Pretty accurate, BG. #2 choice, I don’t think I will. I’d rahter rent and have a better commute and/or school districts. Or buy a larger townhome; I’ve had a 1600 sf one, I rent a 1700 sf one and it’d work fine; yard would be nice, but I had one before and never got the time to enjoy it, though I landscaped it very nicely and it was a bit of work. I also think the prices for nicer properties in good school districts are still nuts, and then there’s pleny of demand on a relatively low inventory.
SD R, I don’t think I am really looking to buy for a long time. I am just poking around for 3 years now, not really wanting to move again. I bought in 2004, sold our townhome in 2007, and renting since then in UTC – with a wonderfully short commute. Yes, I am waiting for prices to fall. I got burned once, just got out in the nick of time. Much more cautious 2nd time around. Moving is a big pain and expense and waste of time.
Right now the incetive to buy is to not pay $2300 rent down the drain when we can pay a mortgage and maybe gain equity.
I have also a kid that’s entering kindergarten next Fall, which makes us consider moving in spring in an area where we’d be likely to buy – we kind of narrowed it down to PQ, CMR, and SR…It could be another rental, or we maybe get lucky and buy something. I am still considering continuing to rent where we are and let the kid go the Doyle Elementary in SDUSD, it’s an 8, but so what.
