I’m sorry if you’re relocating from the big apple to of all places San Diego. But relevant to the first question you need to ask yourself….How likely will you and your wife remain in san diego and not another big city…Seems to me you have to deal with the bigger culture shock of that first…The good weather and the beaches only last for a couple of months.Are you really sure you’re going to stay in S.D. when the economy turns around?
The second question you need to ask yourself is how wealthy are you? If the answer is “insanely”, who cares what others think or whether RE corrects an additional 20-30%. I don’t see how folks use seeing $2million on a two bedroom place in in Manhattan need to even blink on a $1.3-5 million place in LJ…even IF you see things correct another 20-30%. You’re in a different league from a good portion of other buyers….There was one person that use to post around here called “raptorduck”. He was a high end buyer and made a purchase decision a few months back, and went through a few decision points… probably what you’re going through. You could search for his threads title “Tales of a RSF buyer” (Raptorduck, wish you were still here)….
(Psss just don’t tell people on this board you use to work for AIG, Goldman, JPM, or any bank especially if you received TARP….unless you want to get a lecture on why you’re money is really their money :))
