ and my wife is 5’8″. After all, our kids are bound to be tall, so they’ll appreciate it when they inherit the house after we die.

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