[quote=walterwhite]it’s just, dang, I’ll be paying a million bucks with interest into my 70s for this place. as long as the govt promises not to let the deflationary spiral of my nightmares take this thing down to nothingness, where it all should be, really, I won’t cry inside…[/quote]
scaredy, I don’t want to feed your fears. But you have said in the past that you believe any property you will buy in Temecula (the area you’ve been looking to purchase) will fall in value substantially after you purchase it and this is the fear that is currently hamstringing you.
I just really feel that if you would change your location of interest to one that holds its value better, you would feel more comfortable about purchasing a home to live in and not tend to get cold feet. IMO, $400K to $500K is A LOT to pay in TV for a SFR property. You sound like you DON’T CARE if the property you purchase is large or particularly modern (read: mcmansion), as long as you can be assured that its value will not fall substantially after purchase.
Are there ANY cities, towns or areas you could shop in that would work with your job locations that might hold their value better, other than the ones you’ve been shopping in?
I don’t think you have any psychological aversion to purchasing RE. Based upon the aggregate of your posts, I just feel you are VERY nervous about paying too much for a property which might be subject to losing a lot of value fairly quickly after purchase.
I like UR’s idea of paying for consultation from a longtime NEIGHBORHOOD agent from your selected market area(s) before making any more offers. Perhaps your spouse can accompany you to a showing with your consultant or read your e-mail consultations. Then she would understand what your concerns are. In your case, this advice would be worth its weight in gold :=)
