Well said Temeculaguy; you described my situation pretty well.
I’ve lived here for close to 5 years; moved here a couple years after college because I was tired of roommates. The entire time my monthly payments have been cheaper or equal to an equivalent rental. It’s cheap living, which has allowed me to build a down payment war chest.
~3 minute drive to work for me and it’s about ~10 for my wife. Easy access to all the freeways, shopping, grocery stores, etc. The location is incredible IMHO.
I plan on buying a house in the next year or two, and keeping this as a rental. Eventually own in free and clear, or sell it in 15 years or whenever the next bubble hits.
Sure I wish I had bought at today’s prices vs. 2003, but that’s water under the bridge at this point.
If these hit $100k I’d write a check for another tomorrow. And I agree with you, someone would surely say it’d fall even further.
I’ve seen lock boxes disappear and people move in the last few weeks. So I guess they are starting to sell again or are being rented out… will have to check RedFin.
Be curious to see what happens once the lawsuit is over with.
