Home › Forums › Housing › My girlfriend wants to buy a condo in north county. But what do the Piggs say?
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March 9, 2009 at 9:01 AM #363220March 9, 2009 at 9:36 AM #362641barnaby33Participant
My girlfriend rents a condo in Del Mar over by Torrey Pines High School. She pays about $1600 a month for a 2 bedroom/2 bath (about 1000 sq ft).
She doesn’t rent, her company rents it for her. I actually understand why she’d want to buy. Like lots of people she sees prices have come down and she has been inured (through years of marketing) to think ownership is the way to go. However several things you’ve pointed out scream rent don’t buy. They are
- Included rent.
- Limited down payment.
- Can’t find anything she’d be happy with in her price range, or even close to it.
- A certainty of declining prices in the near future.
Even assuming her job is secure, she doesn’t seem like a good candidate to buy at this time. I suspect without knowing, nesting is a large part of it.
Josh
March 9, 2009 at 9:36 AM #362932barnaby33ParticipantMy girlfriend rents a condo in Del Mar over by Torrey Pines High School. She pays about $1600 a month for a 2 bedroom/2 bath (about 1000 sq ft).
She doesn’t rent, her company rents it for her. I actually understand why she’d want to buy. Like lots of people she sees prices have come down and she has been inured (through years of marketing) to think ownership is the way to go. However several things you’ve pointed out scream rent don’t buy. They are
- Included rent.
- Limited down payment.
- Can’t find anything she’d be happy with in her price range, or even close to it.
- A certainty of declining prices in the near future.
Even assuming her job is secure, she doesn’t seem like a good candidate to buy at this time. I suspect without knowing, nesting is a large part of it.
Josh
March 9, 2009 at 9:36 AM #363086barnaby33ParticipantMy girlfriend rents a condo in Del Mar over by Torrey Pines High School. She pays about $1600 a month for a 2 bedroom/2 bath (about 1000 sq ft).
She doesn’t rent, her company rents it for her. I actually understand why she’d want to buy. Like lots of people she sees prices have come down and she has been inured (through years of marketing) to think ownership is the way to go. However several things you’ve pointed out scream rent don’t buy. They are
- Included rent.
- Limited down payment.
- Can’t find anything she’d be happy with in her price range, or even close to it.
- A certainty of declining prices in the near future.
Even assuming her job is secure, she doesn’t seem like a good candidate to buy at this time. I suspect without knowing, nesting is a large part of it.
Josh
March 9, 2009 at 9:36 AM #363126barnaby33ParticipantMy girlfriend rents a condo in Del Mar over by Torrey Pines High School. She pays about $1600 a month for a 2 bedroom/2 bath (about 1000 sq ft).
She doesn’t rent, her company rents it for her. I actually understand why she’d want to buy. Like lots of people she sees prices have come down and she has been inured (through years of marketing) to think ownership is the way to go. However several things you’ve pointed out scream rent don’t buy. They are
- Included rent.
- Limited down payment.
- Can’t find anything she’d be happy with in her price range, or even close to it.
- A certainty of declining prices in the near future.
Even assuming her job is secure, she doesn’t seem like a good candidate to buy at this time. I suspect without knowing, nesting is a large part of it.
Josh
March 9, 2009 at 9:36 AM #363235barnaby33ParticipantMy girlfriend rents a condo in Del Mar over by Torrey Pines High School. She pays about $1600 a month for a 2 bedroom/2 bath (about 1000 sq ft).
She doesn’t rent, her company rents it for her. I actually understand why she’d want to buy. Like lots of people she sees prices have come down and she has been inured (through years of marketing) to think ownership is the way to go. However several things you’ve pointed out scream rent don’t buy. They are
- Included rent.
- Limited down payment.
- Can’t find anything she’d be happy with in her price range, or even close to it.
- A certainty of declining prices in the near future.
Even assuming her job is secure, she doesn’t seem like a good candidate to buy at this time. I suspect without knowing, nesting is a large part of it.
Josh
March 9, 2009 at 10:01 AM #362651peterbParticipantWhenever I’ve sold a house to a couple, the woman really was the decision-maker. Single women own way more homes than single men. They want to own even when it may not make any financial sense. As now. Be careful here. The company is paying for rent and the market is going down hill. Save money and wait.
March 9, 2009 at 10:01 AM #362942peterbParticipantWhenever I’ve sold a house to a couple, the woman really was the decision-maker. Single women own way more homes than single men. They want to own even when it may not make any financial sense. As now. Be careful here. The company is paying for rent and the market is going down hill. Save money and wait.
March 9, 2009 at 10:01 AM #363096peterbParticipantWhenever I’ve sold a house to a couple, the woman really was the decision-maker. Single women own way more homes than single men. They want to own even when it may not make any financial sense. As now. Be careful here. The company is paying for rent and the market is going down hill. Save money and wait.
March 9, 2009 at 10:01 AM #363136peterbParticipantWhenever I’ve sold a house to a couple, the woman really was the decision-maker. Single women own way more homes than single men. They want to own even when it may not make any financial sense. As now. Be careful here. The company is paying for rent and the market is going down hill. Save money and wait.
March 9, 2009 at 10:01 AM #363245peterbParticipantWhenever I’ve sold a house to a couple, the woman really was the decision-maker. Single women own way more homes than single men. They want to own even when it may not make any financial sense. As now. Be careful here. The company is paying for rent and the market is going down hill. Save money and wait.
March 9, 2009 at 10:09 AM #362661unbiasedobserverParticipantI used to live by an adult fully supported by her parents who ‘worked’ for the family business so the rent and car could be paid for in a tax-deductible fashion. She used to brag about ‘her’ townhouse, one time I asked her what the HOA fee was, she didn’t have a clue but she said she would ask her daddy and get back to me. She was home 95% of the time IIRC.
March 9, 2009 at 10:09 AM #362953unbiasedobserverParticipantI used to live by an adult fully supported by her parents who ‘worked’ for the family business so the rent and car could be paid for in a tax-deductible fashion. She used to brag about ‘her’ townhouse, one time I asked her what the HOA fee was, she didn’t have a clue but she said she would ask her daddy and get back to me. She was home 95% of the time IIRC.
March 9, 2009 at 10:09 AM #363107unbiasedobserverParticipantI used to live by an adult fully supported by her parents who ‘worked’ for the family business so the rent and car could be paid for in a tax-deductible fashion. She used to brag about ‘her’ townhouse, one time I asked her what the HOA fee was, she didn’t have a clue but she said she would ask her daddy and get back to me. She was home 95% of the time IIRC.
March 9, 2009 at 10:09 AM #363146unbiasedobserverParticipantI used to live by an adult fully supported by her parents who ‘worked’ for the family business so the rent and car could be paid for in a tax-deductible fashion. She used to brag about ‘her’ townhouse, one time I asked her what the HOA fee was, she didn’t have a clue but she said she would ask her daddy and get back to me. She was home 95% of the time IIRC.
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