Comments | drewski_brewski: Not So Bad - Unless you want to buy one

drewski_brewski

Not So Bad - Unless you want to buy one

Feb 13, 2009 09:22

Price of Wichita homes up

BY DAN VOORHIS
The Wichita Eagle

Home prices

Wichita had the eighth-best median home price appreciation between the fourth quarters of 2007 and 2008.

TOP 10

City% change1. Beaumont, Texas16.72. Bloomington, Ill.9.63. Dover, Del.6.54. Bismarck, N.D.6.05. Decatur, Ill.5.96. El Paso, Texas5.37. Jackson, Miss.4.78. Wichita3.99. ( Read more... )

Comments 2

Upon further reflection drewski_brewski February 13 2009, 17:03:07 UTC

Even then, I suppose it it better to buy into a neutral market than to buy a property of consistently declining value.

Re: Upon further reflection drewski_brewski February 13 2009, 17:11:12 UTC

In my opinion, a house is not all that great of an investment, anyway, based on the period of maturity vs the high front-end cost. It is a lot more important to me to alleviate the 100% loss of renting, and gain the intangible benefits of being allowed to be loud [music, TV, Hammond, tools, singing, etc], and having workspace for projects [garage, workshop, electronics bench, backyard, driveway, basement, kitchen table, etc... =P].

even the worst-case scenarios of home value come out ahead of renting. (assuming you don't over-extend yourself)

I want something that wreaks of value.