Are other fence sitters experiencing the same feeling?

[Anonymous]

Well, even though I’ve been becoming tempted a lot lately, I’m going to go ahead and wait a year at least. I want a modest mortgage so I can live comfortably and invest my extra money for my retirement, and the kids’ college tuition. I want to be able to take vacations too, have fun. Being a slave for life to a ridiculously high mortgage payment is so not worth it. A lot of people are figuring that out right now.

[jpinpb]

nostradamus – the litigation is a long story, but it’s a breach of contract separate and apart from the sale of the property for extension of escrow. Sale isn’t happening anymore. I’d love to be able to also sue for fraud, loss of opportunity and a host of others, but will settle for the breach. Now if I could only find him, since he’s dodging service and making me work at this. Probably have to do it by publication and drag it out some more. There’s days it seems like nothing is easy, unless you’re in Staple’s.

[jpinpb]

nostradamus – the litigation is a long story, but it’s a breach of contract separate and apart from the sale of the property for extension of escrow. Sale isn’t happening anymore. I’d love to be able to also sue for fraud, loss of opportunity and a host of others, but will settle for the breach. Now if I could only find him, since he’s dodging service and making me work at this. Probably have to do it by publication and drag it out some more. There’s days it seems like nothing is easy, unless you’re in Staple’s.

[jpinpb]

nostradamus – the litigation is a long story, but it’s a breach of contract separate and apart from the sale of the property for extension of escrow. Sale isn’t happening anymore. I’d love to be able to also sue for fraud, loss of opportunity and a host of others, but will settle for the breach. Now if I could only find him, since he’s dodging service and making me work at this. Probably have to do it by publication and drag it out some more. There’s days it seems like nothing is easy, unless you’re in Staple’s.

[jpinpb]

nostradamus – the litigation is a long story, but it’s a breach of contract separate and apart from the sale of the property for extension of escrow. Sale isn’t happening anymore. I’d love to be able to also sue for fraud, loss of opportunity and a host of others, but will settle for the breach. Now if I could only find him, since he’s dodging service and making me work at this. Probably have to do it by publication and drag it out some more. There’s days it seems like nothing is easy, unless you’re in Staple’s.

[jpinpb]

nostradamus – the litigation is a long story, but it’s a breach of contract separate and apart from the sale of the property for extension of escrow. Sale isn’t happening anymore. I’d love to be able to also sue for fraud, loss of opportunity and a host of others, but will settle for the breach. Now if I could only find him, since he’s dodging service and making me work at this. Probably have to do it by publication and drag it out some more. There’s days it seems like nothing is easy, unless you’re in Staple’s.

[nostradamus]

Sorry to hear that. Litigation is never fun, I went thru one for 3 years! Truly the ones who win are the lawyers. Anyhow, best of luck with that! I’d keep posts about it to a minimum until it is settled. You never know who’s reading!

[nostradamus]

Sorry to hear that. Litigation is never fun, I went thru one for 3 years! Truly the ones who win are the lawyers. Anyhow, best of luck with that! I’d keep posts about it to a minimum until it is settled. You never know who’s reading!

[nostradamus]

Sorry to hear that. Litigation is never fun, I went thru one for 3 years! Truly the ones who win are the lawyers. Anyhow, best of luck with that! I’d keep posts about it to a minimum until it is settled. You never know who’s reading!

[nostradamus]

Sorry to hear that. Litigation is never fun, I went thru one for 3 years! Truly the ones who win are the lawyers. Anyhow, best of luck with that! I’d keep posts about it to a minimum until it is settled. You never know who’s reading!

[nostradamus]

Sorry to hear that. Litigation is never fun, I went thru one for 3 years! Truly the ones who win are the lawyers. Anyhow, best of luck with that! I’d keep posts about it to a minimum until it is settled. You never know who’s reading!

[David J]

I don’t think asianautica or myself were advocating getting into a mortgage where an equal property rents for less. Rather, simply that once a house pencils out, plan B is then available. Plan B being that one can rent out the house if you need to move and it will not be a financial disaster.

I’m planning on buying sometime next year, I doubt it will be the bottom, even for the hardest hit areas. However, once you pass fundamental price support levels (rents for an equal house IMHO), whether to the upside or the downside, it is anyone’s guess as to where prices will go in the short-term.

In the mean time I will continue to watch inventory levels, sales, etc… to help with the decision. In Mira Mesa inventory is starting to rise again, so maybe we’ll see another nice leg down.

[David J]

I don’t think asianautica or myself were advocating getting into a mortgage where an equal property rents for less. Rather, simply that once a house pencils out, plan B is then available. Plan B being that one can rent out the house if you need to move and it will not be a financial disaster.

I’m planning on buying sometime next year, I doubt it will be the bottom, even for the hardest hit areas. However, once you pass fundamental price support levels (rents for an equal house IMHO), whether to the upside or the downside, it is anyone’s guess as to where prices will go in the short-term.

In the mean time I will continue to watch inventory levels, sales, etc… to help with the decision. In Mira Mesa inventory is starting to rise again, so maybe we’ll see another nice leg down.

[David J]

I don’t think asianautica or myself were advocating getting into a mortgage where an equal property rents for less. Rather, simply that once a house pencils out, plan B is then available. Plan B being that one can rent out the house if you need to move and it will not be a financial disaster.

I’m planning on buying sometime next year, I doubt it will be the bottom, even for the hardest hit areas. However, once you pass fundamental price support levels (rents for an equal house IMHO), whether to the upside or the downside, it is anyone’s guess as to where prices will go in the short-term.

In the mean time I will continue to watch inventory levels, sales, etc… to help with the decision. In Mira Mesa inventory is starting to rise again, so maybe we’ll see another nice leg down.

[David J]

I don’t think asianautica or myself were advocating getting into a mortgage where an equal property rents for less. Rather, simply that once a house pencils out, plan B is then available. Plan B being that one can rent out the house if you need to move and it will not be a financial disaster.

I’m planning on buying sometime next year, I doubt it will be the bottom, even for the hardest hit areas. However, once you pass fundamental price support levels (rents for an equal house IMHO), whether to the upside or the downside, it is anyone’s guess as to where prices will go in the short-term.

In the mean time I will continue to watch inventory levels, sales, etc… to help with the decision. In Mira Mesa inventory is starting to rise again, so maybe we’ll see another nice leg down.

[Author]

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