TG – You did good. If I were looking in Temecula, I would’ve bought too. Temecula has had a major drop from peak and incredible deals. If it makes sense, you’re not looking to flip, plan on being around for a little while, then go for it.
I have not seen anything that fit my criteria that makes sense in the areas I’m looking. I’ve seen plenty of investment properties that make sense, but I have enough of that. Looking for something for me and so rent until I can take out my checkbook.
I don’t feel the pressure to buy either. Some say we’re at bottom. I really believe it is area specific. If we’re at bottom at the coast, then I’ll have to wait until all my other properties go way up again, sell them and then buy. The coast still does not make sense, but maybe it never will and so I’ll just rent forever. I’m ok w/that, too.
I managed to not get pressured buying during the bubble and I’m not about to get pressured into buying b/c people say we’re at bottom. If we are at bottom, we could be flatlining here for a little while.
