My friend, I have no desire to live in 4S ranch as my parents live there and I don’t believe it will carry the charm it has now in about 10 years. My interest is purely inquisitive and scientific. I have been very curious about this area specifically since I watched each development go up. I’ve watched people sell houses for 250% over what they were 7 years ago. You don’t need a crystal ball to make predictions off of that.
If you think that that kind of short term gain is based on sound fundamentals then by all means go for it. Just please keep us updated yearly as my scientific mind is very interested in case studies. 7-10 years is not the most sound advice based on the unequaled growth the market has seen. You should bank on being stuck in the house for 10-15 based on historicals from like market boom/busts cycles in Japan and such.
I personally am looking to buy in the coastal area close to where I work and the wherewithall is not an issue. It’s a matter of getting the most for my money and not losing my hard-earned equity investment. That is called smart money investing.
As for your argument about having no data or facts to back up such arguments I don’t think you are a regular to this site. The data has been laid out and it does not point to a bottom. Predicting the bottom of any market has proven to be an near-impossible feat for even the best analysts. If I were you I would not be making such predictions based on inventory tracking. As we have seen in the past 2 years those levels can increase very rapidly and lacking the liquidity of other markets those stats can hit you in the bum very quickly. If you choose to buy then best of luck and enjoy your house to its fullest but for the benefit of the rest of us please keep us updated on the outcome of your case-study. We are all very interested.
