next few months matter?

[Coronita]

Mr. Cat,

My feeling is you just got to keep your eye on the ball and keep looking for a home, putting offers in places you like at prices you want (hopefully reasonable, not $1 offers), and see what sticks. If something does stick, you always have the option of canceling.

There are folks actively looking for good deal and those that keep saying their waiting for “the bottom”, not doing anything, thinking thinking miraculously, the best deals will be given so obvious and fall out of the sky in their laps at that point. I’m not so sure about that. I’d say the former has a better chance of finding what they want at a great price, because being spoon-fed on a good deal is rarely something that happens.

[scaredyclassic]

it’s weird how one’s mood swings; i was talking to some females about this house and they were overwhelming me with how great life was going to be if i bought this place. just that conversation alone made me want to offer $32,000 more.

[scaredyclassic]

it’s weird how one’s mood swings; i was talking to some females about this house and they were overwhelming me with how great life was going to be if i bought this place. just that conversation alone made me want to offer $32,000 more.

[scaredyclassic]

it’s weird how one’s mood swings; i was talking to some females about this house and they were overwhelming me with how great life was going to be if i bought this place. just that conversation alone made me want to offer $32,000 more.

[scaredyclassic]

it’s weird how one’s mood swings; i was talking to some females about this house and they were overwhelming me with how great life was going to be if i bought this place. just that conversation alone made me want to offer $32,000 more.

[scaredyclassic]

it’s weird how one’s mood swings; i was talking to some females about this house and they were overwhelming me with how great life was going to be if i bought this place. just that conversation alone made me want to offer $32,000 more.

[blahblahblah]

TexasLine called it, that’s why I bought a house last year. We may drag along the bottom for a while here, prices may fall a bit more in the high-end areas but the long-term situation will likely be a high inflation scenario. We got big inflation after 10 years of Vietnam and we are closing in on 10 years of Iraq/Afghanistan here pretty soon. You can’t deficit spend essentially infinite amounts of money forever.

BTW I miss Bush and his $400B deficits!

[blahblahblah]

TexasLine called it, that’s why I bought a house last year. We may drag along the bottom for a while here, prices may fall a bit more in the high-end areas but the long-term situation will likely be a high inflation scenario. We got big inflation after 10 years of Vietnam and we are closing in on 10 years of Iraq/Afghanistan here pretty soon. You can’t deficit spend essentially infinite amounts of money forever.

BTW I miss Bush and his $400B deficits!

[blahblahblah]

TexasLine called it, that’s why I bought a house last year. We may drag along the bottom for a while here, prices may fall a bit more in the high-end areas but the long-term situation will likely be a high inflation scenario. We got big inflation after 10 years of Vietnam and we are closing in on 10 years of Iraq/Afghanistan here pretty soon. You can’t deficit spend essentially infinite amounts of money forever.

BTW I miss Bush and his $400B deficits!

[blahblahblah]

TexasLine called it, that’s why I bought a house last year. We may drag along the bottom for a while here, prices may fall a bit more in the high-end areas but the long-term situation will likely be a high inflation scenario. We got big inflation after 10 years of Vietnam and we are closing in on 10 years of Iraq/Afghanistan here pretty soon. You can’t deficit spend essentially infinite amounts of money forever.

BTW I miss Bush and his $400B deficits!

[blahblahblah]

TexasLine called it, that’s why I bought a house last year. We may drag along the bottom for a while here, prices may fall a bit more in the high-end areas but the long-term situation will likely be a high inflation scenario. We got big inflation after 10 years of Vietnam and we are closing in on 10 years of Iraq/Afghanistan here pretty soon. You can’t deficit spend essentially infinite amounts of money forever.

BTW I miss Bush and his $400B deficits!

[zk]

Scaredy, I’m convinced your fears are justified, but that could be because I’m sort of in a pickle where I’m going to probably be buying in a few months despite having the same fears you do.

In fact, I was going to start a thread with my dilemma, but since it’s almost the same as yours, I’ll put it here:

I’ve been waiting for a long time for this particular lot in a tract of new homes. It’ll probably be released in July. My prediction is that I’ll buy in July, after mortgage rates have started to go up but before prices have dropped as a result. After the 8k thing expires but before prices have dropped as a result. Right before the infamous shadow inventory starts to really hit the market. Right before Carmel Valley, which has floated along with very little damage, starts to finally feel the pain.

On the one hand, I can afford the house easily (I could pay cash, but probably won’t.) And I love the location and the house. And it’ll be nice to be settled in. On the other hand, I’ve waited all this time to buy, and to buy after 5 years and then have things finally go down significantly (in Carmel Valley) would really, really suck.

