[quote=chrisp]WOW. Way to assume away you nasty peeps.

I thought this would be a way friendlier place to solicit advice from professionals. Not this much of a shit show.

I am NEW real estate attorney. I’d like to think that makes me moderately savy. We want to buy sooner rather than later, and I just started a new position. Also, am a San Diego native.

With all due respect, maybe you should hold your tongue next time. Esh.

Maybe I did a poor job of laying out the facts, but you two sure took the ball and ran with it.[/quote]

I made no assumptions about you. My response was based on observations of what I see going on around me. You’re not the first and I’m won’t be the last to throw around numbers that seems astronomically insane to me.

CA Renter nailed it. A wealth of knowledge has been placed before you. It’s up to you to accept or reject it.

You may also want to consider visiting some other Econ based blogs to get a better idea of what’s going on in the world. Mish, Calculated Risk, Dr. Housing Bubble, and Patrick.net are all great resources.

One of your posts above conveyed the idea that things couldn’t get much worse. That may turnout to be wishful thinking. We are in uncharted waters. Nobody really knows what the future holds but, with some research and analysis you can narrow down the outcomes a bit.

Also, being a realestate attorney in itself doesn’t make you savy on the issue. There are countless stories of realtors, mortgagae brokers, loan processors, etc. that bought into the idea that realestate is the road to riches.

When I wished you good luck on your purchase, I was sincere. Whatever your decision, let it be an informed one.