I think we all have been spoiled by double digit increases. A house is a place to keep your stuff and make your wife and kids happy! When the market returns to normalcy, I would be happy to buy something after the steam gets let out, and would be happy if the house goes up with inflation.
Rustico – I think that you have your priorities really straight. My kids went from Long Island to NYC to Carmel Valley to Olivenhain to La Jolla and my oldest is only 13.
(we also had 2 intermediate moves for 3-5 months at a time while we rebuilt the houses we bought.
I think that we have been somewhat gypsies but it’s been fun! Only problem is that I think it has affected the kids somewhat. They have a great life but I’m not sure they are getting the consistency I had growing up. There were even rumors that I was in the witness protection program (unfounded – but don’t tell anyone about me – we don’t like to talk about the program.
Anyway – We are renting a new place in LJ tomorrow (signing the lease), hopefully for 2 years. After that, who knows? Maybe we will buy a place. It’s hard to find a great rental – but I think even if I have to pay through the nose it’s still a better deal than buying in this market.
