Are other fence sitters experiencing the same feeling?

[jpinpb]

Well, I know I’m looking for something less than I was two years ago, but my circumstances have changed b/c the 5 acres I have in the high desert that was in escrow is now in litigation. That was going to be my big down payment to help buy a place w/out the trick loans. That being tied up means I will have to consider lower priced places.

Funny how things work out.

[nostradamus]

What’s the litigation about jp?

I’m not a fence-sitter, I’m still firmly in the bear enclosure. Looking over the fence, not enough has changed to spark my interest yet. As I said before, I’m happy to see all the recent sales activity. This means less competition next year and the year after and the year after… The market will not fully deflate until there are no more buyers.

[nostradamus]

What’s the litigation about jp?

I’m not a fence-sitter, I’m still firmly in the bear enclosure. Looking over the fence, not enough has changed to spark my interest yet. As I said before, I’m happy to see all the recent sales activity. This means less competition next year and the year after and the year after… The market will not fully deflate until there are no more buyers.

[nostradamus]

What’s the litigation about jp?

I’m not a fence-sitter, I’m still firmly in the bear enclosure. Looking over the fence, not enough has changed to spark my interest yet. As I said before, I’m happy to see all the recent sales activity. This means less competition next year and the year after and the year after… The market will not fully deflate until there are no more buyers.

[nostradamus]

What’s the litigation about jp?

I’m not a fence-sitter, I’m still firmly in the bear enclosure. Looking over the fence, not enough has changed to spark my interest yet. As I said before, I’m happy to see all the recent sales activity. This means less competition next year and the year after and the year after… The market will not fully deflate until there are no more buyers.

[nostradamus]

What’s the litigation about jp?

I’m not a fence-sitter, I’m still firmly in the bear enclosure. Looking over the fence, not enough has changed to spark my interest yet. As I said before, I’m happy to see all the recent sales activity. This means less competition next year and the year after and the year after… The market will not fully deflate until there are no more buyers.

[34f3f3f]

My sentiments exactly …a contraction in the housing market leads to a commensurate contraction in ‘willingness’ to stretch the wallet, the complete opposite of what happens in an over-heated market. Once the feverish “must-own-a-home” passes from patient fence sitting, excitement is replaced by sober reality. This is surely another nail in the coffin for the alleged invulnerable upper tiers.

[34f3f3f]

My sentiments exactly …a contraction in the housing market leads to a commensurate contraction in ‘willingness’ to stretch the wallet, the complete opposite of what happens in an over-heated market. Once the feverish “must-own-a-home” passes from patient fence sitting, excitement is replaced by sober reality. This is surely another nail in the coffin for the alleged invulnerable upper tiers.

[34f3f3f]

My sentiments exactly …a contraction in the housing market leads to a commensurate contraction in ‘willingness’ to stretch the wallet, the complete opposite of what happens in an over-heated market. Once the feverish “must-own-a-home” passes from patient fence sitting, excitement is replaced by sober reality. This is surely another nail in the coffin for the alleged invulnerable upper tiers.

[34f3f3f]

My sentiments exactly …a contraction in the housing market leads to a commensurate contraction in ‘willingness’ to stretch the wallet, the complete opposite of what happens in an over-heated market. Once the feverish “must-own-a-home” passes from patient fence sitting, excitement is replaced by sober reality. This is surely another nail in the coffin for the alleged invulnerable upper tiers.

[34f3f3f]

My sentiments exactly …a contraction in the housing market leads to a commensurate contraction in ‘willingness’ to stretch the wallet, the complete opposite of what happens in an over-heated market. Once the feverish “must-own-a-home” passes from patient fence sitting, excitement is replaced by sober reality. This is surely another nail in the coffin for the alleged invulnerable upper tiers.

[University City Renter]

I am with you on this one, what I want in my future house for the price has changed. Call me crazy but if I’m going to spend hundreds of thousands of dollars, I want to like my house.
We’ve been saving pretty aggressively for the last 3 years in hopes of coming up with a humungous down payment. Our goal is to wait at least 2 more years on the sidelines & by then have at least 25 % down payment available. If it looks like we won’t instantly loose 20-30k the day we buy it, we might jump in and buy in 2 years. If inventory is still too high, I’m staying on the sidelines.

Tell me if you think this is do-able. A stand alone house in Mira Mesa, Rancho Pena.. (sp?), Rancho Bernardo, Poway (somewhere in this area) about summer of 2010 for under say 375k? Don’t need a McMansion, just something nice.

[University City Renter]

I am with you on this one, what I want in my future house for the price has changed. Call me crazy but if I’m going to spend hundreds of thousands of dollars, I want to like my house.
We’ve been saving pretty aggressively for the last 3 years in hopes of coming up with a humungous down payment. Our goal is to wait at least 2 more years on the sidelines & by then have at least 25 % down payment available. If it looks like we won’t instantly loose 20-30k the day we buy it, we might jump in and buy in 2 years. If inventory is still too high, I’m staying on the sidelines.

Tell me if you think this is do-able. A stand alone house in Mira Mesa, Rancho Pena.. (sp?), Rancho Bernardo, Poway (somewhere in this area) about summer of 2010 for under say 375k? Don’t need a McMansion, just something nice.

[University City Renter]

I am with you on this one, what I want in my future house for the price has changed. Call me crazy but if I’m going to spend hundreds of thousands of dollars, I want to like my house.
We’ve been saving pretty aggressively for the last 3 years in hopes of coming up with a humungous down payment. Our goal is to wait at least 2 more years on the sidelines & by then have at least 25 % down payment available. If it looks like we won’t instantly loose 20-30k the day we buy it, we might jump in and buy in 2 years. If inventory is still too high, I’m staying on the sidelines.

Tell me if you think this is do-able. A stand alone house in Mira Mesa, Rancho Pena.. (sp?), Rancho Bernardo, Poway (somewhere in this area) about summer of 2010 for under say 375k? Don’t need a McMansion, just something nice.

[University City Renter]

I am with you on this one, what I want in my future house for the price has changed. Call me crazy but if I’m going to spend hundreds of thousands of dollars, I want to like my house.
We’ve been saving pretty aggressively for the last 3 years in hopes of coming up with a humungous down payment. Our goal is to wait at least 2 more years on the sidelines & by then have at least 25 % down payment available. If it looks like we won’t instantly loose 20-30k the day we buy it, we might jump in and buy in 2 years. If inventory is still too high, I’m staying on the sidelines.

Tell me if you think this is do-able. A stand alone house in Mira Mesa, Rancho Pena.. (sp?), Rancho Bernardo, Poway (somewhere in this area) about summer of 2010 for under say 375k? Don’t need a McMansion, just something nice.

[Author]

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