[quote=temeculaguy]I just like the general theme of the latest buyers’ overall plan. None of them are calculating an increase in value into their plan. Things like “the same as my rent,” “able to afford on one income if neccesary” and “a year of reserves” are catch phrases that warm the heart. None of them say “real estate will go up in value” or “I’ll just refi later when it adjusts.”
It’s also nice to see affordability for my brothers and sisters in S.D., six months ago, my hood was the only place it was happening, at the time I postulated that this trend would move into the other areas and markets and we all know how much I enjoy being right.[/quote]
TG, I bought 6 months ago too. Although my PITI vs rent is not as good as yours, my PITI was/is still cheaper than rent. Although my place is not in NCC, it’s near it.
