Should I wait a year or buy now?

[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.

[cooperthedog]

Instead of placing a fixed timeframe on buying (wait a year or until winter), why not track the market and wait until prices stabilize or start to track up.

Apply a longer term moving average (MA) to home prices and jump in with that levels out. Using an MA will reduce buying spikes that may be transistory while giving you a better picture of the long term trend of prices. You will not catch the exact bottom, but you will not have to worry (as much) about catching a falling knife. Of course this method is not foolproof, and prices could level out for a substantial amount of time, and then track down again, but combined with the fundamental price ratios its better then guessing.

[cooperthedog]

Instead of placing a fixed timeframe on buying (wait a year or until winter), why not track the market and wait until prices stabilize or start to track up.

Apply a longer term moving average (MA) to home prices and jump in with that levels out. Using an MA will reduce buying spikes that may be transistory while giving you a better picture of the long term trend of prices. You will not catch the exact bottom, but you will not have to worry (as much) about catching a falling knife. Of course this method is not foolproof, and prices could level out for a substantial amount of time, and then track down again, but combined with the fundamental price ratios its better then guessing.

[cooperthedog]

Instead of placing a fixed timeframe on buying (wait a year or until winter), why not track the market and wait until prices stabilize or start to track up.

Apply a longer term moving average (MA) to home prices and jump in with that levels out. Using an MA will reduce buying spikes that may be transistory while giving you a better picture of the long term trend of prices. You will not catch the exact bottom, but you will not have to worry (as much) about catching a falling knife. Of course this method is not foolproof, and prices could level out for a substantial amount of time, and then track down again, but combined with the fundamental price ratios its better then guessing.

[cooperthedog]

Instead of placing a fixed timeframe on buying (wait a year or until winter), why not track the market and wait until prices stabilize or start to track up.

Apply a longer term moving average (MA) to home prices and jump in with that levels out. Using an MA will reduce buying spikes that may be transistory while giving you a better picture of the long term trend of prices. You will not catch the exact bottom, but you will not have to worry (as much) about catching a falling knife. Of course this method is not foolproof, and prices could level out for a substantial amount of time, and then track down again, but combined with the fundamental price ratios its better then guessing.

[cooperthedog]

Instead of placing a fixed timeframe on buying (wait a year or until winter), why not track the market and wait until prices stabilize or start to track up.

Apply a longer term moving average (MA) to home prices and jump in with that levels out. Using an MA will reduce buying spikes that may be transistory while giving you a better picture of the long term trend of prices. You will not catch the exact bottom, but you will not have to worry (as much) about catching a falling knife. Of course this method is not foolproof, and prices could level out for a substantial amount of time, and then track down again, but combined with the fundamental price ratios its better then guessing.

[(former)FormerSanDiegan]

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.

Bingo ! What part of the County are you talking about ?
This has always been the threshold I have used. We bought our first house in Clairemont near the bottom of the last cycle by using that very same logic. Except, we didn’t have 20% down. We had 5%. Because of that, buying was slightly more expensive (about $175 per month, equal to our car payment at the time) than renting with 5% down.

[(former)FormerSanDiegan]

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.

Bingo ! What part of the County are you talking about ?
This has always been the threshold I have used. We bought our first house in Clairemont near the bottom of the last cycle by using that very same logic. Except, we didn’t have 20% down. We had 5%. Because of that, buying was slightly more expensive (about $175 per month, equal to our car payment at the time) than renting with 5% down.

[(former)FormerSanDiegan]

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.

Bingo ! What part of the County are you talking about ?
This has always been the threshold I have used. We bought our first house in Clairemont near the bottom of the last cycle by using that very same logic. Except, we didn’t have 20% down. We had 5%. Because of that, buying was slightly more expensive (about $175 per month, equal to our car payment at the time) than renting with 5% down.

[(former)FormerSanDiegan]

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.

Bingo ! What part of the County are you talking about ?
This has always been the threshold I have used. We bought our first house in Clairemont near the bottom of the last cycle by using that very same logic. Except, we didn’t have 20% down. We had 5%. Because of that, buying was slightly more expensive (about $175 per month, equal to our car payment at the time) than renting with 5% down.

[(former)FormerSanDiegan]

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.

Bingo ! What part of the County are you talking about ?
This has always been the threshold I have used. We bought our first house in Clairemont near the bottom of the last cycle by using that very same logic. Except, we didn’t have 20% down. We had 5%. Because of that, buying was slightly more expensive (about $175 per month, equal to our car payment at the time) than renting with 5% down.

[Aecetia]

Marion buy when TG buys.

[Aecetia]

Marion buy when TG buys.

[Aecetia]

Marion buy when TG buys.

[Aecetia]

Marion buy when TG buys.

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