Falling interest rates

[jumbo]

I’m not seeing any discussion about the impact of falling interest rates. Jumbo 5 ARMs are out there at 5.85% or better. With 20% down and good credit, financing is not an issue.

Am I crazy to be considering making offers below the low end of asking in Carmel Valley in the $900-1.1M market or should I keep renting at $3500 a month?

[Bugs]

A $900k purchase w/ 20% down is still going to run you over $5,000 in PITI payments. That’s not even close to your rent and it doesn’t include your other costs of ownership. Wait till those prices drop to $700k or so, then you’ll have a choice to make.

[Bugs]

A $900k purchase w/ 20% down is still going to run you over $5,000 in PITI payments. That’s not even close to your rent and it doesn’t include your other costs of ownership. Wait till those prices drop to $700k or so, then you’ll have a choice to make.

[Bugs]

A $900k purchase w/ 20% down is still going to run you over $5,000 in PITI payments. That’s not even close to your rent and it doesn’t include your other costs of ownership. Wait till those prices drop to $700k or so, then you’ll have a choice to make.

[Bugs]

A $900k purchase w/ 20% down is still going to run you over $5,000 in PITI payments. That’s not even close to your rent and it doesn’t include your other costs of ownership. Wait till those prices drop to $700k or so, then you’ll have a choice to make.

[Bugs]

A $900k purchase w/ 20% down is still going to run you over $5,000 in PITI payments. That’s not even close to your rent and it doesn’t include your other costs of ownership. Wait till those prices drop to $700k or so, then you’ll have a choice to make.

[waiting for bottom]

I’m with you but Bugs is correct, you should wait until at least spring to see what happens.

I am waiting to buy in the Mariner’s Point section of Carlsbad. There are 5 houses for sale in the 850K range. I am new to the area, renting for $2800 in SEH, sitting on six-figure cash and waiting for a bottom.

Am I crazy to plan on buying in the spring or summer? If I could get 650-700K in my target area, I think I would…someone please set me straight.

[waiting for bottom]

I’m with you but Bugs is correct, you should wait until at least spring to see what happens.

I am waiting to buy in the Mariner’s Point section of Carlsbad. There are 5 houses for sale in the 850K range. I am new to the area, renting for $2800 in SEH, sitting on six-figure cash and waiting for a bottom.

Am I crazy to plan on buying in the spring or summer? If I could get 650-700K in my target area, I think I would…someone please set me straight.

[waiting for bottom]

I’m with you but Bugs is correct, you should wait until at least spring to see what happens.

I am waiting to buy in the Mariner’s Point section of Carlsbad. There are 5 houses for sale in the 850K range. I am new to the area, renting for $2800 in SEH, sitting on six-figure cash and waiting for a bottom.

Am I crazy to plan on buying in the spring or summer? If I could get 650-700K in my target area, I think I would…someone please set me straight.

[waiting for bottom]

I’m with you but Bugs is correct, you should wait until at least spring to see what happens.

I am waiting to buy in the Mariner’s Point section of Carlsbad. There are 5 houses for sale in the 850K range. I am new to the area, renting for $2800 in SEH, sitting on six-figure cash and waiting for a bottom.

Am I crazy to plan on buying in the spring or summer? If I could get 650-700K in my target area, I think I would…someone please set me straight.

[waiting for bottom]

I’m with you but Bugs is correct, you should wait until at least spring to see what happens.

I am waiting to buy in the Mariner’s Point section of Carlsbad. There are 5 houses for sale in the 850K range. I am new to the area, renting for $2800 in SEH, sitting on six-figure cash and waiting for a bottom.

Am I crazy to plan on buying in the spring or summer? If I could get 650-700K in my target area, I think I would…someone please set me straight.

[kev374]

A $900k purchase w/ 20% down is still going to run you over $5,000 in PITI payments.

don’t forget opportunity costs on that hefty down as well

[kev374]

A $900k purchase w/ 20% down is still going to run you over $5,000 in PITI payments.

don’t forget opportunity costs on that hefty down as well

[kev374]

A $900k purchase w/ 20% down is still going to run you over $5,000 in PITI payments.

don’t forget opportunity costs on that hefty down as well

[kev374]

A $900k purchase w/ 20% down is still going to run you over $5,000 in PITI payments.

don’t forget opportunity costs on that hefty down as well

[Author]

Posts