[quote=jstoesz][quote=desmond]No hard feelings AN, I think it is great to able to own a home that your family can grow up in, I did it with my family. But unlike the words of Rich “Buying at the exact bottom or selling at the exact top shouldn’t even be the goal. If you achieved either of these two, it’s because you got lucky” I sold at the very peak in my area code, 91354, and will buy where I want to buy at the bottom, …….. and it won’t be luck.[/quote]
Desmond, although your confidence is endearing, don’t you think that we may not see prices climb in decades? Isn’t that what has happened in japan?
I am not convinced there will be a any good option going forward for s. california. Like someone previously said…
Markets can remain irrational longer than you can remain solvent. So then are you willing to lose gobs of money to own. I may be willing one day, but I feel like this will be a painful and nuanced decision. [/quote]
As I said, “where I want to buy”, that won’t be in SoCal, not worth the money for me. I plan on living in a few small places during the year, Texas/ Fall-Winter, Taos/Winter-Summer, Luecadia (whenenver we kick the renter out). I would rather live in a small efficient place with little or no yard maintenance. But those places above are already payed for, so is the land in Texas, so don’t listen to me on buying homes.
