Home buyers on the sidelines check in!

[Ricechex]

Neighborhoods Considering: North Park, South Park
Condo/House: House
Price Range: $325K
Size Range: 800 SF or more (yeah right), garage, and yard
Currently (Rent/Own): Rent and Own. Rent house in North Park, and own house with someone else in City Heights…that is rented out.
Shopping the Market?: Nope. Watching and waiting. I think March-August 2008

[Ricechex]

Neighborhoods Considering: North Park, South Park
Condo/House: House
Price Range: $325K
Size Range: 800 SF or more (yeah right), garage, and yard
Currently (Rent/Own): Rent and Own. Rent house in North Park, and own house with someone else in City Heights…that is rented out.
Shopping the Market?: Nope. Watching and waiting. I think March-August 2008

[patientrenter]

Neighborhoods: Costa Mesa, Huntington Beach, Irvine, Mission Viejo, Laguna Niguel, Aliso Viejo, Lake Forest
Condo/House: Condo
Price Range: $190K now, $300K next year
Size Range: 800-1200 sq ft, 2bd + garage
Currently (Rent/Own): Rent
Shopping the Market?: Just internet and newspaper. Real places and prices are still too depressing.

Patient renter in OC

[patientrenter]

Neighborhoods: Costa Mesa, Huntington Beach, Irvine, Mission Viejo, Laguna Niguel, Aliso Viejo, Lake Forest
Condo/House: Condo
Price Range: $190K now, $300K next year
Size Range: 800-1200 sq ft, 2bd + garage
Currently (Rent/Own): Rent
Shopping the Market?: Just internet and newspaper. Real places and prices are still too depressing.

Patient renter in OC

[novice1027]

Anything coastal, no more than 5 mi inland.
House
$300-$500k
10,000 sq ft lot or >, 4 bdrms and family room
currently own, won’t sell
not shopping now

[novice1027]

Anything coastal, no more than 5 mi inland.
House
$300-$500k
10,000 sq ft lot or >, 4 bdrms and family room
currently own, won’t sell
not shopping now

[SD Transplant]

Neighborhoods Considering: Sorrento Valley, Carmel Valley, Mira Mesa, old Scripps, Rancho Penasquitos, Condo/House: SFR
Price Range: $350-$500K
Size Range: 1800-2500 sq-ft
Currently: Rent

[SD Transplant]

Neighborhoods Considering: Sorrento Valley, Carmel Valley, Mira Mesa, old Scripps, Rancho Penasquitos, Condo/House: SFR
Price Range: $350-$500K
Size Range: 1800-2500 sq-ft
Currently: Rent

[cashflow]

Neighborhoods Considering: Poway
Condo/House: House with some land
Price Range: under 650K
Size Range: 1700+
Currently (Rent/Own): Rent
Shopping the Market?: I keep looking online as I am watching to see if the inventory for our specific criteria ticks up…it hasn’t yet. If we are unable to find a home with some land than we may settle for a regular SFR with a large lot in the Poway, RB, Rancho Penas. areas. We also had looked at the Temecula area as we have family there, but not convinced the commute is even feasible. So we’ll see how it plays out. We are hoping to find something by end of ’08.

[cashflow]

Neighborhoods Considering: Poway
Condo/House: House with some land
Price Range: under 650K
Size Range: 1700+
Currently (Rent/Own): Rent
Shopping the Market?: I keep looking online as I am watching to see if the inventory for our specific criteria ticks up…it hasn’t yet. If we are unable to find a home with some land than we may settle for a regular SFR with a large lot in the Poway, RB, Rancho Penas. areas. We also had looked at the Temecula area as we have family there, but not convinced the commute is even feasible. So we’ll see how it plays out. We are hoping to find something by end of ’08.

[BuyerWillEPB]

I’m with Noone:

Neighborhoods Considering: Mira Mesa, Clairemont, Linda Vista, Serra Mesa.

Condo/House: SFR

Price Range: $300K – $350K (No, that’s not dreaming. Check your Zillow.com charts, it’s the pre-bubble price. Also, to follow the 3x annual income rule, family households would need to earn about $100,000/year to actually afford even a $300K house. Also, if you look at a home price appreciation graph (again Zillow graph works) and extrapolate the “normal” appreciation line (say 1996 – 2001) out to 2007, the line will be near $300K today. All indicators point to an average price of $300,000 in the normal (i.e. not Encanto) average family neighborhoods.)

Size Range: 1200 – 1500 sf

Currently: renting cheap apartment

Shopping the Market?: More like watching the market. “Shopping” would imply willingness to buy, but we are not willing (or able) to pay the current insane prices.

[BuyerWillEPB]

I’m with Noone:

Neighborhoods Considering: Mira Mesa, Clairemont, Linda Vista, Serra Mesa.

Condo/House: SFR

Price Range: $300K – $350K (No, that’s not dreaming. Check your Zillow.com charts, it’s the pre-bubble price. Also, to follow the 3x annual income rule, family households would need to earn about $100,000/year to actually afford even a $300K house. Also, if you look at a home price appreciation graph (again Zillow graph works) and extrapolate the “normal” appreciation line (say 1996 – 2001) out to 2007, the line will be near $300K today. All indicators point to an average price of $300,000 in the normal (i.e. not Encanto) average family neighborhoods.)

Size Range: 1200 – 1500 sf

Currently: renting cheap apartment

Shopping the Market?: More like watching the market. “Shopping” would imply willingness to buy, but we are not willing (or able) to pay the current insane prices.

[cyphire]

Neighborhoods considering: Birdrock, Lower Hermosa (LJ), possibly Del Mar.
House/Condo: House with privacy
Size: 2,500-4,000 sq ft.
Price: 1.4M-2.5M
Rent/Own: Sold house in Olivenhain in 2006, renting now.
Shopping the Market?: We have been looking hard and have decided that we will rent for 2 years, possibly 4-5. Renting a great house at 40% (nut) vs.owning. Hoping that prices steadily drop and interest rates go up (for personal goals, not for pain in others). Believe that the air will keep getting let out of the tires as more and more economic issues keep playing out in the market. Had 2 acres, more interested in short walks to town, ocean view, NO MAJOR CONSTRUCTION PROJECTS!

[cyphire]

Neighborhoods considering: Birdrock, Lower Hermosa (LJ), possibly Del Mar.
House/Condo: House with privacy
Size: 2,500-4,000 sq ft.
Price: 1.4M-2.5M
Rent/Own: Sold house in Olivenhain in 2006, renting now.
Shopping the Market?: We have been looking hard and have decided that we will rent for 2 years, possibly 4-5. Renting a great house at 40% (nut) vs.owning. Hoping that prices steadily drop and interest rates go up (for personal goals, not for pain in others). Believe that the air will keep getting let out of the tires as more and more economic issues keep playing out in the market. Had 2 acres, more interested in short walks to town, ocean view, NO MAJOR CONSTRUCTION PROJECTS!

[zk]

Neighborhoods Considering: Carmel Valley
Condo/House: House
Price Range: Either 1 at up to $1.2M or two or more less expensive ones, depending on what happens to the market and what the boss says.
Size Range: 2000-3000 sf
Currently (Rent/Own): Rent a lovely house at below-market rent in CV.
Shopping the Market?: Keeping a very close eye on the market, mostly just so we’re continuously aware of what’s happening. Not planning on buying for 2-5 years.

[Author]

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