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eavesdropper.
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October 4, 2010 at 4:28 PM #612563October 4, 2010 at 4:47 PM #613120
permabear
Participant[quote=dd123]Yeah, but with all these govt intervention, I don’t see the prices going down though I don’t see them going up either…[/quote]
If you make $140k and you feel priced out, who the hell else is buying a home as a first-time homebuyer? That’s the only question worth asking. All the other stuff is just confusion.
The govt can only push on a string long enough. The blog link I posted above shows prices are turning down again, in spite of all the stimulus.
Don’t worry. Ask yourself what sounds most likely:
1. Housing prices suddenly start shooting up 10% a year
2. Housing prices stay more or less flat
3. Housing prices begin to weaken again and trend downIf it’s either #2 or #3, this means inflation will be making housing cheaper for you. So keep diligently putting money in the bank – as much as possible – until you feel you can buy a home in a decent area. “Cheapest home in the best area” and all that.
In the meantime, there’s some nice stuff for rent in Scripps Ranch and 4S Ranch, both very nice communities with great schools, for under $3000 a month. If you’re renting at $3k, making $140k, you should be able to save $2k/month if you budget.
You may also enjoy this recent poll: http://piggington.com/where_will_real_estate_be_in_3_years
October 4, 2010 at 4:47 PM #613550permabear
Participant[quote=dd123]Yeah, but with all these govt intervention, I don’t see the prices going down though I don’t see them going up either…[/quote]
If you make $140k and you feel priced out, who the hell else is buying a home as a first-time homebuyer? That’s the only question worth asking. All the other stuff is just confusion.
The govt can only push on a string long enough. The blog link I posted above shows prices are turning down again, in spite of all the stimulus.
Don’t worry. Ask yourself what sounds most likely:
1. Housing prices suddenly start shooting up 10% a year
2. Housing prices stay more or less flat
3. Housing prices begin to weaken again and trend downIf it’s either #2 or #3, this means inflation will be making housing cheaper for you. So keep diligently putting money in the bank – as much as possible – until you feel you can buy a home in a decent area. “Cheapest home in the best area” and all that.
In the meantime, there’s some nice stuff for rent in Scripps Ranch and 4S Ranch, both very nice communities with great schools, for under $3000 a month. If you’re renting at $3k, making $140k, you should be able to save $2k/month if you budget.
You may also enjoy this recent poll: http://piggington.com/where_will_real_estate_be_in_3_years
October 4, 2010 at 4:47 PM #612483permabear
Participant[quote=dd123]Yeah, but with all these govt intervention, I don’t see the prices going down though I don’t see them going up either…[/quote]
If you make $140k and you feel priced out, who the hell else is buying a home as a first-time homebuyer? That’s the only question worth asking. All the other stuff is just confusion.
The govt can only push on a string long enough. The blog link I posted above shows prices are turning down again, in spite of all the stimulus.
Don’t worry. Ask yourself what sounds most likely:
1. Housing prices suddenly start shooting up 10% a year
2. Housing prices stay more or less flat
3. Housing prices begin to weaken again and trend downIf it’s either #2 or #3, this means inflation will be making housing cheaper for you. So keep diligently putting money in the bank – as much as possible – until you feel you can buy a home in a decent area. “Cheapest home in the best area” and all that.
In the meantime, there’s some nice stuff for rent in Scripps Ranch and 4S Ranch, both very nice communities with great schools, for under $3000 a month. If you’re renting at $3k, making $140k, you should be able to save $2k/month if you budget.
You may also enjoy this recent poll: http://piggington.com/where_will_real_estate_be_in_3_years
October 4, 2010 at 4:47 PM #613237permabear
Participant[quote=dd123]Yeah, but with all these govt intervention, I don’t see the prices going down though I don’t see them going up either…[/quote]
If you make $140k and you feel priced out, who the hell else is buying a home as a first-time homebuyer? That’s the only question worth asking. All the other stuff is just confusion.
The govt can only push on a string long enough. The blog link I posted above shows prices are turning down again, in spite of all the stimulus.
Don’t worry. Ask yourself what sounds most likely:
1. Housing prices suddenly start shooting up 10% a year
2. Housing prices stay more or less flat
3. Housing prices begin to weaken again and trend downIf it’s either #2 or #3, this means inflation will be making housing cheaper for you. So keep diligently putting money in the bank – as much as possible – until you feel you can buy a home in a decent area. “Cheapest home in the best area” and all that.
In the meantime, there’s some nice stuff for rent in Scripps Ranch and 4S Ranch, both very nice communities with great schools, for under $3000 a month. If you’re renting at $3k, making $140k, you should be able to save $2k/month if you budget.
You may also enjoy this recent poll: http://piggington.com/where_will_real_estate_be_in_3_years
October 4, 2010 at 4:47 PM #612568permabear
Participant[quote=dd123]Yeah, but with all these govt intervention, I don’t see the prices going down though I don’t see them going up either…[/quote]
If you make $140k and you feel priced out, who the hell else is buying a home as a first-time homebuyer? That’s the only question worth asking. All the other stuff is just confusion.
The govt can only push on a string long enough. The blog link I posted above shows prices are turning down again, in spite of all the stimulus.
