Should I wait a year or buy now?

[Anonymous]

I can wait a year if it’s best for me.

Thanks to all that have replied thus far.

[waiting hawk]

I have been one of the biggest re bears out there. I just put in my first offer. Why? After my 20% down and the tax break I would be under my current rent. Except the house I am in now is a 7000 sqft lot 1200 sqft house. The fixer I offered on is 20k sqft lot with 1700 sqft house. Why the F would I rent and waste more of my life since I have been waiting 4 years already (I aint gettin much younger). I plan on living in the house till I die anyways. DTI ratio would be at 24%. Ding, time to buy. Except the bank still has to accept my 15% off offer first. Either way I am ~6 months off from buying. Buy when it makes sence to what you are paying now to what you will be paying.

[waiting hawk]

I have been one of the biggest re bears out there. I just put in my first offer. Why? After my 20% down and the tax break I would be under my current rent. Except the house I am in now is a 7000 sqft lot 1200 sqft house. The fixer I offered on is 20k sqft lot with 1700 sqft house. Why the F would I rent and waste more of my life since I have been waiting 4 years already (I aint gettin much younger). I plan on living in the house till I die anyways. DTI ratio would be at 24%. Ding, time to buy. Except the bank still has to accept my 15% off offer first. Either way I am ~6 months off from buying. Buy when it makes sence to what you are paying now to what you will be paying.

[waiting hawk]

I have been one of the biggest re bears out there. I just put in my first offer. Why? After my 20% down and the tax break I would be under my current rent. Except the house I am in now is a 7000 sqft lot 1200 sqft house. The fixer I offered on is 20k sqft lot with 1700 sqft house. Why the F would I rent and waste more of my life since I have been waiting 4 years already (I aint gettin much younger). I plan on living in the house till I die anyways. DTI ratio would be at 24%. Ding, time to buy. Except the bank still has to accept my 15% off offer first. Either way I am ~6 months off from buying. Buy when it makes sence to what you are paying now to what you will be paying.

[waiting hawk]

I have been one of the biggest re bears out there. I just put in my first offer. Why? After my 20% down and the tax break I would be under my current rent. Except the house I am in now is a 7000 sqft lot 1200 sqft house. The fixer I offered on is 20k sqft lot with 1700 sqft house. Why the F would I rent and waste more of my life since I have been waiting 4 years already (I aint gettin much younger). I plan on living in the house till I die anyways. DTI ratio would be at 24%. Ding, time to buy. Except the bank still has to accept my 15% off offer first. Either way I am ~6 months off from buying. Buy when it makes sence to what you are paying now to what you will be paying.

[waiting hawk]

I have been one of the biggest re bears out there. I just put in my first offer. Why? After my 20% down and the tax break I would be under my current rent. Except the house I am in now is a 7000 sqft lot 1200 sqft house. The fixer I offered on is 20k sqft lot with 1700 sqft house. Why the F would I rent and waste more of my life since I have been waiting 4 years already (I aint gettin much younger). I plan on living in the house till I die anyways. DTI ratio would be at 24%. Ding, time to buy. Except the bank still has to accept my 15% off offer first. Either way I am ~6 months off from buying. Buy when it makes sence to what you are paying now to what you will be paying.

[hipmatt]

Buy if you must, that’s fine, just don’t confuse this advice with calling a bottom.

This isn’t the bottom, it is possibly a long way off, especially area like Temecula which have nothing but massive inventory, less jobs, and an expensive commute. Interest rates can’t get any lower, high commodities prices are causing a decrease in discretionary spending, and even the fed expects unemployment to continue to rise. Not to mention masses of REOs that are yet to hit the market. Anyone who thinks this “crisis” is nearly over and that the “mighty” US economy is about to rebound better think again.

