Condo market in Mira Mesa

[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.

[danthedart]

Should the rent vs. buy be the primary factor I look at? I know some people were saying that 2000 pricing or 50% from peak was a good place to start… and I don’t think the prices are quite there yet.

[danthedart]

Should the rent vs. buy be the primary factor I look at? I know some people were saying that 2000 pricing or 50% from peak was a good place to start… and I don’t think the prices are quite there yet.

[danthedart]

Should the rent vs. buy be the primary factor I look at? I know some people were saying that 2000 pricing or 50% from peak was a good place to start… and I don’t think the prices are quite there yet.

[danthedart]

Should the rent vs. buy be the primary factor I look at? I know some people were saying that 2000 pricing or 50% from peak was a good place to start… and I don’t think the prices are quite there yet.

[danthedart]

Should the rent vs. buy be the primary factor I look at? I know some people were saying that 2000 pricing or 50% from peak was a good place to start… and I don’t think the prices are quite there yet.

[NotCranky]

Danthedart. Maybe a milestone to look for in buying the condo is when you are pretty sure the detached market has bottomed. No offense to anyone who actually prefers condos, but many see them as an affordable second best alterantives to detached. This causes me to theorize that they won’t bottom first even though they started to fall first and fastest.Of course competing theories could be pertenant.

In the last downturn I saw foreclosures that the owner could have rented positive, even with the major problems in the rental market.I guess this is because many people are not ready to manage a rental.I have not looked for examples of this recently but I think many people buying now will lose houses that could rent positive for the same reasons.Once they are distressed again they , with likely worsening resale and rental markets, they will probably sell lower, bringing comps down. I would take the buy vs. rent metric with a grain of salt from a “best buying point” outlook.On the other hand, many people for various valid reasons, even investors, don’t care so much about the perfect timing.

This is just conjecture.Maybe things will go this way, maybe not.

[NotCranky]

Danthedart. Maybe a milestone to look for in buying the condo is when you are pretty sure the detached market has bottomed. No offense to anyone who actually prefers condos, but many see them as an affordable second best alterantives to detached. This causes me to theorize that they won’t bottom first even though they started to fall first and fastest.Of course competing theories could be pertenant.

In the last downturn I saw foreclosures that the owner could have rented positive, even with the major problems in the rental market.I guess this is because many people are not ready to manage a rental.I have not looked for examples of this recently but I think many people buying now will lose houses that could rent positive for the same reasons.Once they are distressed again they , with likely worsening resale and rental markets, they will probably sell lower, bringing comps down. I would take the buy vs. rent metric with a grain of salt from a “best buying point” outlook.On the other hand, many people for various valid reasons, even investors, don’t care so much about the perfect timing.

This is just conjecture.Maybe things will go this way, maybe not.

[NotCranky]

Danthedart. Maybe a milestone to look for in buying the condo is when you are pretty sure the detached market has bottomed. No offense to anyone who actually prefers condos, but many see them as an affordable second best alterantives to detached. This causes me to theorize that they won’t bottom first even though they started to fall first and fastest.Of course competing theories could be pertenant.

In the last downturn I saw foreclosures that the owner could have rented positive, even with the major problems in the rental market.I guess this is because many people are not ready to manage a rental.I have not looked for examples of this recently but I think many people buying now will lose houses that could rent positive for the same reasons.Once they are distressed again they , with likely worsening resale and rental markets, they will probably sell lower, bringing comps down. I would take the buy vs. rent metric with a grain of salt from a “best buying point” outlook.On the other hand, many people for various valid reasons, even investors, don’t care so much about the perfect timing.

This is just conjecture.Maybe things will go this way, maybe not.

[NotCranky]

Danthedart. Maybe a milestone to look for in buying the condo is when you are pretty sure the detached market has bottomed. No offense to anyone who actually prefers condos, but many see them as an affordable second best alterantives to detached. This causes me to theorize that they won’t bottom first even though they started to fall first and fastest.Of course competing theories could be pertenant.

In the last downturn I saw foreclosures that the owner could have rented positive, even with the major problems in the rental market.I guess this is because many people are not ready to manage a rental.I have not looked for examples of this recently but I think many people buying now will lose houses that could rent positive for the same reasons.Once they are distressed again they , with likely worsening resale and rental markets, they will probably sell lower, bringing comps down. I would take the buy vs. rent metric with a grain of salt from a “best buying point” outlook.On the other hand, many people for various valid reasons, even investors, don’t care so much about the perfect timing.

This is just conjecture.Maybe things will go this way, maybe not.

[NotCranky]

Danthedart. Maybe a milestone to look for in buying the condo is when you are pretty sure the detached market has bottomed. No offense to anyone who actually prefers condos, but many see them as an affordable second best alterantives to detached. This causes me to theorize that they won’t bottom first even though they started to fall first and fastest.Of course competing theories could be pertenant.

In the last downturn I saw foreclosures that the owner could have rented positive, even with the major problems in the rental market.I guess this is because many people are not ready to manage a rental.I have not looked for examples of this recently but I think many people buying now will lose houses that could rent positive for the same reasons.Once they are distressed again they , with likely worsening resale and rental markets, they will probably sell lower, bringing comps down. I would take the buy vs. rent metric with a grain of salt from a “best buying point” outlook.On the other hand, many people for various valid reasons, even investors, don’t care so much about the perfect timing.

This is just conjecture.Maybe things will go this way, maybe not.

[an]

rent vs buy will tell you where the equilibrium is, but it won’t tell you where the bottom is. Only after we turn back up will we know where/when the bottom was.

[an]

rent vs buy will tell you where the equilibrium is, but it won’t tell you where the bottom is. Only after we turn back up will we know where/when the bottom was.

[an]

rent vs buy will tell you where the equilibrium is, but it won’t tell you where the bottom is. Only after we turn back up will we know where/when the bottom was.

[an]

rent vs buy will tell you where the equilibrium is, but it won’t tell you where the bottom is. Only after we turn back up will we know where/when the bottom was.

[Author]

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