[quote=Oxford]Dude. Thinking is good. Overthinking is not so good. Just buy a house. There are great deals now and rates are low. Or wait until Fall like most of us.
Sure there is plenty to debate regarding renting or purchasing a home. That’s another topic.
You said you really want to purchase a home. Do it. I made a ton of money selling my LCV home purchased in 2000. Great tax write offs. Landscaped how I liked it and not have to deal with a landlord.
I am 56 and plan to buy a home in Escondido-Bonsall-Vista with land and views. Getting a 15-year loan and plan to hammer it down in half that time. Then live in it forever.
It’s all about deciding what you really want and doing it. Keep asking questions and checking your heart for what you and your family want. Write out the pros and cons.
There is no answer that is best for everyone.
Good luck
OX …life coach[/quote]
OX: You hit the nail on the head: “Over analysis leads to paralysis”. Or, as the Army used to put it in their inimitable fashion: “A bad decision is better than no decision”.
Ultimately, your house purchase should simply be the place you want to live and you should enjoy living there. Yes, do your homework by all means, but you can wind up parsing the numbers in an unending search for the “perfect” scenario. Hint: It doesn’t exist.
We bought a 3,350sf custom built on 1.2ac in Fallbrook in 2003 for $425k. My reasoning was that we were paying about $105sf for the house and the balance on the land, and I didn’t see the value falling below that number, even in really bad times. Was I right? I don’t know. I hope I was, but time will tell. The point is, you have to make your best guess and then pull the trigger. I’ll tell you this: I love this place and I love the community. My family is happy and that counts for far more than getting the math right.