Don’t worry. Ask yourself what sounds most likely:
1. Housing prices suddenly start shooting up 10% a year
2. Housing prices stay more or less flat
3. Housing prices begin to weaken again and trend downIf it’s either #2 or #3, this means inflation will be making housing cheaper for you. So keep diligently putting money in the bank – as much as possible – until you feel you can buy a home in a decent area. “Cheapest home in the best area” and all that.
In the meantime, there’s some nice stuff for rent in Scripps Ranch and 4S Ranch, both very nice communities with great schools, for under $3000 a month. If you’re renting at $3k, making $140k, you should be able to save $2k/month if you budget.
You may also enjoy this recent poll: http://piggington.com/where_will_real_estate_be_in_3_years
October 4, 2010 at 5:08 PM #613242Scarlett
ParticipantFor under $2500 you can rent a nice house in Penasquitos – Poway Unified School district – with 4 bdr and yard. There are condos with 3 bdr in Penasquitos that rent for well under $2000 a month (but with just a small patio, and sometimes no garage). Same in Scripps Ranch, though I haven’t looked as extensively.
Don’t feel terrible if you can’t manage to save 2K a month at 140K. Most people won’t be able to. It’s very hard to budget like that with 2 young kids, especially if they are in daycare and go to activities and all that, especially if both of you work. I find it very hard even at larger income than yours and I can manage it only by turning down the retirements savings and college savings. It depends what kind of life you are happy with.
October 4, 2010 at 5:08 PM #613555Scarlett
ParticipantFor under $2500 you can rent a nice house in Penasquitos – Poway Unified School district – with 4 bdr and yard. There are condos with 3 bdr in Penasquitos that rent for well under $2000 a month (but with just a small patio, and sometimes no garage). Same in Scripps Ranch, though I haven’t looked as extensively.
Don’t feel terrible if you can’t manage to save 2K a month at 140K. Most people won’t be able to. It’s very hard to budget like that with 2 young kids, especially if they are in daycare and go to activities and all that, especially if both of you work. I find it very hard even at larger income than yours and I can manage it only by turning down the retirements savings and college savings. It depends what kind of life you are happy with.
October 4, 2010 at 5:08 PM #612488Scarlett
ParticipantFor under $2500 you can rent a nice house in Penasquitos – Poway Unified School district – with 4 bdr and yard. There are condos with 3 bdr in Penasquitos that rent for well under $2000 a month (but with just a small patio, and sometimes no garage). Same in Scripps Ranch, though I haven’t looked as extensively.
Don’t feel terrible if you can’t manage to save 2K a month at 140K. Most people won’t be able to. It’s very hard to budget like that with 2 young kids, especially if they are in daycare and go to activities and all that, especially if both of you work. I find it very hard even at larger income than yours and I can manage it only by turning down the retirements savings and college savings. It depends what kind of life you are happy with.
October 4, 2010 at 5:08 PM #612573Scarlett
ParticipantFor under $2500 you can rent a nice house in Penasquitos – Poway Unified School district – with 4 bdr and yard. There are condos with 3 bdr in Penasquitos that rent for well under $2000 a month (but with just a small patio, and sometimes no garage). Same in Scripps Ranch, though I haven’t looked as extensively.
Don’t feel terrible if you can’t manage to save 2K a month at 140K. Most people won’t be able to. It’s very hard to budget like that with 2 young kids, especially if they are in daycare and go to activities and all that, especially if both of you work. I find it very hard even at larger income than yours and I can manage it only by turning down the retirements savings and college savings. It depends what kind of life you are happy with.
October 4, 2010 at 5:08 PM #613125Scarlett
ParticipantFor under $2500 you can rent a nice house in Penasquitos – Poway Unified School district – with 4 bdr and yard. There are condos with 3 bdr in Penasquitos that rent for well under $2000 a month (but with just a small patio, and sometimes no garage). Same in Scripps Ranch, though I haven’t looked as extensively.
Don’t feel terrible if you can’t manage to save 2K a month at 140K. Most people won’t be able to. It’s very hard to budget like that with 2 young kids, especially if they are in daycare and go to activities and all that, especially if both of you work. I find it very hard even at larger income than yours and I can manage it only by turning down the retirements savings and college savings. It depends what kind of life you are happy with.
October 4, 2010 at 5:14 PM #612578Scarlett
ParticipantIf you want to save money, don’t rent an overly large/nice place. An apt. may be too small with 2 kids, but a 3 bdr condo should do well enough for you and allow you to save more money. If it’s near a park you won’t miss the yard that much.
October 4, 2010 at 5:14 PM #613130Scarlett
ParticipantIf you want to save money, don’t rent an overly large/nice place. An apt. may be too small with 2 kids, but a 3 bdr condo should do well enough for you and allow you to save more money. If it’s near a park you won’t miss the yard that much.
October 4, 2010 at 5:14 PM #612493Scarlett
ParticipantIf you want to save money, don’t rent an overly large/nice place. An apt. may be too small with 2 kids, but a 3 bdr condo should do well enough for you and allow you to save more money. If it’s near a park you won’t miss the yard that much.
October 4, 2010 at 5:14 PM #613247Scarlett
ParticipantIf you want to save money, don’t rent an overly large/nice place. An apt. may be too small with 2 kids, but a 3 bdr condo should do well enough for you and allow you to save more money. If it’s near a park you won’t miss the yard that much.
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