:ho: Golfnut your logic makes sense to me! With interest rates at an all time low, if you are thinking to buy there couldn't be a better time than now. If you have the cash, you might still want to get a loan and invest your cash where you can top the interest rate and pocket the difference. Prices are trending higher too-----also here in TV.

I think the interest rates will remain low for the foreseeable future, the issue maybe TV creeping up the prices????

Interesting
 

If I could make more money than the bank charges me for mortgage interest would not the bank be doing the right thing by its stockholders to invest where they could get more money than they would get from me in mortgage interest?
http://t2.gstatic.com/images?q=tbn:A...wT_CL94MErfrXh

we are one of the new, we grabbed a new one in bridgeport mission hills.......... Before build out. Ohhhhhhhh so nice and close to lsl and everything.

bank
 

...

5 of the preowned we were to look at next week sold

It's been done before. We're in a Cottage neighborhood in Tamarind Grove. The Hammock next to us was a spec house with a pool. It sold in March 2011. We were very surprised that TV would build a spec house and include a pool.

I think it's a wonderful idea - some people would rather have those upgrades in their mortgage payment than take the cash out of their pocket. Wish we could have found a home with all the upgrades we paid cash for.

no they shouldn't
 

The reason I could make more money than the bank is I'm willing to take more risk than the bank is will to take by investing in the stock market. The bank is lending against a property. Now in the past few years that caused the financial crisis; banks and mortgage companies were greedy and just stupid.

I don't think the usual notion of a "spec" house applies here in TV.
They have been at it for many, MANY years...they know no matter what they build it will sell ....and they certainly know what sells.....they have the luxury of keeping their crews gainfully employed with little/no risk.....during the hey days of 2005/2006 TV was building both designers and premiers with no buyers in site....most of the premiers had pools.....oh yes there was a waiting list back then....when your name was on the list and something matched what you were looking for they called you and said we need your decision by Monday morning.

Yes TV may be seeing a "slowdown" although the numbers including resales indicate the contrary. Every developer in the country would love to have a "slow" season like TV!!!!!

In my opinion the closer they get to build out....whenever that winds up to be.....there will be more grouping of building homes then releasing completed homes for sale. Much easier to control costs and still have a product there will not be enough of to go around.

btk

Lbmb, Another congratulations to you! What village did you buy a home in? :wave:

The bank also cannot deduct the interest paid from their income, you can. You need to add that tax savings to the income from investing the money the bank loaned to you.

I saw interest rates at 2.5% for a 15 year loan. At these rates, I would think twice about paying cash for a home.