I’m beginning to think your are driving your wife nuts.;) I need to slap you around a little, all with good intentions. 🙂
No problem wanting to get a deal. We all want to buy a stock at the bottom, best price for a car, it goes on forever. But you have a family. They come first. Screw the bike to work constraint and get yourself in a home where the wife and kids are happy and can create great memories. The kids don’t know or care if their house is rented they want to have friends over to play and be close to them. Plus your wife is not demanding you spring for an oceanfront or 40 acres. Just a modest home in Temecula! She is a keeper!
Suppose you got this house and you had a pile of $$ it will take a couple of years of construction which already mentioned is a real strain on a household. And on the workmen as well if you live in it. Pay as you go will just take longer.
I’m with the gang who believes that area has further to fall so keep your eyes open and bank cash. Then when a nice property comes along you can jump on it. With cash.
C-mon both of you have completed professional school and should reward yourselves ( wife ) with a home rather than an investment property.
