Condo market in Mira Mesa

[danthedart]

Do you think the condo market in mira mesa has hit bottom or is near bottom? It seems like the prices for a 2/2 in East Mira Mesa have gone back to 2001 prices. Prices seem to have dropped about 40% from peak. Its cheaper to buy than it is to rent also.

[DWCAP]

[quote=danthedart] Its cheaper to buy than it is to rent also. [/quote]

Do you care if it is the bottom?

[DWCAP]

[quote=danthedart] Its cheaper to buy than it is to rent also. [/quote]

Do you care if it is the bottom?

[DWCAP]

[quote=danthedart] Its cheaper to buy than it is to rent also. [/quote]

Do you care if it is the bottom?

[DWCAP]

[quote=danthedart] Its cheaper to buy than it is to rent also. [/quote]

Do you care if it is the bottom?

[DWCAP]

[quote=danthedart] Its cheaper to buy than it is to rent also. [/quote]

Do you care if it is the bottom?

[danthedart]

I don’t care if its the absolute bottom, and I know its difficult to time the bottom, but I always like to save money… especially if we’re talking tens of thousands of dollars.

[danthedart]

I don’t care if its the absolute bottom, and I know its difficult to time the bottom, but I always like to save money… especially if we’re talking tens of thousands of dollars.

[danthedart]

I don’t care if its the absolute bottom, and I know its difficult to time the bottom, but I always like to save money… especially if we’re talking tens of thousands of dollars.

[danthedart]

I don’t care if its the absolute bottom, and I know its difficult to time the bottom, but I always like to save money… especially if we’re talking tens of thousands of dollars.

[danthedart]

I don’t care if its the absolute bottom, and I know its difficult to time the bottom, but I always like to save money… especially if we’re talking tens of thousands of dollars.

[an]

Personally, I think when your PITI w/20% down = rent, you’re already at equilibrium point. However, like all cycles, you’ll undershoot on the way down just as you overshoot on the way up. If it’s cheaper to buy vs rent, then you’re already doing better than rent. However, since no one really know when/where the bottom is, you will have to take your own guess.

[an]

Personally, I think when your PITI w/20% down = rent, you’re already at equilibrium point. However, like all cycles, you’ll undershoot on the way down just as you overshoot on the way up. If it’s cheaper to buy vs rent, then you’re already doing better than rent. However, since no one really know when/where the bottom is, you will have to take your own guess.

[an]

Personally, I think when your PITI w/20% down = rent, you’re already at equilibrium point. However, like all cycles, you’ll undershoot on the way down just as you overshoot on the way up. If it’s cheaper to buy vs rent, then you’re already doing better than rent. However, since no one really know when/where the bottom is, you will have to take your own guess.

[an]

Personally, I think when your PITI w/20% down = rent, you’re already at equilibrium point. However, like all cycles, you’ll undershoot on the way down just as you overshoot on the way up. If it’s cheaper to buy vs rent, then you’re already doing better than rent. However, since no one really know when/where the bottom is, you will have to take your own guess.

[Author]

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