Menu

Home › Forums › Housing › Should I wait a year or buy now?

Viewing 15 posts - 16 through 30 (of 121 total)
1 2 3 … 7 8 9
  • Author
    Posts
  • May 21, 2008 at 10:27 AM #209185
    Anonymous
    Guest

    FormerSanDiegan, no I do not have 6 months cash reserves. I just got graduated college (May 2007). I wasn’t able to save paying for expensive college classes and attending full-time while taking care of two kids.

    My biggest fear is buying a house now for 300k, and then next year, the builder is offering that same house for 200k.

    May 21, 2008 at 10:47 AM #209049
    Anonymous
    Guest

    I won’t be putting 20% down either, that is for people who are established in their careers and have been able to save. I’m not there yet. So, I’ll be going FHA and taking advantage of down payment assistance. The builders are pushing that right now.

    May 21, 2008 at 10:47 AM #209111
    Anonymous
    Guest

    I won’t be putting 20% down either, that is for people who are established in their careers and have been able to save. I’m not there yet. So, I’ll be going FHA and taking advantage of down payment assistance. The builders are pushing that right now.

    May 21, 2008 at 10:47 AM #209142
    Anonymous
    Guest

    I won’t be putting 20% down either, that is for people who are established in their careers and have been able to save. I’m not there yet. So, I’ll be going FHA and taking advantage of down payment assistance. The builders are pushing that right now.

    May 21, 2008 at 10:47 AM #209163
    Anonymous
    Guest

    I won’t be putting 20% down either, that is for people who are established in their careers and have been able to save. I’m not there yet. So, I’ll be going FHA and taking advantage of down payment assistance. The builders are pushing that right now.

    May 21, 2008 at 10:47 AM #209196
    Anonymous
    Guest

    I won’t be putting 20% down either, that is for people who are established in their careers and have been able to save. I’m not there yet. So, I’ll be going FHA and taking advantage of down payment assistance. The builders are pushing that right now.

    May 21, 2008 at 11:04 AM #209054
    SDEngineer
    Participant

    I am very strongly considering buying in the fall/winter of this year. I don’t think we’ll be at the bottom then, but we’ll probably be another 10-15% closer to it, and we’ll be starting to see rent parity in some of the outlying areas (I’ll be buying in North County). Since we’re planning on staying whereever we buy for at least 7-10 years, I think we should be ok.

    If I were looking at 4S, Scripps Ranch, or CV there is no way I would buy this year – I think theres still a lot of bubble air to be bled out of those areas. But I suspect the nicer areas of Escondido and San Marcos will be somewhere close to the bottom.

    May 21, 2008 at 11:04 AM #209116
    SDEngineer
    Participant

    I am very strongly considering buying in the fall/winter of this year. I don’t think we’ll be at the bottom then, but we’ll probably be another 10-15% closer to it, and we’ll be starting to see rent parity in some of the outlying areas (I’ll be buying in North County). Since we’re planning on staying whereever we buy for at least 7-10 years, I think we should be ok.

    If I were looking at 4S, Scripps Ranch, or CV there is no way I would buy this year – I think theres still a lot of bubble air to be bled out of those areas. But I suspect the nicer areas of Escondido and San Marcos will be somewhere close to the bottom.

    May 21, 2008 at 11:04 AM #209147
    SDEngineer
    Participant

    I am very strongly considering buying in the fall/winter of this year. I don’t think we’ll be at the bottom then, but we’ll probably be another 10-15% closer to it, and we’ll be starting to see rent parity in some of the outlying areas (I’ll be buying in North County). Since we’re planning on staying whereever we buy for at least 7-10 years, I think we should be ok.

    If I were looking at 4S, Scripps Ranch, or CV there is no way I would buy this year – I think theres still a lot of bubble air to be bled out of those areas. But I suspect the nicer areas of Escondido and San Marcos will be somewhere close to the bottom.

    May 21, 2008 at 11:04 AM #209168
    SDEngineer
    Participant

    I am very strongly considering buying in the fall/winter of this year. I don’t think we’ll be at the bottom then, but we’ll probably be another 10-15% closer to it, and we’ll be starting to see rent parity in some of the outlying areas (I’ll be buying in North County). Since we’re planning on staying whereever we buy for at least 7-10 years, I think we should be ok.

    If I were looking at 4S, Scripps Ranch, or CV there is no way I would buy this year – I think theres still a lot of bubble air to be bled out of those areas. But I suspect the nicer areas of Escondido and San Marcos will be somewhere close to the bottom.

    May 21, 2008 at 11:04 AM #209201
    SDEngineer
    Participant

    I am very strongly considering buying in the fall/winter of this year. I don’t think we’ll be at the bottom then, but we’ll probably be another 10-15% closer to it, and we’ll be starting to see rent parity in some of the outlying areas (I’ll be buying in North County). Since we’re planning on staying whereever we buy for at least 7-10 years, I think we should be ok.

    If I were looking at 4S, Scripps Ranch, or CV there is no way I would buy this year – I think theres still a lot of bubble air to be bled out of those areas. But I suspect the nicer areas of Escondido and San Marcos will be somewhere close to the bottom.

    May 21, 2008 at 11:11 AM #209078
    zzz
    Participant

    Hi Marion, I agree with FormerSanDiegan, I would buy next year. You should save this while watching the market decline further, and build up your cash reserves so that you have at minimum 6 months of reserves for emergency funds. I know several people who didn’t have the reserves and justified that they they were in jobs they would never get laid off from (government, university) and did. The stress is not worth it!

    May 21, 2008 at 11:11 AM #209141
    zzz
    Participant

    Hi Marion, I agree with FormerSanDiegan, I would buy next year. You should save this while watching the market decline further, and build up your cash reserves so that you have at minimum 6 months of reserves for emergency funds. I know several people who didn’t have the reserves and justified that they they were in jobs they would never get laid off from (government, university) and did. The stress is not worth it!

    May 21, 2008 at 11:11 AM #209172
    zzz
    Participant

    Hi Marion, I agree with FormerSanDiegan, I would buy next year. You should save this while watching the market decline further, and build up your cash reserves so that you have at minimum 6 months of reserves for emergency funds. I know several people who didn’t have the reserves and justified that they they were in jobs they would never get laid off from (government, university) and did. The stress is not worth it!

    May 21, 2008 at 11:11 AM #209194
    zzz
    Participant

    Hi Marion, I agree with FormerSanDiegan, I would buy next year. You should save this while watching the market decline further, and build up your cash reserves so that you have at minimum 6 months of reserves for emergency funds. I know several people who didn’t have the reserves and justified that they they were in jobs they would never get laid off from (government, university) and did. The stress is not worth it!

  • Author
    Posts
Viewing 15 posts - 16 through 30 (of 121 total)
1 2 3 … 7 8 9
  • You must be logged in to reply to this topic.