Neighbors in our rental complex just bought a place in San Marcos for about $760K. My wife mentioned to them that they might want to wait a while (which is a big step for her, since she too longs for one). But, they had new home (or used home) fever and they bought.
On one hand the husband is pretty successful in the medical field. So, if his likely high-paying job is steady, then they’ll probably be able to make the payments.
Its just that 5 years from now, if they decide they want to move to different part of town, they could be stuck in an overpriced home that isn’t worth what’s owed on it. Claustraphobic. (sp?)
