Actually, we’re very concerned about buying in this market. We’re newly married and this would be a first home for both of us so we realize we may be a little bit eager. We also have a dilemma in the mix of having to move to the area we’re looking in quite soon for school district purposes. So we’ve been weighing the pros and cons of buying or renting. Most people renting their homes understandably want a 1 year commitment though. We don’t like the idea of putting a home purchase on hold for that long though since the market is quite unpredictable right now. Greenspan says the worst is over, other economists say its just begining!! We’re planning on spending 600k-620k, we’re only submitting offers on homes that are below their comps for quick for a quick sell. Any opinions out ther on how bad buying now in this price range may affect us long term? If we’re buying 25k-35k below comps. how in the red do you think we’ll really end up being by this time next year??
