JWM. I first joined this blog because of all the good information about the markets in which I am looking. I started reading and posting when I saw it was comprised primarily of folks who do not think I should buy, period.
That is good for me as you will all give me a perspective to balance my “buyer” mentality. I see this as a good market to buy for me. I don’t have to buy at the bare bottom. We have made a choice to move and buy with about a 2 yr window. I read Patrick Kilea’s stuff, but still prefer to own a home. My wife does not care about theories. I don’t do it as an investment or anything (not my primary residence anyway). Like with my cars, I intend to pay down my mortgage to 1/3 of my purchase price. This time, I am looking for a house to live in until I retire. The last time, I bought a 5 yr “transition” home and it has been 7 years. I know that the SD market is at least a 10 yr hold market and hope to hold much much longer than that.
I now appreciate the logical agruments against my plan and view, but I am proceeding anyway, as informed, careful, and prepared as I can. Folks on this board have helped me be more informed and for that I am grateful.
