[quote=bearishgurl]You’re welcome, Scarlett. Interest-rate levels, price levels and a “comfortable” amount of available cash for a downpayment and reserves rarely, if ever, happen all at the same time in a person’s lifetime.
(…)
After you conduct a plat-map study in one of these older micro-areas of your choice against a newer tract micro-area of interest, I think you will find the older areas to be far less prone to dipping in value in the future (below what you paid) and their locations infinitely more convenient for your purposes.[/quote]
As I said, I am keeping my eyes open and have auto alerts for those older areas too. I’d rather not count on a seller ability to help me – I doubt they would go beyond 10-15K credit in most cases. Just me. If that happens, then great.
It’s just that in 2-3 years certain current fixed expenses will go away and we’d able to save more and/or afford larger payments. After that point in time, I wouldn’t be worried at all about where the prices go (unless there is another bubble, LOL) or what the rates would be. It’s a comfort level. Besides, it is still significantly cheaper for me to rent where I do and extremely convenient to boot, really no rush to buy now.
