Comments on: Buying a property with $0 cash down: Is your biggest dream will come down to haunt you in your nightmares? http://www.thefinancialblogger.com/buying-a-property-with-0-cash-down-is-your-biggest-dream-will-come-down-to-haunt-you-in-your-nightmares/ This is where your finance takes place Thu, 18 Mar 2010 20:40:04 +0000 http://wordpress.org/?v=2.9 hourly 1 By: Carnival of Personal Finance # 145: Baby Education Edition | 8ZU http://www.thefinancialblogger.com/buying-a-property-with-0-cash-down-is-your-biggest-dream-will-come-down-to-haunt-you-in-your-nightmares/comment-page-1/#comment-2266 Carnival of Personal Finance # 145: Baby Education Edition | 8ZU Fri, 11 Apr 2008 20:04:46 +0000 http://www.thefinancialblogger.com/buying-a-property-with-0-cash-down-is-your-biggest-dream-will-come-down-to-haunt-you-in-your-nightmares/#comment-2266 [...] Financial Blogger from The Financial Blogger presents Buying a property with $0 cash down: Is your biggest dream will come down to haunt you in your nigh..., and says, "I used to find completely ridiculous the idea of having 100% financing mortgages. [...] [...] Financial Blogger from The Financial Blogger presents Buying a property with $0 cash down: Is your biggest dream will come down to haunt you in your nigh…, and says, "I used to find completely ridiculous the idea of having 100% financing mortgages. [...]

]]> By: Carnival of Personal Finance # 145: Baby Education Edition | Mortgage Quotes http://www.thefinancialblogger.com/buying-a-property-with-0-cash-down-is-your-biggest-dream-will-come-down-to-haunt-you-in-your-nightmares/comment-page-1/#comment-2149 Carnival of Personal Finance # 145: Baby Education Edition | Mortgage Quotes Sun, 30 Mar 2008 01:06:42 +0000 http://www.thefinancialblogger.com/buying-a-property-with-0-cash-down-is-your-biggest-dream-will-come-down-to-haunt-you-in-your-nightmares/#comment-2149 [...] Financial Blogger from The Financial Blogger presents Buying a property with $0 cash down: Is your biggest dream will come down to haunt you in your nigh..., and says, "I used to find completely ridiculous the idea of having 100% financing mortgages. [...] [...] Financial Blogger from The Financial Blogger presents Buying a property with $0 cash down: Is your biggest dream will come down to haunt you in your nigh…, and says, "I used to find completely ridiculous the idea of having 100% financing mortgages. [...]

]]> By: sundae1888 http://www.thefinancialblogger.com/buying-a-property-with-0-cash-down-is-your-biggest-dream-will-come-down-to-haunt-you-in-your-nightmares/comment-page-1/#comment-2111 sundae1888 Mon, 24 Mar 2008 17:55:22 +0000 http://www.thefinancialblogger.com/buying-a-property-with-0-cash-down-is-your-biggest-dream-will-come-down-to-haunt-you-in-your-nightmares/#comment-2111 My biggest problem with CMHC's response is, the housing market is not GUARANTEED to go up ALL THE TIME. If we were to experience real estate meltdown in the same magnitude as the one in early 90's, using the same example, the person can afford a house that might only cost $150k by the time he/she has saved up the down payment. My biggest problem with CMHC’s response is, the housing market is not GUARANTEED to go up ALL THE TIME. If we were to experience real estate meltdown in the same magnitude as the one in early 90’s, using the same example, the person can afford a house that might only cost $150k by the time he/she has saved up the down payment.

]]> By: Carnival of Personal Finance # 145: Baby Education Edition | Million Dollar Journey http://www.thefinancialblogger.com/buying-a-property-with-0-cash-down-is-your-biggest-dream-will-come-down-to-haunt-you-in-your-nightmares/comment-page-1/#comment-2110 Carnival of Personal Finance # 145: Baby Education Edition | Million Dollar Journey Mon, 24 Mar 2008 13:14:14 +0000 http://www.thefinancialblogger.com/buying-a-property-with-0-cash-down-is-your-biggest-dream-will-come-down-to-haunt-you-in-your-nightmares/#comment-2110 [...] Financial Blogger from The Financial Blogger presents Buying a property with $0 cash down: Is your biggest dream will come down to haunt you in your nigh..., and says, "I used to find completely ridiculous the idea of having 100% financing mortgages. [...] [...] Financial Blogger from The Financial Blogger presents Buying a property with $0 cash down: Is your biggest dream will come down to haunt you in your nigh…, and says, "I used to find completely ridiculous the idea of having 100% financing mortgages. [...]

