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House Hunting Response

In response to EdWonk's remarks:

1. No one has enough cash to not worry about mortgage rates, points or fees. It's worrying about those kinds of things that get a person enough cash to actually do that. Those that say they aren't worried don't actually have that kind of cash. They're financing every last penny.

2. Every house I've considered is in a "good neighborhood." It's one of the reasons I live and teach where I do - rural does have it's good points. Also, it is always good real estate investment to buy the crapiest/cheapest house in a "good neighborhood." There's no point to looking in a bad neighborhood. Unfortunately, this is a hard thing to get across to a real estate agent.

3. Every new house I've ever had contact with had numerous problems. It is true when it's said that "they don't make them like they used to." Quality of workmanship and materials just aren't the same and aren't made to last more than 20 years. We are a disposable society, and that includes houses we build.

4. The other reason I don't like new houses is due to the design. Huge garage, tiny front door hidden in some dark space - how could you ever meet the neighbors? Most of the time no one can even find the front door! Then there's the huge rooms that waste space and expectation that occupants will eat/live in front of the television. (or need a separate room for any other activity) There almost no interesting bits or "character" for fear of driving potential buyers away... boring and build for social exclusivity, no thanks. Caldwell Banker can keep it.

This is partially why it's not fun for me to house shop. 95% of what is on the market is an instant turn off. Maybe other people do enjoy it.

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