Relatives bought, are they ninny lemmings?

If your relatives are glad they purchased their place then they are wise to have done so.

Whatever disgust you harbor for "our politicians in Washington," I can assure you it is precedented.

is this even english?

"Gave up renting" - like renting is some sort of nirvana? I say this as a renter, mind you.

Crack,
WTF? put the pipe down and slowly back away from the key board.

"If your relatives are glad they purchased their place then they are wise to have done so. "

Why would being unaware of the possiblility of a mistake make one wise?

They are in good lemming company. Amazed at how many lemmings who can ill afford to lose money can continue to borrow to do so at a quicker more leveraged 100% guaranteed way in the last 3 years. And this was after all the data pointing to $500psf was foreseen by the seer.

Did I just referenc myself in the third person? Time to open a commune.

clack,
look at the price history of the unit & the bld, then you can rate them on the lemming scale.

But, note: the lemming scale is copyrighted & trademarked by the seer, so you may have to make an offering to the commune.

Hey, I own. We lemmings should band together.

band o' lemmings?

Ok so really an issue of the purchase price rather than the economy and other circumstances.

I'd join that band o' merry lemmings.

but would you stretch? that's my issue here.

clack, it's purchase price, and any need for liquidity.

What are you aboutready to do?

@somewhereelse:

>>"If your relatives are glad they purchased their place then they are wise to have done so. >"

>Why would being unaware of the possiblility of a mistake make one wise?

In this case, because they are wise to know what makes them happy and to have acted on it.

"ignorance is bliss?"

Depends on one's circumstances. Sounds like OP's relatives made a choice to stretch financially with wife staying home; if wife is planning to go back to work in a couple of years, purchasing based on one income might be a temporary stretch and a long-term fiscally prudent move. OP doesn't give enough info to evaluate and the only reason he/she seems to think it's a bad idea is the stretching/government angle. Unless Crack's a lot deeper into his/hers relative's finances than usual, it seems quite plausible that OP's just being a crank.

swelse "Why would being unaware of the possiblility of a mistake make one wise?"
evnyc ""Gave up renting" - like renting is some sort of nirvana? I say this as a renter, mind you."

lol thought the same thing! lemming? in terms of timing it seems too soon to me, but not everybody cares about buying at the bottom.

To come back to this, seems that everything has worked out

Clack, glad to hear it.

some of my family members bought during the bubble (peak, each year 2005-6-7). early 2005 i've told them that prices were coming down, they laughed as if i were saying that Martians are about to invade.

well... they aren't happy with their money pits financially, but like their homes sentimentally and are enjoying them. one of them also put a ton in a totally unnecessary remodeling, that one is the most pissed off with the "state of the econ that brings home prices down". imho it happened the other way around though, the housing/credit bubble brought the econ down.