I really really really want to buy, soon

[bob2007]

I don’t think it is a terrible time to buy if it is a place you really like.

That said, if you are 29 and single, I would not be in a hurry to buy something. I don’t think prices will drop as dramatically as many here say, but I do feel strongly that they won’t go up. So, if you are single, 29, and chances are prices won’t go up, I would wait.

If you buy now, you want to avoid situations which would lead to selling too early. New job, relationships, etc.

[Ren]

125, the only way you will me able to build equity and leverage up into larger homes is to start somewhere.

I laughed out loud at this. You say it like he would actually be building equity from the start.

Or you can just rent like all these others and spend your time on this board trying to convince others not to make a good decision.

How is buying on the downside and watching a $120k down payment evaporate in two years a “good decision”? Why NOT wait until prices level out, when you can save that $120k and tens of thousands more by renting and live exactly the same lifestyle, and then have a larger down payment on a cheaper house and have actual equity from the beginning?

Personally, the satisfaction of ownership is not a good enough reason to make the decision to buy now. The pros of waiting so far outweigh the cons that it’s not even a question for me.

[Ren]

125, the only way you will me able to build equity and leverage up into larger homes is to start somewhere.

I laughed out loud at this. You say it like he would actually be building equity from the start.

Or you can just rent like all these others and spend your time on this board trying to convince others not to make a good decision.

How is buying on the downside and watching a $120k down payment evaporate in two years a “good decision”? Why NOT wait until prices level out, when you can save that $120k and tens of thousands more by renting and live exactly the same lifestyle, and then have a larger down payment on a cheaper house and have actual equity from the beginning?

Personally, the satisfaction of ownership is not a good enough reason to make the decision to buy now. The pros of waiting so far outweigh the cons that it’s not even a question for me.

[Ren]

125, the only way you will me able to build equity and leverage up into larger homes is to start somewhere.

I laughed out loud at this. You say it like he would actually be building equity from the start.

Or you can just rent like all these others and spend your time on this board trying to convince others not to make a good decision.

How is buying on the downside and watching a $120k down payment evaporate in two years a “good decision”? Why NOT wait until prices level out, when you can save that $120k and tens of thousands more by renting and live exactly the same lifestyle, and then have a larger down payment on a cheaper house and have actual equity from the beginning?

Personally, the satisfaction of ownership is not a good enough reason to make the decision to buy now. The pros of waiting so far outweigh the cons that it’s not even a question for me.

[Ren]

125, the only way you will me able to build equity and leverage up into larger homes is to start somewhere.

I laughed out loud at this. You say it like he would actually be building equity from the start.

Or you can just rent like all these others and spend your time on this board trying to convince others not to make a good decision.

How is buying on the downside and watching a $120k down payment evaporate in two years a “good decision”? Why NOT wait until prices level out, when you can save that $120k and tens of thousands more by renting and live exactly the same lifestyle, and then have a larger down payment on a cheaper house and have actual equity from the beginning?

Personally, the satisfaction of ownership is not a good enough reason to make the decision to buy now. The pros of waiting so far outweigh the cons that it’s not even a question for me.

[Ren]

125, the only way you will me able to build equity and leverage up into larger homes is to start somewhere.

I laughed out loud at this. You say it like he would actually be building equity from the start.

Or you can just rent like all these others and spend your time on this board trying to convince others not to make a good decision.

How is buying on the downside and watching a $120k down payment evaporate in two years a “good decision”? Why NOT wait until prices level out, when you can save that $120k and tens of thousands more by renting and live exactly the same lifestyle, and then have a larger down payment on a cheaper house and have actual equity from the beginning?

Personally, the satisfaction of ownership is not a good enough reason to make the decision to buy now. The pros of waiting so far outweigh the cons that it’s not even a question for me.

[The OC Scam]

SD R

Yes we are very happy and it was for the family and the neighborhood to stay for as long as possible and based on the reasons I had wished to buy a house for years now!

[The OC Scam]

SD R

Yes we are very happy and it was for the family and the neighborhood to stay for as long as possible and based on the reasons I had wished to buy a house for years now!

[The OC Scam]

SD R

Yes we are very happy and it was for the family and the neighborhood to stay for as long as possible and based on the reasons I had wished to buy a house for years now!

[The OC Scam]

SD R

Yes we are very happy and it was for the family and the neighborhood to stay for as long as possible and based on the reasons I had wished to buy a house for years now!

[The OC Scam]

SD R

Yes we are very happy and it was for the family and the neighborhood to stay for as long as possible and based on the reasons I had wished to buy a house for years now!

[Anonymous]

RatherOpionated you should change your name to RatherClueless. Value is a realtive factor. Were you also advocating buying tech stocks in 2000 with P/E multiples of over 100?

Ultimataly prices will correct to within normal historical levels based on income and other factors. That is historical for San Diego, nothing to do with other cities.

That’s why if you want to look in the crystal ball and get a ballpark estimate for what houses SHOULD and WILL be selling for, look at sales prices in San Diego from 1999-2000 timeframe and adjust for inflation.

[Anonymous]

RatherOpionated you should change your name to RatherClueless. Value is a realtive factor. Were you also advocating buying tech stocks in 2000 with P/E multiples of over 100?

Ultimataly prices will correct to within normal historical levels based on income and other factors. That is historical for San Diego, nothing to do with other cities.

That’s why if you want to look in the crystal ball and get a ballpark estimate for what houses SHOULD and WILL be selling for, look at sales prices in San Diego from 1999-2000 timeframe and adjust for inflation.

[Anonymous]

RatherOpionated you should change your name to RatherClueless. Value is a realtive factor. Were you also advocating buying tech stocks in 2000 with P/E multiples of over 100?

Ultimataly prices will correct to within normal historical levels based on income and other factors. That is historical for San Diego, nothing to do with other cities.

That’s why if you want to look in the crystal ball and get a ballpark estimate for what houses SHOULD and WILL be selling for, look at sales prices in San Diego from 1999-2000 timeframe and adjust for inflation.

[Anonymous]

RatherOpionated you should change your name to RatherClueless. Value is a realtive factor. Were you also advocating buying tech stocks in 2000 with P/E multiples of over 100?

Ultimataly prices will correct to within normal historical levels based on income and other factors. That is historical for San Diego, nothing to do with other cities.

That’s why if you want to look in the crystal ball and get a ballpark estimate for what houses SHOULD and WILL be selling for, look at sales prices in San Diego from 1999-2000 timeframe and adjust for inflation.

[Author]

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