Get caught up in the spring/summer buyers/suckers rally and enjoy the hype and bidding frenzies on the two or three great deals that hit the MLS every month, just don’t be surprised to see price declines continue for the next 2 years. Buy if you can live comfortably and have a decent down and find the home of your dreams. Don’t feel like you are going to miss out. The best deals are in the next 8-20 months ahead, I’m nearly positive. I know quite a few people who are planning or have to walk away from their homes. These homes will hit the MLS in about 10 months. There won’t be any thing close to resembling a shortage of inventory in Temecula/Murrieta/Winchester/Menifee/Wildomar for years to come.

I’m not saying not to buy, I’m saying if you do, accept the possible and likely fact that you may have paid more than you had too. I guess we can only bookmark this page to see how things look in May of 09, and then look back to see who called it the best.

The fed has learned that slashing rates and printing money didn’t work. There is no magic pill that we can take to fix things. The rest of the world will go on as planned, while we suffer through this hangover from years of over-spending, over borrowing, and over-consuming.

[hipmatt]

Buy if you must, that’s fine, just don’t confuse this advice with calling a bottom.

This isn’t the bottom, it is possibly a long way off, especially area like Temecula which have nothing but massive inventory, less jobs, and an expensive commute. Interest rates can’t get any lower, high commodities prices are causing a decrease in discretionary spending, and even the fed expects unemployment to continue to rise. Not to mention masses of REOs that are yet to hit the market. Anyone who thinks this “crisis” is nearly over and that the “mighty” US economy is about to rebound better think again.

Get caught up in the spring/summer buyers/suckers rally and enjoy the hype and bidding frenzies on the two or three great deals that hit the MLS every month, just don’t be surprised to see price declines continue for the next 2 years. Buy if you can live comfortably and have a decent down and find the home of your dreams. Don’t feel like you are going to miss out. The best deals are in the next 8-20 months ahead, I’m nearly positive. I know quite a few people who are planning or have to walk away from their homes. These homes will hit the MLS in about 10 months. There won’t be any thing close to resembling a shortage of inventory in Temecula/Murrieta/Winchester/Menifee/Wildomar for years to come.

I’m not saying not to buy, I’m saying if you do, accept the possible and likely fact that you may have paid more than you had too. I guess we can only bookmark this page to see how things look in May of 09, and then look back to see who called it the best.

The fed has learned that slashing rates and printing money didn’t work. There is no magic pill that we can take to fix things. The rest of the world will go on as planned, while we suffer through this hangover from years of over-spending, over borrowing, and over-consuming.

[hipmatt]

Buy if you must, that’s fine, just don’t confuse this advice with calling a bottom.

This isn’t the bottom, it is possibly a long way off, especially area like Temecula which have nothing but massive inventory, less jobs, and an expensive commute. Interest rates can’t get any lower, high commodities prices are causing a decrease in discretionary spending, and even the fed expects unemployment to continue to rise. Not to mention masses of REOs that are yet to hit the market. Anyone who thinks this “crisis” is nearly over and that the “mighty” US economy is about to rebound better think again.

Get caught up in the spring/summer buyers/suckers rally and enjoy the hype and bidding frenzies on the two or three great deals that hit the MLS every month, just don’t be surprised to see price declines continue for the next 2 years. Buy if you can live comfortably and have a decent down and find the home of your dreams. Don’t feel like you are going to miss out. The best deals are in the next 8-20 months ahead, I’m nearly positive. I know quite a few people who are planning or have to walk away from their homes. These homes will hit the MLS in about 10 months. There won’t be any thing close to resembling a shortage of inventory in Temecula/Murrieta/Winchester/Menifee/Wildomar for years to come.

I’m not saying not to buy, I’m saying if you do, accept the possible and likely fact that you may have paid more than you had too. I guess we can only bookmark this page to see how things look in May of 09, and then look back to see who called it the best.

The fed has learned that slashing rates and printing money didn’t work. There is no magic pill that we can take to fix things. The rest of the world will go on as planned, while we suffer through this hangover from years of over-spending, over borrowing, and over-consuming.

