Navydoc I had presupposed west LA because of a conversation we had awhile back about hitting the boardwalk in Venice and being able to get to LAX via “the back way” taking Lincoln up the hill, through Westechester, etc… Looks like some choices for you when you relocate as you have a few interesting opportunities.
Breeze – Well worded. If it is a purely economic choice then there really is no reason to even CONSIDER buying for at least a few years out. That said from a pure economic standpoint those that wait the longest stand to do the best from a purely dollars and cents point of view. Couldn’t agree more.
Raptor and XBox, I know I have gone over this ad nauseum but my wife is not pining for upgrades or anything like that. Her motivation is mostly due to not having to answer to a landlord and to be able to do our own thing no matter what or where we live. Also to find a place where we KNOW we will not have to relocate ever again. We will not worry about the landlord wanting to sell, we will not worry about it if the kids bust out the crayons and draw all over the fireplace mantle. We will be able to not worry about patching the walls when hanging pictures… When my dog chews apart the sprinklers I will still be stressed but maybe not as stressed… It is more about alot of little thinks and such stability. In the end when they are written here on the post they all seem pretty miniscule but to my wife they are not. Moving 3 times in 3 years has been a bitch.
XBOX you kind of see what I mean about the situation? We are in a nice place with a huge yard and lots of space. For what I need as a guy with kids and pets and grandma it does work out well. At 2500 a month it is a decent rent rate for Scripps, 2500 sf on a 10k lot, 4/3. However as nice at it is there are no warrants that this landlord may want to up and sell like my last one did… and bless the last ones heart he tried to sell but was to greedy so he now is renting the place out again.
I do see your point though as I think that IS indeed a solution for some… not me but for some…the aspects of home ownership my wife wants are (how shall I say it) the less tangible and materialistic ones verses wanting the more secure/stability aspects of owning. I am not ready to pay the premium for those aspects just yet however I will not put her through waiting for the bottom to purchase them.
