[quote=Doooh]Garden rd is approaching $300K, but now were pack to page 1 and the reason I made this thread.
Is $300k worth staying here. Its real easy to get caught up in the financing an buying and the excitement of owning a new home, but it’s become even more obvious that no body is questioning if they should go through with a purchase.
The thinking tends to go from, oh wow, I can actually swing this and straight into a purchase. I have the ability and maybe this is why I’m standing back and questioning “is it really the right thing to to?”. It may be a product of it actually being my $ instead of the banks? . . . [/quote]
Doooh, if I am reading this post right, are you saying that you only want to buy a property in SD County if you can pay all cash? You are young yet and need to save for your retirement. What is keeping you from putting the standard 20 or 30% down and taking out a conventional loan for the rest? There’s nothing wrong with this, Doooh.
Are you limiting yourself to only properties you feel you can comfortably afford to pay all-cash for?? Or perhaps might some of the properties you have been looking at be ineligible for conventional bank financing? What do you expect to find in this price range in the City of Poway?? IMO, probably the same types of properties you can find in Bonita in this price range – heavy fixers. Is it WORTH purchasing one of these for =<.50 on the dollar?? It depends on the type of house you want, the level of your rehabbing skills, it's lot size and location. Only you can answer that question.
