[quote=Scarlett]
I have young kids, I can’t keep renting and moving forever. I want a relatively nice, stable home for my family.[/quote]
My rationale as well. I’m up in the foothills of LA, and am pretty sure the “bottom” won’t happen for another couple of years. But, with the gov’t intervention, etc, etc,… it’s become quite hard to predict where things will go. We live in a town that is 3-miles square, and there are about 5 houses a year that come on the market that we would ever consider and the rental market is almost non-existent. Five years since we sold our house, it is time to stop wondering what school the kids will stay in, which little league, whether the landlord will let us get another dog.
Sometimes it’s not all about the money. We just pulled the trigger on one. We’ll see how far down it goes before heading northward again…
It’s only money, and ten years from now the money is likely to be worth much less–the house? we’ll see.
