New Pigg student… looking to buy in Poway

[biggoldbear]

Any ideas of %down from now? Solely thinking financially, I would wait at least a year for things to settle. That being said, we would still really like to get in a house sooner rather than later. What price would you think is/will be reasonable for ~1500sf range? If we could get catch a deal on a foreclosure now, I’m hoping we could mitigate most of the short term losses (in the next year or so) and making up the rest in sweat equity. Do you guys foresee another 20% drop in prices, i.e. prices under 300k for that area? I think it’s possible with any big event in the economy, but long term I feel like the prices are getting close to reasonable… i.e. 2 working adults with decent jobs can afford it on a fixed 30yr. mortgage.

Sorry, I’m rambling a bit now. Basically, I’m asking how much lower do you expect Poway to go? Also, if we got a decent deal on a “fixer upper” do you think we’d be upside down after ~5yrs?

[sdrealtor]

You should change your name to “powaybuyer”. You’d be a lot more popular around here.

[sdrealtor]

You should change your name to “powaybuyer”. You’d be a lot more popular around here.

[sdrealtor]

You should change your name to “powaybuyer”. You’d be a lot more popular around here.

[sdrealtor]

You should change your name to “powaybuyer”. You’d be a lot more popular around here.

[sdrealtor]

You should change your name to “powaybuyer”. You’d be a lot more popular around here.

[(former)FormerSanDiegan]

I second sdrealtor’s suggestion.

I’m no Poway expert, but here’s my generic advice …

IF you can find a place that suits your needs and price

and

IF you could potentially rent this out and nearly break even (a fall back plan in case of lost job, etc)

Then …

Consider buying.
The ability to rent it out is a backstop or fall back plan. But, I wouldn’t consider buying anything until at least late summer/early fall (Sept or later) to take advantage of seasonal effects.

[(former)FormerSanDiegan]

I second sdrealtor’s suggestion.

I’m no Poway expert, but here’s my generic advice …

IF you can find a place that suits your needs and price

and

IF you could potentially rent this out and nearly break even (a fall back plan in case of lost job, etc)

Then …

Consider buying.
The ability to rent it out is a backstop or fall back plan. But, I wouldn’t consider buying anything until at least late summer/early fall (Sept or later) to take advantage of seasonal effects.

[(former)FormerSanDiegan]

I second sdrealtor’s suggestion.

I’m no Poway expert, but here’s my generic advice …

IF you can find a place that suits your needs and price

and

IF you could potentially rent this out and nearly break even (a fall back plan in case of lost job, etc)

Then …

Consider buying.
The ability to rent it out is a backstop or fall back plan. But, I wouldn’t consider buying anything until at least late summer/early fall (Sept or later) to take advantage of seasonal effects.

[(former)FormerSanDiegan]

I second sdrealtor’s suggestion.

I’m no Poway expert, but here’s my generic advice …

IF you can find a place that suits your needs and price

and

IF you could potentially rent this out and nearly break even (a fall back plan in case of lost job, etc)

Then …

Consider buying.
The ability to rent it out is a backstop or fall back plan. But, I wouldn’t consider buying anything until at least late summer/early fall (Sept or later) to take advantage of seasonal effects.

[(former)FormerSanDiegan]

I second sdrealtor’s suggestion.

I’m no Poway expert, but here’s my generic advice …

IF you can find a place that suits your needs and price

and

IF you could potentially rent this out and nearly break even (a fall back plan in case of lost job, etc)

Then …

Consider buying.
The ability to rent it out is a backstop or fall back plan. But, I wouldn’t consider buying anything until at least late summer/early fall (Sept or later) to take advantage of seasonal effects.

[biggoldbear]

I feel like the rent fall back plan is getting close. I was looking on craigslist and 3/4 br 2 bath houses @1500 sf in Poway look like they rent for ~$2000+ (Any more information on this would be greatly appreciated!)

I’ll try to hold my wife back until the fall buying season (this may be tough ;-)), but I think we’re going to put our feelers out there and might jump at something in the sub $350 range…

[biggoldbear]

I feel like the rent fall back plan is getting close. I was looking on craigslist and 3/4 br 2 bath houses @1500 sf in Poway look like they rent for ~$2000+ (Any more information on this would be greatly appreciated!)

I’ll try to hold my wife back until the fall buying season (this may be tough ;-)), but I think we’re going to put our feelers out there and might jump at something in the sub $350 range…

[biggoldbear]

I feel like the rent fall back plan is getting close. I was looking on craigslist and 3/4 br 2 bath houses @1500 sf in Poway look like they rent for ~$2000+ (Any more information on this would be greatly appreciated!)

I’ll try to hold my wife back until the fall buying season (this may be tough ;-)), but I think we’re going to put our feelers out there and might jump at something in the sub $350 range…

[biggoldbear]

I feel like the rent fall back plan is getting close. I was looking on craigslist and 3/4 br 2 bath houses @1500 sf in Poway look like they rent for ~$2000+ (Any more information on this would be greatly appreciated!)

I’ll try to hold my wife back until the fall buying season (this may be tough ;-)), but I think we’re going to put our feelers out there and might jump at something in the sub $350 range…

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