Just relocated to SD & want to move to Del Cerro area… buy or rent?

[poway_seller]

Unless you are set on the area, then inventory is pretty tight, although could be likely that more and more places at the bottom of the hill will come online. This Raymar place you are interested in is not distressed and seller doesn’t “have” to move. Although rumor is she has another place on the other side of College as well, so would likely be inclined to sell one of them. Perhaps you contact the seller directly and try to get her to sell you the other house that is not even listed yet.

[sdduuuude]

I think you’ll be much happier with a purchase if you rent for a while because you will learn about other areas you like, understand the market, and most likely increase your buying power.

The stress of buying when you are in temporary housing stinks, too. Less stressful looking for a rental, I think. Get a rental, let the lease turn over to a montly, then start looking so you are on month-to-month when you are house shopping.

[sdduuuude]

I think you’ll be much happier with a purchase if you rent for a while because you will learn about other areas you like, understand the market, and most likely increase your buying power.

The stress of buying when you are in temporary housing stinks, too. Less stressful looking for a rental, I think. Get a rental, let the lease turn over to a montly, then start looking so you are on month-to-month when you are house shopping.

[sdduuuude]

I think you’ll be much happier with a purchase if you rent for a while because you will learn about other areas you like, understand the market, and most likely increase your buying power.

The stress of buying when you are in temporary housing stinks, too. Less stressful looking for a rental, I think. Get a rental, let the lease turn over to a montly, then start looking so you are on month-to-month when you are house shopping.

[sdduuuude]

I think you’ll be much happier with a purchase if you rent for a while because you will learn about other areas you like, understand the market, and most likely increase your buying power.

The stress of buying when you are in temporary housing stinks, too. Less stressful looking for a rental, I think. Get a rental, let the lease turn over to a montly, then start looking so you are on month-to-month when you are house shopping.

[sdduuuude]

I think you’ll be much happier with a purchase if you rent for a while because you will learn about other areas you like, understand the market, and most likely increase your buying power.

The stress of buying when you are in temporary housing stinks, too. Less stressful looking for a rental, I think. Get a rental, let the lease turn over to a montly, then start looking so you are on month-to-month when you are house shopping.

[Diego Mamani]

Lmack: nowadays people are tired of throwing money away on mortgage payments! Especially considering that houses are depreciating assets and often houses are worth less than the mortgage debt.

If I were you I’d rent a nice house as close as possible to either your job or your hubby’s job, so that you can get home in minutes if needed. By renting for a couple of years you’ll get to know the neighborhoods, so in 2010 you can decide what’s the best area to buy in. Or you may decide to leave SD after all, the choice is yours and you’ll be free to make it (unlike the poor souls who are “trapped” and can’t sell their houses for what they paid).

My sister and her family (one kid plus another on the way) rented a house, not an apartment, for the last 3 years and were quite happy. Had they bought a house in 2005 they would have lost at least $150K-$200K in equity.

With the new baby coming, and the possibility of grandma staying with them for a few months at a time, they moved to a bigger place. They just signed a two-year lease, and I think that was smart of them.

[Diego Mamani]

Lmack: nowadays people are tired of throwing money away on mortgage payments! Especially considering that houses are depreciating assets and often houses are worth less than the mortgage debt.

If I were you I’d rent a nice house as close as possible to either your job or your hubby’s job, so that you can get home in minutes if needed. By renting for a couple of years you’ll get to know the neighborhoods, so in 2010 you can decide what’s the best area to buy in. Or you may decide to leave SD after all, the choice is yours and you’ll be free to make it (unlike the poor souls who are “trapped” and can’t sell their houses for what they paid).

My sister and her family (one kid plus another on the way) rented a house, not an apartment, for the last 3 years and were quite happy. Had they bought a house in 2005 they would have lost at least $150K-$200K in equity.

With the new baby coming, and the possibility of grandma staying with them for a few months at a time, they moved to a bigger place. They just signed a two-year lease, and I think that was smart of them.

[Diego Mamani]

Lmack: nowadays people are tired of throwing money away on mortgage payments! Especially considering that houses are depreciating assets and often houses are worth less than the mortgage debt.

If I were you I’d rent a nice house as close as possible to either your job or your hubby’s job, so that you can get home in minutes if needed. By renting for a couple of years you’ll get to know the neighborhoods, so in 2010 you can decide what’s the best area to buy in. Or you may decide to leave SD after all, the choice is yours and you’ll be free to make it (unlike the poor souls who are “trapped” and can’t sell their houses for what they paid).

