sdcellar, I know you can’t get 6% at 100% financing, but I’m just picking a rough estimate. +/- 1% will change the number about $100-200/month. My point is it’s getting close and deals are finally popping up. Up until now, those same houses were selling for above 500k. That’s all I’m trying to say. Next year, I’m sure you’ll be seeing a lot more in the same situation, which mean we’ll have more choices.
NSR, I understand what you’re saying. I know that there’s still a way to go before we hit true affordability. However, if you must buy now for what ever reasons, you can keep an eye out for deals like the one I mentioned. I actually put in an offer @ $375k, which is $25k less than $400k, which is their low end. But 2 other buyers right now think it’s worth $440-450k. I those 2 buyers are not there and seller is desperate, it might be possible to get it under $400k which is very favorable, # wise.
