[quote=lepetitangel]Yah.
I guess one reason we started looking is just because I was worried that market is not gonna go down too much more. A lot of people on the forum seem to think market will be down/flat in the next 0~5-years. Do you agree?
Yah…I wanted 1800+ sqft cuz if we do have kids, my in-laws may move in and help for a bit. In that case, having both me and hubby, in-laws and baby, I think we def. need 3+ rooms. It’ll be nice to have large living area as well. That’s the reason why we want to buy. But then again, we can wait for another 2+ years.
It’s just so hard to time the bottom of things…when is the housing gonna hit bottom?
Seems like the current bottom is about March 2009 (same as stock market). But I don’t know if we will revisit the buttom. What you think?[/quote]
I agree that if you have parents living in with you, you need 3+ bdr and at least 1800 sf. Rather than stretching yourself thin now and compromising too much on the house, why don’t you wait and save for that time.
I also think that the market will not go up anytime soon, therefore flat or slightly down for the next few years. I believe in the double dip and I think we’ll see the spring 2009 prices again, and lower, as many on this forum do. But nobody has a crystal bar and very few anticipated how much the government intervened to prop the price up (or to slow their decline). But YOU need to think about all scenarios and see what’s the downside of waiting for YOU. What is the amount of risk and wait you can tolerate.
It doesn’t matter what I think. One cannot time the bottom. Better buy in a more solid normal market, in a better economy, on the way up. I don’t know when that would be, but sure as hell is not now.
From what I get from you – it’s the commute now, and kids+inlaws, later. Well, if the commute is that bad, then rent in CV something small and SAVE. I can’t tell if you should sell, or rent your place out. Then when kids come, buy a larger house. Rates will stay low for a while. So will prices, if they don’t go even lower. What if you buy now and all hell breaks loose and houses dip another 50% in a couple years? Will you still be ok with the house you bought? If you have to move, what do you do then – take a bath, or rent it out for less than P&I – are you ok with that?
