I must say I’m shocked at all the recent purchases from members of this site, OCRenter, etc. And now another is thinking about pulling the trigger.
It seems like not long ago I was wondering when the general attitude on this forum would start to shift towards pro-buy.
About the ONLY “plus” I see at the moment to pulling the trigger are lower rates. Everything I see and read points to prices going down significantly, the only question is how quickly. Even Forbes is predicting a ~20% decline in San Diego this year.
If you wanted to live in SEH, I would agree it’s probably seen the majority of it’s punishment. But I don’t get the impression that is where you really want to live.
Wage inflation? Anytime in the immediate future? I don’t see it.
I’ve got major wife pressure, and I was thinking to myself Q4 of this year would be the earliest I would even consider it. I think that will probably be early as well for the price range, but will remove hopefully another 10-20% of price decline risk.