Condo market in Mira Mesa

[Eugene]

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

[fsbo]

For owner self occupied purchase, PITI w/20% down equal rent is a good starting point, since the tax benefit will well compensate the 20% down payment. If you find a good one you like, you might want to jump off the fence as it’s not far away from the bottom.

For investors, PITI w/20% down equal rent will not make the property cash flow positive. Housing market will not turn around anytime soon. Investors would not like losing cashes in acquiring and keeping investment properties.

Before investors flood in, another 10%~15% price drop will be expected…

[fsbo]

For owner self occupied purchase, PITI w/20% down equal rent is a good starting point, since the tax benefit will well compensate the 20% down payment. If you find a good one you like, you might want to jump off the fence as it’s not far away from the bottom.

For investors, PITI w/20% down equal rent will not make the property cash flow positive. Housing market will not turn around anytime soon. Investors would not like losing cashes in acquiring and keeping investment properties.

Before investors flood in, another 10%~15% price drop will be expected…

[fsbo]

For owner self occupied purchase, PITI w/20% down equal rent is a good starting point, since the tax benefit will well compensate the 20% down payment. If you find a good one you like, you might want to jump off the fence as it’s not far away from the bottom.

For investors, PITI w/20% down equal rent will not make the property cash flow positive. Housing market will not turn around anytime soon. Investors would not like losing cashes in acquiring and keeping investment properties.

Before investors flood in, another 10%~15% price drop will be expected…

[fsbo]

For owner self occupied purchase, PITI w/20% down equal rent is a good starting point, since the tax benefit will well compensate the 20% down payment. If you find a good one you like, you might want to jump off the fence as it’s not far away from the bottom.

For investors, PITI w/20% down equal rent will not make the property cash flow positive. Housing market will not turn around anytime soon. Investors would not like losing cashes in acquiring and keeping investment properties.

Before investors flood in, another 10%~15% price drop will be expected…

[fsbo]

For owner self occupied purchase, PITI w/20% down equal rent is a good starting point, since the tax benefit will well compensate the 20% down payment. If you find a good one you like, you might want to jump off the fence as it’s not far away from the bottom.

For investors, PITI w/20% down equal rent will not make the property cash flow positive. Housing market will not turn around anytime soon. Investors would not like losing cashes in acquiring and keeping investment properties.

Before investors flood in, another 10%~15% price drop will be expected…

[peterb]

How do you feel about your job? Will you keep it over the next 3 years? This is critical. Tax deduction doesnt mean much without income from which to deduct.
Condo’s in a non-condo market like Mira Mesa, tend to go down first and come up last in the housing market. As they’re considered the step child product, second choice product.
If you’re bottom fishing, at least wait until CA has employment starting to tick up for a consistant 6 month period. That’s the key indicator that housing prices may rise.

[peterb]

How do you feel about your job? Will you keep it over the next 3 years? This is critical. Tax deduction doesnt mean much without income from which to deduct.
Condo’s in a non-condo market like Mira Mesa, tend to go down first and come up last in the housing market. As they’re considered the step child product, second choice product.
If you’re bottom fishing, at least wait until CA has employment starting to tick up for a consistant 6 month period. That’s the key indicator that housing prices may rise.

[peterb]

How do you feel about your job? Will you keep it over the next 3 years? This is critical. Tax deduction doesnt mean much without income from which to deduct.
Condo’s in a non-condo market like Mira Mesa, tend to go down first and come up last in the housing market. As they’re considered the step child product, second choice product.
If you’re bottom fishing, at least wait until CA has employment starting to tick up for a consistant 6 month period. That’s the key indicator that housing prices may rise.

[peterb]

How do you feel about your job? Will you keep it over the next 3 years? This is critical. Tax deduction doesnt mean much without income from which to deduct.
Condo’s in a non-condo market like Mira Mesa, tend to go down first and come up last in the housing market. As they’re considered the step child product, second choice product.
If you’re bottom fishing, at least wait until CA has employment starting to tick up for a consistant 6 month period. That’s the key indicator that housing prices may rise.

[peterb]

How do you feel about your job? Will you keep it over the next 3 years? This is critical. Tax deduction doesnt mean much without income from which to deduct.
Condo’s in a non-condo market like Mira Mesa, tend to go down first and come up last in the housing market. As they’re considered the step child product, second choice product.
If you’re bottom fishing, at least wait until CA has employment starting to tick up for a consistant 6 month period. That’s the key indicator that housing prices may rise.

[bsrsharma]

If you want to own a condo as a place to live for a long time, buying when it is cheaper than renting is a good time. It may not be the absolute lowest, but that doesn’t matter in the long run. Remember, you are borrowing and paying back in what is likely to be very weak $ in 10-15 years. More benefit when you count tax benefit.

[bsrsharma]

If you want to own a condo as a place to live for a long time, buying when it is cheaper than renting is a good time. It may not be the absolute lowest, but that doesn’t matter in the long run. Remember, you are borrowing and paying back in what is likely to be very weak $ in 10-15 years. More benefit when you count tax benefit.

[bsrsharma]

If you want to own a condo as a place to live for a long time, buying when it is cheaper than renting is a good time. It may not be the absolute lowest, but that doesn’t matter in the long run. Remember, you are borrowing and paying back in what is likely to be very weak $ in 10-15 years. More benefit when you count tax benefit.

[bsrsharma]

If you want to own a condo as a place to live for a long time, buying when it is cheaper than renting is a good time. It may not be the absolute lowest, but that doesn’t matter in the long run. Remember, you are borrowing and paying back in what is likely to be very weak $ in 10-15 years. More benefit when you count tax benefit.

[Author]

Posts