So, if I didn’t have this particular house I really wanted, I’d probably wait. (Or, if Pardee jacks up the price, I’ll wait anyway). Obviously prices will increase at some point, but virtually nobody who isn’t a Realtor is predicting that there’ll be any significant appreciation any time soon. So there’s a possible upside to waiting and, other than not settling in a house you want, not much downside to waiting.

Of course, if you’re in one of the areas where prices are 30, 40, 50 percent off the peak, that’s a different story. Probably not as much upside to waiting.

[zk]

Scaredy, I’m convinced your fears are justified, but that could be because I’m sort of in a pickle where I’m going to probably be buying in a few months despite having the same fears you do.

In fact, I was going to start a thread with my dilemma, but since it’s almost the same as yours, I’ll put it here:

I’ve been waiting for a long time for this particular lot in a tract of new homes. It’ll probably be released in July. My prediction is that I’ll buy in July, after mortgage rates have started to go up but before prices have dropped as a result. After the 8k thing expires but before prices have dropped as a result. Right before the infamous shadow inventory starts to really hit the market. Right before Carmel Valley, which has floated along with very little damage, starts to finally feel the pain.

On the one hand, I can afford the house easily (I could pay cash, but probably won’t.) And I love the location and the house. And it’ll be nice to be settled in. On the other hand, I’ve waited all this time to buy, and to buy after 5 years and then have things finally go down significantly (in Carmel Valley) would really, really suck.

So, if I didn’t have this particular house I really wanted, I’d probably wait. (Or, if Pardee jacks up the price, I’ll wait anyway). Obviously prices will increase at some point, but virtually nobody who isn’t a Realtor is predicting that there’ll be any significant appreciation any time soon. So there’s a possible upside to waiting and, other than not settling in a house you want, not much downside to waiting.

Of course, if you’re in one of the areas where prices are 30, 40, 50 percent off the peak, that’s a different story. Probably not as much upside to waiting.

[zk]

Scaredy, I’m convinced your fears are justified, but that could be because I’m sort of in a pickle where I’m going to probably be buying in a few months despite having the same fears you do.

In fact, I was going to start a thread with my dilemma, but since it’s almost the same as yours, I’ll put it here:

I’ve been waiting for a long time for this particular lot in a tract of new homes. It’ll probably be released in July. My prediction is that I’ll buy in July, after mortgage rates have started to go up but before prices have dropped as a result. After the 8k thing expires but before prices have dropped as a result. Right before the infamous shadow inventory starts to really hit the market. Right before Carmel Valley, which has floated along with very little damage, starts to finally feel the pain.

On the one hand, I can afford the house easily (I could pay cash, but probably won’t.) And I love the location and the house. And it’ll be nice to be settled in. On the other hand, I’ve waited all this time to buy, and to buy after 5 years and then have things finally go down significantly (in Carmel Valley) would really, really suck.

So, if I didn’t have this particular house I really wanted, I’d probably wait. (Or, if Pardee jacks up the price, I’ll wait anyway). Obviously prices will increase at some point, but virtually nobody who isn’t a Realtor is predicting that there’ll be any significant appreciation any time soon. So there’s a possible upside to waiting and, other than not settling in a house you want, not much downside to waiting.

Of course, if you’re in one of the areas where prices are 30, 40, 50 percent off the peak, that’s a different story. Probably not as much upside to waiting.

[zk]

Scaredy, I’m convinced your fears are justified, but that could be because I’m sort of in a pickle where I’m going to probably be buying in a few months despite having the same fears you do.

In fact, I was going to start a thread with my dilemma, but since it’s almost the same as yours, I’ll put it here:

I’ve been waiting for a long time for this particular lot in a tract of new homes. It’ll probably be released in July. My prediction is that I’ll buy in July, after mortgage rates have started to go up but before prices have dropped as a result. After the 8k thing expires but before prices have dropped as a result. Right before the infamous shadow inventory starts to really hit the market. Right before Carmel Valley, which has floated along with very little damage, starts to finally feel the pain.

On the one hand, I can afford the house easily (I could pay cash, but probably won’t.) And I love the location and the house. And it’ll be nice to be settled in. On the other hand, I’ve waited all this time to buy, and to buy after 5 years and then have things finally go down significantly (in Carmel Valley) would really, really suck.

So, if I didn’t have this particular house I really wanted, I’d probably wait. (Or, if Pardee jacks up the price, I’ll wait anyway). Obviously prices will increase at some point, but virtually nobody who isn’t a Realtor is predicting that there’ll be any significant appreciation any time soon. So there’s a possible upside to waiting and, other than not settling in a house you want, not much downside to waiting.

Of course, if you’re in one of the areas where prices are 30, 40, 50 percent off the peak, that’s a different story. Probably not as much upside to waiting.

[Author]

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