23109VC….
I don’t want to offend you or put you off, but I laugh every time I read your posts….
you must have mentioned the so called “potential” purchase of your rental Harveston home.. at least a dozen times if not more on piggington.com.. a thread here and there.. you are looking for advice, running numbers, asking for our blessing to buy a home… talking yourself in and out of it… taking a stand to rent, then a week later, trying to justify the purchase… I laugh to myself, in a nice way, you are a funny guy.
I just want to say I have never met someone so obsessive compulsive to either buy or continue renting a home… you are determined to confuse yourself about the issue, to the point of creating multiple personalities(or maybe you already had two?), and it seems like even today, you are still unsure about what to do, and you are chomping at the bit to purchase a home…. that is until you ask the regulars at piggington, in which case, we usually tell you that the market is most likely not even close to its full correction, and that home prices are likely to fall quite a bit further, especially in the highly risky Temecula Valley. Then, you usually agree with us, and decide to stay put and rent, and then we all sigh a bit of relief and go, whewww, glad thats over… for a week, then you post the same question over again?
Are you friends with someone in RE in Tem, who keeps on telling you that you are a fool for not buying that house? The local agents are CLUELESS as to A. what cuased this huge bubble, B. why the party is over, and C. how low things can really go. They are absolutely BLIND to logical economic theory, and historical events that are repeating themselves.
If you were to buy, this would be fine, as the ultimate decision is up to you, but for your own sake(and probably your wife’s too), take a side, one way or another. I think you should know what our “take” is by now, so no, you don’t even have to ask. Bottom line is if you have to ask again, you A. aren’t getting the content on this site, B. the answer is NO, or C. you are your own worst enemy and nothing we say matters anyways.
In any case, I wish you good luck and fortune, and take what I said a bit jokingly, but seriously, stop asking if you should buy now!