Though I (and my dad) warned my sister not to buy in San Diego and hold off for one or two more years, she and her husband pulled the trigger in ’06. Yeah, her house has lost 10%, but they plan on being in for the long haul and the two of them make over $200k.
It offends my sensibilities to go into a bad investment, but her rationale was that her husband was itching to buy a home after living for 8 years in a tiny rental in NYC and if sometimes you lose a bit of money to placate the family that’s fine.
A marriage isn’t about a monetary bottom line, so give raptor a break.
