{"id":13255,"date":"2010-09-15T11:24:26","date_gmt":"2010-09-15T18:24:26","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=13255"},"modified":"2010-09-15T11:27:23","modified_gmt":"2010-09-15T18:27:23","slug":"love-these-10-reasons-to-buy-a-home","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/13255\/love-these-10-reasons-to-buy-a-home\/","title":{"rendered":"Love these “10 Reasons to Buy a Home”"},"content":{"rendered":"

From the Wall Street Journal, complete with video, is Brett Arends take on why now might be a great time to buy a home.\u00a0 This is the action item to follow Greg’s last post on Why Housing will come back<\/a>.\u00a0 I’m in a very seasonal, resort type of market.\u00a0 A buyer’s negotiating position right now, when a seller who doesn’t have a deal is likely going to still own their home next spring, is amazing.\u00a0 Make that reason eleven.<\/p>\n

Enough with the doom and gloom about homeownership.<\/p>\n

Sure, maybe there’s more pain to come in the housing market. But when Time magazine starts running covers<\/a> that declare “Owning a home may no longer make economic sense,” it’s time to say: Enough is enough. This is what “capitulation” looks like. Everyone has given up.<\/p>\n

\n
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\"[roiA0915]\"The Sept. 6 cover of Time magazine: This is what capitulation looks like.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

After all, at the peak of the bubble five years ago, Time<\/a> had a different take. “Home Sweet Home,” declared its cover then, as it celebrated the boom and asked: “Will your house make your rich?”<\/p>\n

But it’s not enough just to be contrarian. So here are 10 reasons why it’s good to buy a home.<\/p>\n

1. <\/strong> You can get a good deal.<\/strong> Especially if you play hardball. This is a buyer’s market. Most of the other buyers have now vanished, as the tax credits on purchases have just expired. We’re four to five years into the biggest housing bust in modern history. And prices have come down a long way\u2013 about 30% from their peak, according to Standard & Poor’s Case-Shiller Index, which tracks home prices in 20 big cities. Yes, it’s mixed. New York is only down 20%. Arizona has halved. Will prices fall further? Sure, they could. You’ll never catch the bottom. It doesn’t really matter so much in the long haul.<\/p>\n

Where is fair value? Fund manager Jeremy Grantham at GMO, who predicted the bust with remarkable accuracy, said two years ago that home prices needed to fall another 17% to reach fair Read more<\/a><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

From the Wall Street Journal, complete with video, is Brett Arends take on why now might be a great time to buy a home.\u00a0 This is the action item to follow Greg’s last post on Why Housing will come back.\u00a0 I’m in a very seasonal, resort type of market.\u00a0 A buyer’s negotiating position right now, […]<\/p>\n","protected":false},"author":55,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[15,5],"tags":[],"class_list":{"0":"post-13255","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-carnival-of-real-estate","7":"category-real-estate","9":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":127,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/127\/oh-good-lord-theyve-got-one-of-our-own\/","url_meta":{"origin":13255,"position":0},"title":"Oh, good lord! They’ve got one of our own!","author":"Greg Swann","date":"July 24, 2006","format":false,"excerpt":"This morning's Arizona Republic has a little featurette on a housing bubble weblog in Gilbert. It's called the Housing Doom Housing Bubble Blog, but I think would it be more sonorous if it were to be named the \"Housing Doom Housing Bubble Housing Blog\" or even the \"Housing Doom Housing\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7018,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/7018\/obamas-housing-rescue-plan-wont-rescue-housing-but-it-will-delay-the-eventual-recovery-of-the-real-estate-market\/","url_meta":{"origin":13255,"position":1},"title":"Obama’s housing rescue plan won’t rescue housing, but it will delay the eventual recovery of the real estate market","author":"Greg Swann","date":"February 21, 2009","format":false,"excerpt":"This is my column for this week from the Arizona Republic (permanent link). \u00a0Obama's housing rescue plan won't rescue housing, but it will delay the eventual recovery of the real estate market President Barrack Obama came to Mesa Wednesday to announce his new housing initiative. The location made for good\u2026","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18710,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18710\/2023-housing-bubble-or-2024-real-estate-boom\/","url_meta":{"origin":13255,"position":2},"title":"2023 Housing Bubble or 2024 Real Estate Boom?","author":"Brian Brady","date":"May 15, 2022","format":false,"excerpt":"Zillow \"creates\" digital home valuations and The Fed \"creates\" digital currency so it's not like we are dealing with credible institutions BUT: The Dallas Fed is worried that housing is overvalued. Our evidence points to abnormal U.S. housing market behavior for the first time since the boom of the early\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":326,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/326\/economist-elliott-pollacks-housing-market-analysis\/","url_meta":{"origin":13255,"position":3},"title":"Economist Elliott Pollack’s housing market analysis","author":"Greg Swann","date":"September 12, 2006","format":false,"excerpt":"Phoenix and Tucson housing market analysis from Elliott Pollack:The economic fundamentals that have allowed Greater Phoenix to prosper have not changed. Our long term forecast remains positive.Note this slide: That's ostensibly bad news, since our affordability is down substantially over the last 6 years. But what's interesting to me is\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":587,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/587\/business-journal-housing-market-could-bottom-out-in-six-months\/","url_meta":{"origin":13255,"position":4},"title":"Business Journal: “Housing market could bottom out in six months”","author":"Greg Swann","date":"October 31, 2006","format":false,"excerpt":"From The Business Journal of Phoenix:The housing market could bottom out during the next six months, according to Metrostudy's latest report on local real estate markets. \"Cutbacks in new production, aggressive incentives by sellers, the exit of the majority of investors and the fundamental demographic support for housing demand are\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":319,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/319\/more-august-housing-numbers-for-the-phoenix-area\/","url_meta":{"origin":13255,"position":5},"title":"More August housing numbers for the Phoenix area . . .","author":"Greg Swann","date":"September 11, 2006","format":false,"excerpt":"Dr. Jay Butler of ASU has his August numbers out, and his report is faithfully echoed by The Business Journal of Phoenix. 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