Housing won’t hit bottom ’til 2012

[sdrealtor]

DZ
Just curious as to where you live. I bet I could find something there that made sense.

[jpinpb]

[quote=deadzone]Regarding your post. If you can find a place to buy that you are happy with, and payments are cheaper than rent, then go for it. Nobody even in the bear camp will argue that.

But, just keep in mind that the probability is that the value will go down. So, as long as you stay for a long time in this house, shouldn’t be a factor. But, if this isn’t your “dream” house and you have ambitions to “move up” in a few years, forget it, this most likely won’t be a possibility.

Most of the “screaming deals” today are not in the premium coastal areas that some of us live. In my neighborhood it is still WAY cheaper to rent.[/quote]

Couldn’t agree more w/everything you said.

[jpinpb]

[quote=deadzone]Regarding your post. If you can find a place to buy that you are happy with, and payments are cheaper than rent, then go for it. Nobody even in the bear camp will argue that.

But, just keep in mind that the probability is that the value will go down. So, as long as you stay for a long time in this house, shouldn’t be a factor. But, if this isn’t your “dream” house and you have ambitions to “move up” in a few years, forget it, this most likely won’t be a possibility.

Most of the “screaming deals” today are not in the premium coastal areas that some of us live. In my neighborhood it is still WAY cheaper to rent.[/quote]

Couldn’t agree more w/everything you said.

[jpinpb]

[quote=deadzone]Regarding your post. If you can find a place to buy that you are happy with, and payments are cheaper than rent, then go for it. Nobody even in the bear camp will argue that.

But, just keep in mind that the probability is that the value will go down. So, as long as you stay for a long time in this house, shouldn’t be a factor. But, if this isn’t your “dream” house and you have ambitions to “move up” in a few years, forget it, this most likely won’t be a possibility.

Most of the “screaming deals” today are not in the premium coastal areas that some of us live. In my neighborhood it is still WAY cheaper to rent.[/quote]

Couldn’t agree more w/everything you said.

[jpinpb]

[quote=deadzone]Regarding your post. If you can find a place to buy that you are happy with, and payments are cheaper than rent, then go for it. Nobody even in the bear camp will argue that.

But, just keep in mind that the probability is that the value will go down. So, as long as you stay for a long time in this house, shouldn’t be a factor. But, if this isn’t your “dream” house and you have ambitions to “move up” in a few years, forget it, this most likely won’t be a possibility.

Most of the “screaming deals” today are not in the premium coastal areas that some of us live. In my neighborhood it is still WAY cheaper to rent.[/quote]

Couldn’t agree more w/everything you said.

[jpinpb]

[quote=deadzone]Regarding your post. If you can find a place to buy that you are happy with, and payments are cheaper than rent, then go for it. Nobody even in the bear camp will argue that.

But, just keep in mind that the probability is that the value will go down. So, as long as you stay for a long time in this house, shouldn’t be a factor. But, if this isn’t your “dream” house and you have ambitions to “move up” in a few years, forget it, this most likely won’t be a possibility.

Most of the “screaming deals” today are not in the premium coastal areas that some of us live. In my neighborhood it is still WAY cheaper to rent.[/quote]

Couldn’t agree more w/everything you said.

[Anonymous]

No, seriously it isn’t even close in La Jolla (or PB, or Pt Loma, etc..). Recently things are starting to inch down, but still looking at 2003-2004 prices. The rent vs own comparison is no contest. Only reasonable prices in La Jolla (relatively speaking) are for run-down places, or on the landslide area of Soledad, or places with ridiculous (> $500) HOAs so the economics just don’t make sense vs renting.

[Anonymous]

No, seriously it isn’t even close in La Jolla (or PB, or Pt Loma, etc..). Recently things are starting to inch down, but still looking at 2003-2004 prices. The rent vs own comparison is no contest. Only reasonable prices in La Jolla (relatively speaking) are for run-down places, or on the landslide area of Soledad, or places with ridiculous (> $500) HOAs so the economics just don’t make sense vs renting.

[Anonymous]

No, seriously it isn’t even close in La Jolla (or PB, or Pt Loma, etc..). Recently things are starting to inch down, but still looking at 2003-2004 prices. The rent vs own comparison is no contest. Only reasonable prices in La Jolla (relatively speaking) are for run-down places, or on the landslide area of Soledad, or places with ridiculous (> $500) HOAs so the economics just don’t make sense vs renting.

[Anonymous]

No, seriously it isn’t even close in La Jolla (or PB, or Pt Loma, etc..). Recently things are starting to inch down, but still looking at 2003-2004 prices. The rent vs own comparison is no contest. Only reasonable prices in La Jolla (relatively speaking) are for run-down places, or on the landslide area of Soledad, or places with ridiculous (> $500) HOAs so the economics just don’t make sense vs renting.

[Anonymous]

No, seriously it isn’t even close in La Jolla (or PB, or Pt Loma, etc..). Recently things are starting to inch down, but still looking at 2003-2004 prices. The rent vs own comparison is no contest. Only reasonable prices in La Jolla (relatively speaking) are for run-down places, or on the landslide area of Soledad, or places with ridiculous (> $500) HOAs so the economics just don’t make sense vs renting.

[Coronita]

[quote=deadzone]No, seriously it isn’t even close in La Jolla (or PB, or Pt Loma, etc..). Recently things are starting to inch down, but still looking at 2003-2004 prices. The rent vs own comparison is no contest. Only reasonable prices in La Jolla (relatively speaking) are for run-down places, or on the landslide area of Soledad, or places with ridiculous (> $500) HOAs so the economics just don’t make sense vs renting.[/quote]

I think problem # 1 is you’re looking at the attached markets.

[Coronita]

[quote=deadzone]No, seriously it isn’t even close in La Jolla (or PB, or Pt Loma, etc..). Recently things are starting to inch down, but still looking at 2003-2004 prices. The rent vs own comparison is no contest. Only reasonable prices in La Jolla (relatively speaking) are for run-down places, or on the landslide area of Soledad, or places with ridiculous (> $500) HOAs so the economics just don’t make sense vs renting.[/quote]

I think problem # 1 is you’re looking at the attached markets.

[Coronita]

[quote=deadzone]No, seriously it isn’t even close in La Jolla (or PB, or Pt Loma, etc..). Recently things are starting to inch down, but still looking at 2003-2004 prices. The rent vs own comparison is no contest. Only reasonable prices in La Jolla (relatively speaking) are for run-down places, or on the landslide area of Soledad, or places with ridiculous (> $500) HOAs so the economics just don’t make sense vs renting.[/quote]

I think problem # 1 is you’re looking at the attached markets.

[Coronita]

[quote=deadzone]No, seriously it isn’t even close in La Jolla (or PB, or Pt Loma, etc..). Recently things are starting to inch down, but still looking at 2003-2004 prices. The rent vs own comparison is no contest. Only reasonable prices in La Jolla (relatively speaking) are for run-down places, or on the landslide area of Soledad, or places with ridiculous (> $500) HOAs so the economics just don’t make sense vs renting.[/quote]

I think problem # 1 is you’re looking at the attached markets.

[Author]

Posts