[quote=Looking2buysoon]Across the street they have some nice townhomes that are selling between 300 and 400k. I wish I could afford one. I have been watching them for over a year and the prices do not go down.
I dont know how the heck people can buy these places. Thanks to all who shared some advice on here.[/quote]
Look at it this way. There are three types of people who bought/buy those townhomes – 1) those who overextended themselves and are likely to end up in foreclosure; 2) those who can afford it but for whom a relatively common occurance (job loss, major plumbing issue, accident, whatever) would be financially devastating, and may very well end up in foreclosure; and 3) those who can easily afford it and could handle a catastrophe or two. Maybe they qualified to buy a $500k home but wisely chose a $350k one instead.
Which are you?
Personally, I wouldn’t even remotely consider buying any property unless it had decent positive cash flow as a rental (a few hundred at least). If that means putting a lot more down, and I don’t have that much to put down, then in my mind I can’t afford that property. I should be able to live under a bridge and eat at a shelter and still have someone else help finance my retirement.
[quote=saiine]I miss being so close to work. Ironically, I live in CV but work in KM :)[/quote]
My co worker drives from Hemet to Kearny Mesa everyday. He bought a huge house out in the middle of no where and his wife gets to stay home with his two kids everyday.
He says the drive is not bad and listens to a ton of audio books to help pass the time in his car. If the freeway has no accidents he says it takes him about an hour and a half one way.
[quote=saiine]I miss being so close to work. Ironically, I live in CV but work in KM :)[/quote]
My co worker drives from Hemet to Kearny Mesa everyday. He bought a huge house out in the middle of no where and his wife gets to stay home with his two kids everyday.
He says the drive is not bad and listens to a ton of audio books to help pass the time in his car. If the freeway has no accidents he says it takes him about an hour and a half one way.
[quote=saiine]I miss being so close to work. Ironically, I live in CV but work in KM :)[/quote]
My co worker drives from Hemet to Kearny Mesa everyday. He bought a huge house out in the middle of no where and his wife gets to stay home with his two kids everyday.
He says the drive is not bad and listens to a ton of audio books to help pass the time in his car. If the freeway has no accidents he says it takes him about an hour and a half one way.
[quote=saiine]I miss being so close to work. Ironically, I live in CV but work in KM :)[/quote]
My co worker drives from Hemet to Kearny Mesa everyday. He bought a huge house out in the middle of no where and his wife gets to stay home with his two kids everyday.
He says the drive is not bad and listens to a ton of audio books to help pass the time in his car. If the freeway has no accidents he says it takes him about an hour and a half one way.
.