]]> By: ericabiz http://www.thefinancialblogger.com/buying-a-property-with-0-cash-down-is-your-biggest-dream-will-come-down-to-haunt-you-in-your-nightmares/comment-page-1/#comment-2106 ericabiz Sun, 23 Mar 2008 21:14:57 +0000 http://www.thefinancialblogger.com/buying-a-property-with-0-cash-down-is-your-biggest-dream-will-come-down-to-haunt-you-in-your-nightmares/#comment-2106 Housing price history over the long haul (not just the past 5-10 years) is only about 0.8% on average, not 4-5%. In other words, it doesn't even beat inflation. http://bp1.blogger.com/_fp158_J456I/R7MN1okea9I/AAAAAAAAAAc/MWkgCEalXjk/s1600-h/a_history_of_home_values.png Take a look at the above graph. It shows how the prices ran up compared to historical averages. The graph is based in 2005. We have ALL of that way to come down. Housing prices are starting to decline now and it will likely be many years before they go back up again -- if that graph is any indication. 100% financing in this environment is insane and only encourages homeowners to walk away when the value of their house goes down. Housing price history over the long haul (not just the past 5-10 years) is only about 0.8% on average, not 4-5%. In other words, it doesn’t even beat inflation.

http://bp1.blogger.com/_fp158_J456I/R7MN1okea9I/AAAAAAAAAAc/MWkgCEalXjk/s1600-h/a_history_of_home_values.png

Take a look at the above graph. It shows how the prices ran up compared to historical averages. The graph is based in 2005. We have ALL of that way to come down. Housing prices are starting to decline now and it will likely be many years before they go back up again — if that graph is any indication. 100% financing in this environment is insane and only encourages homeowners to walk away when the value of their house goes down.

]]> By: Improve Your Finances With Common Sense @ The Roundup http://www.thefinancialblogger.com/buying-a-property-with-0-cash-down-is-your-biggest-dream-will-come-down-to-haunt-you-in-your-nightmares/comment-page-1/#comment-2104 Improve Your Finances With Common Sense @ The Roundup Sun, 23 Mar 2008 16:30:51 +0000 http://www.thefinancialblogger.com/buying-a-property-with-0-cash-down-is-your-biggest-dream-will-come-down-to-haunt-you-in-your-nightmares/#comment-2104 [...] Buying A Property With $0 Cash Down @ The Financial Blogger [...] [...] Buying A Property With $0 Cash Down @ The Financial Blogger [...]

]]> By: The Financial Blogger http://www.thefinancialblogger.com/buying-a-property-with-0-cash-down-is-your-biggest-dream-will-come-down-to-haunt-you-in-your-nightmares/comment-page-1/#comment-2098 The Financial Blogger Fri, 21 Mar 2008 17:34:52 +0000 http://www.thefinancialblogger.com/buying-a-property-with-0-cash-down-is-your-biggest-dream-will-come-down-to-haunt-you-in-your-nightmares/#comment-2098 TMW; I guess they rely on the hope that people know how to count.....(I wonder where they could learn since the government is not offering any personal finance class in their high school program...) TMW; I guess they rely on the hope that people know how to count…..(I wonder where they could learn since the government is not offering any personal finance class in their high school program…)

]]> By: thickenmywallet http://www.thefinancialblogger.com/buying-a-property-with-0-cash-down-is-your-biggest-dream-will-come-down-to-haunt-you-in-your-nightmares/comment-page-1/#comment-2097 thickenmywallet Fri, 21 Mar 2008 17:20:58 +0000 http://www.thefinancialblogger.com/buying-a-property-with-0-cash-down-is-your-biggest-dream-will-come-down-to-haunt-you-in-your-nightmares/#comment-2097 I have always found it strange how the government aids and abets people to go into massive debt that some may not be prepared for and then it wonders what it can do to reverse the trend towards lower savings rates. Have they not put two and two together? I have always found it strange how the government aids and abets people to go into massive debt that some may not be prepared for and then it wonders what it can do to reverse the trend towards lower savings rates. Have they not put two and two together?

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