[quote=patientrenter]I ain’t buying until prices for decent places in decent areas that I’d be happy to live in get closer to 1996 prices plus wage inflation. Right now these prices are still double to triple the adjusted 1996 level.[/quote]
Depends on the Area I think, in T.V. (which is a good enough area for me anyways) I think they are way below 1996 plus wage inflation (minimum wage does not count, there have never been a lot of minimum wage earners buying homes — 2003-6 being the exception).
And I still say although the area may not be at the absolute bottom, it’s close enough that it won’t matter in ten years (except bragging rights).
Sure if Carlsbad starts selling 3000+sqf homes for 400K, I will turn my T.V. home into a rental and move but I feel I am covered (happy with my T.V. home) if it does not get that low.
It takes all of about 45-50 minutes to get to the beach I like (in OC) on the few hot day’s I want to be outside and I have never had an electric bill over $125 dollars and I am not stingy with the AC during the summer.
