Are other fence sitters experiencing the same feeling?

[eagleeye]

I agree La Jolla Renter. A couple of months ago we put an offer in on a property in our dream location. The gready sellers turned us down. We were disappointed since we thought we had made them a fair offer but we were $200K apart. Well, they’re back, now willing to accept $100K below our previous offer. The problem is we no longer feel comfortable at even $100K below that. We’re walking away. We’re going to stay on the sidelines and continue to resist temptation. I tried to get the numbers to pencil out since we were really excited about the location. It wasn’t even close. The price would need to drop another $500K from what the seller is willing to accept today. Unlikely yes, but not out of the realm of possibility. The property has already been reduced by $500K in less than 4 months. Though we couldn’t see it at the time since we were so emotional about the property, we now realize that the sellers did us a huge favor by declining our offer. I bet they’re kicking themselves now.

[Ex-SD]

eagleeye……………………It was good to read that some people are not letting their emotions get in the way of rational, logical decisions made from all of the available information re. the housing market. It sounds like you have really seen “the light” and realize that prices are going to drop a lot more over the next couple of years, especially in the higher-end areas.

I’m not knocking anybody who believes that they MUST buy right now to satisfy whatever reasons they may have…………………….it’s their money to spend…………….Personally, I simply can’t relate to throwing away hard-earned money for over-priced property and the higher taxes that come with paying way over true market value for a home.

As they say “down south”,,,,,,,,,,,,,,,,Good on you!

[Ex-SD]

eagleeye……………………It was good to read that some people are not letting their emotions get in the way of rational, logical decisions made from all of the available information re. the housing market. It sounds like you have really seen “the light” and realize that prices are going to drop a lot more over the next couple of years, especially in the higher-end areas.

I’m not knocking anybody who believes that they MUST buy right now to satisfy whatever reasons they may have…………………….it’s their money to spend…………….Personally, I simply can’t relate to throwing away hard-earned money for over-priced property and the higher taxes that come with paying way over true market value for a home.

As they say “down south”,,,,,,,,,,,,,,,,Good on you!

[Ex-SD]

eagleeye……………………It was good to read that some people are not letting their emotions get in the way of rational, logical decisions made from all of the available information re. the housing market. It sounds like you have really seen “the light” and realize that prices are going to drop a lot more over the next couple of years, especially in the higher-end areas.

I’m not knocking anybody who believes that they MUST buy right now to satisfy whatever reasons they may have…………………….it’s their money to spend…………….Personally, I simply can’t relate to throwing away hard-earned money for over-priced property and the higher taxes that come with paying way over true market value for a home.

As they say “down south”,,,,,,,,,,,,,,,,Good on you!

[Ex-SD]

eagleeye……………………It was good to read that some people are not letting their emotions get in the way of rational, logical decisions made from all of the available information re. the housing market. It sounds like you have really seen “the light” and realize that prices are going to drop a lot more over the next couple of years, especially in the higher-end areas.

I’m not knocking anybody who believes that they MUST buy right now to satisfy whatever reasons they may have…………………….it’s their money to spend…………….Personally, I simply can’t relate to throwing away hard-earned money for over-priced property and the higher taxes that come with paying way over true market value for a home.

As they say “down south”,,,,,,,,,,,,,,,,Good on you!

[Ex-SD]

eagleeye……………………It was good to read that some people are not letting their emotions get in the way of rational, logical decisions made from all of the available information re. the housing market. It sounds like you have really seen “the light” and realize that prices are going to drop a lot more over the next couple of years, especially in the higher-end areas.

I’m not knocking anybody who believes that they MUST buy right now to satisfy whatever reasons they may have…………………….it’s their money to spend…………….Personally, I simply can’t relate to throwing away hard-earned money for over-priced property and the higher taxes that come with paying way over true market value for a home.

As they say “down south”,,,,,,,,,,,,,,,,Good on you!

[raptorduck]

Although I am not on the fence any more, this is very true. When I started my home search 18 months ago (1 yr ago in SD), I was much more willing to buy at the high end of my range. By this year, I was pushing for homes in the low end.

I came back up a tad only because I found less competition at prices a tad higher than my low end. But I became more conservative with my housing budget over time, and it was conservative to begin with.

[raptorduck]

Although I am not on the fence any more, this is very true. When I started my home search 18 months ago (1 yr ago in SD), I was much more willing to buy at the high end of my range. By this year, I was pushing for homes in the low end.

I came back up a tad only because I found less competition at prices a tad higher than my low end. But I became more conservative with my housing budget over time, and it was conservative to begin with.

[raptorduck]

Although I am not on the fence any more, this is very true. When I started my home search 18 months ago (1 yr ago in SD), I was much more willing to buy at the high end of my range. By this year, I was pushing for homes in the low end.

I came back up a tad only because I found less competition at prices a tad higher than my low end. But I became more conservative with my housing budget over time, and it was conservative to begin with.

[raptorduck]

Although I am not on the fence any more, this is very true. When I started my home search 18 months ago (1 yr ago in SD), I was much more willing to buy at the high end of my range. By this year, I was pushing for homes in the low end.

I came back up a tad only because I found less competition at prices a tad higher than my low end. But I became more conservative with my housing budget over time, and it was conservative to begin with.

[raptorduck]

Although I am not on the fence any more, this is very true. When I started my home search 18 months ago (1 yr ago in SD), I was much more willing to buy at the high end of my range. By this year, I was pushing for homes in the low end.

I came back up a tad only because I found less competition at prices a tad higher than my low end. But I became more conservative with my housing budget over time, and it was conservative to begin with.

[PD]

My target price has stayed about the same. However, my finances have improved quite a bit. The net effect is that my payments would be (if I bought right now) less than I was planning on a couple of years ago.

People move and think in herds. We are arcing in a new direction. We have been piggishly guzzling in a bigger, better, grander, richer acquisition phase as a country for many years. The new thinking will be smaller, simpler, and more efficient. Everyone is suddenly going to start talking about the joys of great gas mileage, a smaller home to clean and less debt.

[PD]

My target price has stayed about the same. However, my finances have improved quite a bit. The net effect is that my payments would be (if I bought right now) less than I was planning on a couple of years ago.

People move and think in herds. We are arcing in a new direction. We have been piggishly guzzling in a bigger, better, grander, richer acquisition phase as a country for many years. The new thinking will be smaller, simpler, and more efficient. Everyone is suddenly going to start talking about the joys of great gas mileage, a smaller home to clean and less debt.

[PD]

My target price has stayed about the same. However, my finances have improved quite a bit. The net effect is that my payments would be (if I bought right now) less than I was planning on a couple of years ago.

People move and think in herds. We are arcing in a new direction. We have been piggishly guzzling in a bigger, better, grander, richer acquisition phase as a country for many years. The new thinking will be smaller, simpler, and more efficient. Everyone is suddenly going to start talking about the joys of great gas mileage, a smaller home to clean and less debt.

[PD]

My target price has stayed about the same. However, my finances have improved quite a bit. The net effect is that my payments would be (if I bought right now) less than I was planning on a couple of years ago.

People move and think in herds. We are arcing in a new direction. We have been piggishly guzzling in a bigger, better, grander, richer acquisition phase as a country for many years. The new thinking will be smaller, simpler, and more efficient. Everyone is suddenly going to start talking about the joys of great gas mileage, a smaller home to clean and less debt.

[Author]

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