Larry the Renter is way off base…how can you claim buy premium but no rent premium. Give me a break.
Call me a Pigg or whatever you want, the bottom line is that I could buy into CV or Carlsbad or Encinitas if I wanted to. However, I am financially smart/conservative enough to know better. It is an absolute no-brainer that those areas will fall 10-30% over the next 2-3 years based on fundamentals…pick your metric.
I have worked too hard to let my downpayment get washed away by my eagerness to buy now.