[hipmatt]

Buy if you must, that’s fine, just don’t confuse this advice with calling a bottom.

This isn’t the bottom, it is possibly a long way off, especially area like Temecula which have nothing but massive inventory, less jobs, and an expensive commute. Interest rates can’t get any lower, high commodities prices are causing a decrease in discretionary spending, and even the fed expects unemployment to continue to rise. Not to mention masses of REOs that are yet to hit the market. Anyone who thinks this “crisis” is nearly over and that the “mighty” US economy is about to rebound better think again.

Get caught up in the spring/summer buyers/suckers rally and enjoy the hype and bidding frenzies on the two or three great deals that hit the MLS every month, just don’t be surprised to see price declines continue for the next 2 years. Buy if you can live comfortably and have a decent down and find the home of your dreams. Don’t feel like you are going to miss out. The best deals are in the next 8-20 months ahead, I’m nearly positive. I know quite a few people who are planning or have to walk away from their homes. These homes will hit the MLS in about 10 months. There won’t be any thing close to resembling a shortage of inventory in Temecula/Murrieta/Winchester/Menifee/Wildomar for years to come.

I’m not saying not to buy, I’m saying if you do, accept the possible and likely fact that you may have paid more than you had too. I guess we can only bookmark this page to see how things look in May of 09, and then look back to see who called it the best.

The fed has learned that slashing rates and printing money didn’t work. There is no magic pill that we can take to fix things. The rest of the world will go on as planned, while we suffer through this hangover from years of over-spending, over borrowing, and over-consuming.

[hipmatt]

Buy if you must, that’s fine, just don’t confuse this advice with calling a bottom.

This isn’t the bottom, it is possibly a long way off, especially area like Temecula which have nothing but massive inventory, less jobs, and an expensive commute. Interest rates can’t get any lower, high commodities prices are causing a decrease in discretionary spending, and even the fed expects unemployment to continue to rise. Not to mention masses of REOs that are yet to hit the market. Anyone who thinks this “crisis” is nearly over and that the “mighty” US economy is about to rebound better think again.

Get caught up in the spring/summer buyers/suckers rally and enjoy the hype and bidding frenzies on the two or three great deals that hit the MLS every month, just don’t be surprised to see price declines continue for the next 2 years. Buy if you can live comfortably and have a decent down and find the home of your dreams. Don’t feel like you are going to miss out. The best deals are in the next 8-20 months ahead, I’m nearly positive. I know quite a few people who are planning or have to walk away from their homes. These homes will hit the MLS in about 10 months. There won’t be any thing close to resembling a shortage of inventory in Temecula/Murrieta/Winchester/Menifee/Wildomar for years to come.

I’m not saying not to buy, I’m saying if you do, accept the possible and likely fact that you may have paid more than you had too. I guess we can only bookmark this page to see how things look in May of 09, and then look back to see who called it the best.

The fed has learned that slashing rates and printing money didn’t work. There is no magic pill that we can take to fix things. The rest of the world will go on as planned, while we suffer through this hangover from years of over-spending, over borrowing, and over-consuming.

[JWM in SD]

“I plan on living in the house till I die anyways”

I think that is the real sticking point for a lot of the most likely buyers in my opinion. Most young families cannot really make that statement confidently anymore due to job instability.

[JWM in SD]

“I plan on living in the house till I die anyways”

I think that is the real sticking point for a lot of the most likely buyers in my opinion. Most young families cannot really make that statement confidently anymore due to job instability.

[JWM in SD]

“I plan on living in the house till I die anyways”

I think that is the real sticking point for a lot of the most likely buyers in my opinion. Most young families cannot really make that statement confidently anymore due to job instability.

[JWM in SD]

“I plan on living in the house till I die anyways”

I think that is the real sticking point for a lot of the most likely buyers in my opinion. Most young families cannot really make that statement confidently anymore due to job instability.

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