My sister and her family (one kid plus another on the way) rented a house, not an apartment, for the last 3 years and were quite happy. Had they bought a house in 2005 they would have lost at least $150K-$200K in equity.

With the new baby coming, and the possibility of grandma staying with them for a few months at a time, they moved to a bigger place. They just signed a two-year lease, and I think that was smart of them.

[Diego Mamani]

Lmack: nowadays people are tired of throwing money away on mortgage payments! Especially considering that houses are depreciating assets and often houses are worth less than the mortgage debt.

If I were you I’d rent a nice house as close as possible to either your job or your hubby’s job, so that you can get home in minutes if needed. By renting for a couple of years you’ll get to know the neighborhoods, so in 2010 you can decide what’s the best area to buy in. Or you may decide to leave SD after all, the choice is yours and you’ll be free to make it (unlike the poor souls who are “trapped” and can’t sell their houses for what they paid).

My sister and her family (one kid plus another on the way) rented a house, not an apartment, for the last 3 years and were quite happy. Had they bought a house in 2005 they would have lost at least $150K-$200K in equity.

With the new baby coming, and the possibility of grandma staying with them for a few months at a time, they moved to a bigger place. They just signed a two-year lease, and I think that was smart of them.

[Diego Mamani]

Lmack: nowadays people are tired of throwing money away on mortgage payments! Especially considering that houses are depreciating assets and often houses are worth less than the mortgage debt.

If I were you I’d rent a nice house as close as possible to either your job or your hubby’s job, so that you can get home in minutes if needed. By renting for a couple of years you’ll get to know the neighborhoods, so in 2010 you can decide what’s the best area to buy in. Or you may decide to leave SD after all, the choice is yours and you’ll be free to make it (unlike the poor souls who are “trapped” and can’t sell their houses for what they paid).

My sister and her family (one kid plus another on the way) rented a house, not an apartment, for the last 3 years and were quite happy. Had they bought a house in 2005 they would have lost at least $150K-$200K in equity.

With the new baby coming, and the possibility of grandma staying with them for a few months at a time, they moved to a bigger place. They just signed a two-year lease, and I think that was smart of them.

[DWCAP]

Gotta love that “throwing money away on rent” phylosophy. It has probly saved you tens if not hundreds of thousands of dollars in lost equity you would have taken by moving right now from just about anywhere in the country.

I dont know where you moved from, but if it was anywhere in CA,FL AZ, NV, the upper-midwest, or certain cities like St. Paul or Atlanta you should be thanking your lucky stars you were a renter. Either you wouldnt have that 200k DP, or you would still be where you use to be dreaming about the job that got away because you couldnt sell your house. Frame it in that context and renting is prob the single smartest thing you have done in the past few years.

Needless to say, I think your husband has the right idea.

[DWCAP]

Gotta love that “throwing money away on rent” phylosophy. It has probly saved you tens if not hundreds of thousands of dollars in lost equity you would have taken by moving right now from just about anywhere in the country.

I dont know where you moved from, but if it was anywhere in CA,FL AZ, NV, the upper-midwest, or certain cities like St. Paul or Atlanta you should be thanking your lucky stars you were a renter. Either you wouldnt have that 200k DP, or you would still be where you use to be dreaming about the job that got away because you couldnt sell your house. Frame it in that context and renting is prob the single smartest thing you have done in the past few years.

Needless to say, I think your husband has the right idea.

[DWCAP]

Gotta love that “throwing money away on rent” phylosophy. It has probly saved you tens if not hundreds of thousands of dollars in lost equity you would have taken by moving right now from just about anywhere in the country.

I dont know where you moved from, but if it was anywhere in CA,FL AZ, NV, the upper-midwest, or certain cities like St. Paul or Atlanta you should be thanking your lucky stars you were a renter. Either you wouldnt have that 200k DP, or you would still be where you use to be dreaming about the job that got away because you couldnt sell your house. Frame it in that context and renting is prob the single smartest thing you have done in the past few years.

Needless to say, I think your husband has the right idea.

[DWCAP]

Gotta love that “throwing money away on rent” phylosophy. It has probly saved you tens if not hundreds of thousands of dollars in lost equity you would have taken by moving right now from just about anywhere in the country.

I dont know where you moved from, but if it was anywhere in CA,FL AZ, NV, the upper-midwest, or certain cities like St. Paul or Atlanta you should be thanking your lucky stars you were a renter. Either you wouldnt have that 200k DP, or you would still be where you use to be dreaming about the job that got away because you couldnt sell your house. Frame it in that context and renting is prob the single smartest thing you have done in the past few years.

Needless to say, I think your husband has the right idea.

[Author]

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