I lean towards the buy now if you can afford the payments and plan to just settle in San Diego…
I agree from looking at all these posts that these never buyers just have their lives go by and end up not doing anything. You will be “stuck” thinking it’s too high and a crash is coming, but honestly, no one really knows, but you DO know having a set place is a pretty nice feeling.
In the grand scheme of things, the property may go up or down, but ultimately, if the payments work out pretty comparably (for a similar place), I also think it’s not that bad to buy and maybe cheaper even with the tax breaks and you’re decent incomed.
One thing I’ve noticed after buying is the time “wasted” just looking every weekend and it’s a load off to have a place you know will have the same monthly payment month after month.
We know of someone who rents a home for 4k+ and had to leave/move in like 1 month since the owner came back and wanted to move back. Talk about major stress for the kids/schools/marriage.
If you had kids/more stuff in general, moving will be a major pain and a huge stress point. I know I’d hate to do that myself.
The good thing is you have time so you can shop and see what’s out there, but with 1-2 months supply tops now in most areas, pickings are slim to nothing so either you pay a ton or will never buy a house if it’s priced well or located well.
You mentioned SR and prices are pretty high there, unless you wanted an older or smaller place…but that’s pretty much how things are now so if you really find a place you love and can afford (which is very hard IMO), I think buying is good.
Not to mention the recent posts about lack of any new housing, builders simply can’t build or WON’T build anything less than 600k+ SFH.
That and the posts about demographics (others in your age group) also looking for housing and you have a major supply/demand imbalance…
I read some new CV places being released for 1 mil and 1.5 mil?
