Condo market in Mira Mesa

[Ren]

[quote=asianautica]Personally, I think when your PITI w/20% down = rent, you’re already at equilibrium point. … If it’s cheaper to buy vs rent, then you’re already doing better than rent.[/quote]

PITI w/20% down may equal rent now, but the problem with that is this: losing a good chunk of that 20% over the next few years makes it anything but equal.

[an]

[quote=Ren]
PITI w/20% down may equal rent now, but the problem with that is this: losing a good chunk of that 20% over the next few years makes it anything but equal.
[/quote]
Like I said before, equilibrium is not equal to bottom. No one will know when/where the bottom is until it already passed. BTW, at the bottom of the last cycle, a SFR in MM, PITI w/20% down was equal rent.

[an]

[quote=Ren]
PITI w/20% down may equal rent now, but the problem with that is this: losing a good chunk of that 20% over the next few years makes it anything but equal.
[/quote]
Like I said before, equilibrium is not equal to bottom. No one will know when/where the bottom is until it already passed. BTW, at the bottom of the last cycle, a SFR in MM, PITI w/20% down was equal rent.

[an]

[quote=Ren]
PITI w/20% down may equal rent now, but the problem with that is this: losing a good chunk of that 20% over the next few years makes it anything but equal.
[/quote]
Like I said before, equilibrium is not equal to bottom. No one will know when/where the bottom is until it already passed. BTW, at the bottom of the last cycle, a SFR in MM, PITI w/20% down was equal rent.

[an]

[quote=Ren]
PITI w/20% down may equal rent now, but the problem with that is this: losing a good chunk of that 20% over the next few years makes it anything but equal.
[/quote]
Like I said before, equilibrium is not equal to bottom. No one will know when/where the bottom is until it already passed. BTW, at the bottom of the last cycle, a SFR in MM, PITI w/20% down was equal rent.

[an]

[quote=Ren]
PITI w/20% down may equal rent now, but the problem with that is this: losing a good chunk of that 20% over the next few years makes it anything but equal.
[/quote]
Like I said before, equilibrium is not equal to bottom. No one will know when/where the bottom is until it already passed. BTW, at the bottom of the last cycle, a SFR in MM, PITI w/20% down was equal rent.

[(former)FormerSanDiegan]

[quote=asianautica][quote=Ren]
PITI w/20% down may equal rent now, but the problem with that is this: losing a good chunk of that 20% over the next few years makes it anything but equal.
[/quote]
Like I said before, equilibrium is not equal to bottom. No one will know when/where the bottom is until it already passed. BTW, at the bottom of the last cycle, a SFR in MM, PITI w/20% down was equal rent.[/quote]

But, but … it’s different this time.
The fundamentals have changed. No more reversion to the mean.
We are headed to a permanently lower plateau. House prices always go down.

[(former)FormerSanDiegan]

[quote=asianautica][quote=Ren]
PITI w/20% down may equal rent now, but the problem with that is this: losing a good chunk of that 20% over the next few years makes it anything but equal.
[/quote]
Like I said before, equilibrium is not equal to bottom. No one will know when/where the bottom is until it already passed. BTW, at the bottom of the last cycle, a SFR in MM, PITI w/20% down was equal rent.[/quote]

But, but … it’s different this time.
The fundamentals have changed. No more reversion to the mean.
We are headed to a permanently lower plateau. House prices always go down.

[(former)FormerSanDiegan]

[quote=asianautica][quote=Ren]
PITI w/20% down may equal rent now, but the problem with that is this: losing a good chunk of that 20% over the next few years makes it anything but equal.
[/quote]
Like I said before, equilibrium is not equal to bottom. No one will know when/where the bottom is until it already passed. BTW, at the bottom of the last cycle, a SFR in MM, PITI w/20% down was equal rent.[/quote]

But, but … it’s different this time.
The fundamentals have changed. No more reversion to the mean.
We are headed to a permanently lower plateau. House prices always go down.

[(former)FormerSanDiegan]

[quote=asianautica][quote=Ren]
PITI w/20% down may equal rent now, but the problem with that is this: losing a good chunk of that 20% over the next few years makes it anything but equal.
[/quote]
Like I said before, equilibrium is not equal to bottom. No one will know when/where the bottom is until it already passed. BTW, at the bottom of the last cycle, a SFR in MM, PITI w/20% down was equal rent.[/quote]

But, but … it’s different this time.
The fundamentals have changed. No more reversion to the mean.
We are headed to a permanently lower plateau. House prices always go down.

[(former)FormerSanDiegan]

[quote=asianautica][quote=Ren]
PITI w/20% down may equal rent now, but the problem with that is this: losing a good chunk of that 20% over the next few years makes it anything but equal.
[/quote]
Like I said before, equilibrium is not equal to bottom. No one will know when/where the bottom is until it already passed. BTW, at the bottom of the last cycle, a SFR in MM, PITI w/20% down was equal rent.[/quote]

But, but … it’s different this time.
The fundamentals have changed. No more reversion to the mean.
We are headed to a permanently lower plateau. House prices always go down.

[Eugene]

When PITI w/20% down equals rent, it’s substantially cheaper to own than to rent.

[Eugene]

When PITI w/20% down equals rent, it’s substantially cheaper to own than to rent.

[Eugene]

When PITI w/20% down equals rent, it’s substantially cheaper to own than to rent.

[Eugene]

When PITI w/20% down equals rent, it’s substantially cheaper to own than to rent.

[Author]

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