I think I know what I want…but I just don’t want to pay the price right now for it.
I’m waiting to see more homes coming out in Fall/Winter and see if market holds up.
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I’m not going to try to talk you out of it. But I think you really don’t have much to lose if you wait.
Let’s play worst case scenario. Let’s say for some reason miracle reason, home prices go up, and you “miss out in CV” I know, I know. they won’t..But let’s say they do. Well, chances are, if that’s the case your current residence would recover somewhat too. Also, the economy would probably be in better shape. So financially going into homes, you probably would be alright.
I really don’t think you should have to “sette” for something less than optimum.
In reality, your changes one of you losing a job and not being able to afford your new place (let alone your old), is greater than “missing out” and watching things appreciate significantly in CV. Again, you’re not buying in Temecula, Mira Mesa, etc which have already seen steep drops. CV, unfortunately while isn’t exactly bubbly, isn’t exactly a slouch right now either.
So to some extent, I don’t think you have anything to loose than to wait for something you want.
[quote]In CV, it seems like there’re very few properties around 600~650K. You get a bunch under $550~$600 and a bunch over $700. But just not too much within my desired range.[/quote]
Funny you should say this. Because when I was looking in 2004, the saying was “there isn’t too much within the $800k range. There’s a lot of stuff under $700k(attached and starter homes) and there’s a lot of things over $900k….But not much inventory in the $800kish range.
So….What this means is the popular homes in CV have fallen $100k at least…See, prices are already lower afterall 🙂
