[quote=sdsurfer]
As far as the condo…I really hate to disagree with Rich since he’s probably waay smarter than me
[/quote]
I wouldn’t be too sure about that…
[quote=sdsurfer]
but I’d probably keep that too as an investment if it’s in coastal SD as long as it’s breaking even. [/quote]
Just to be clear, I don’t really have an opinion on the condo. I just didn’t understand why the OP wanted to keep the condo in addition to a new house, given that her concerns about SD housing valuations were serious enough that she posted this in the first place. I just meant it as something to think about.
Similarly, OP, I realize that the article I pointed you to didn’t have any clear answers. It’s all meant to just be food for thought as everyone’s situation is different.
Take this with a grain of salt, as I don’t know much about your situation, but I think it makes sense to buy a forever home right now. Rates are so low that the monthly payment is very reasonable despite high prices. What I think makes less sense is to get in a situation where you depend on appreciation, or would be in trouble if the price went down. But in a forever home, that’s not the situation.
At the same time, it’s not like it’s crazy to rent, by any stretch. Either can make sense depending on the situation. So, take your time and look for places, and if you find something you love, go for it… but if not, keep looking and taking your time. That would be my generic thinking, again, without knowing the nuts and bolts of your situation.
