- This topic has 120 replies, 15 voices, and was last updated 16 years, 7 months ago by
scaredyclassic.
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May 22, 2008 at 2:13 PM #210082May 22, 2008 at 2:21 PM #209951
Anonymous
GuestOk, I know I need to wait. The longer I wait the better deal I get. I don’t intend to buy an overpriced piece of property and end up underwater.
I don’t mind going FHA, I can get downpayment assistance. They want 3 months reserve and that’s fine.
The builders in Temecula Murrieta are pretty desperate right now, and are offering incredible incentives. They are trying to get the most money they can for the houses while the market will still bear it.
And people are buying. Not as much as they’d like, but they’re still buying. So, here’s what I don’t understand, why would anyone buy today when they can wait for a year and get a lower priced house??
Am I missing something??
Those of you in escrow, want to share?
May 22, 2008 at 2:21 PM #210019GuestOk, I know I need to wait. The longer I wait the better deal I get. I don’t intend to buy an overpriced piece of property and end up underwater.
I don’t mind going FHA, I can get downpayment assistance. They want 3 months reserve and that’s fine.
The builders in Temecula Murrieta are pretty desperate right now, and are offering incredible incentives. They are trying to get the most money they can for the houses while the market will still bear it.
And people are buying. Not as much as they’d like, but they’re still buying. So, here’s what I don’t understand, why would anyone buy today when they can wait for a year and get a lower priced house??
Am I missing something??
Those of you in escrow, want to share?
May 22, 2008 at 2:21 PM #210050GuestOk, I know I need to wait. The longer I wait the better deal I get. I don’t intend to buy an overpriced piece of property and end up underwater.
I don’t mind going FHA, I can get downpayment assistance. They want 3 months reserve and that’s fine.
The builders in Temecula Murrieta are pretty desperate right now, and are offering incredible incentives. They are trying to get the most money they can for the houses while the market will still bear it.
And people are buying. Not as much as they’d like, but they’re still buying. So, here’s what I don’t understand, why would anyone buy today when they can wait for a year and get a lower priced house??
Am I missing something??
Those of you in escrow, want to share?
May 22, 2008 at 2:21 PM #210067GuestOk, I know I need to wait. The longer I wait the better deal I get. I don’t intend to buy an overpriced piece of property and end up underwater.
I don’t mind going FHA, I can get downpayment assistance. They want 3 months reserve and that’s fine.
The builders in Temecula Murrieta are pretty desperate right now, and are offering incredible incentives. They are trying to get the most money they can for the houses while the market will still bear it.
And people are buying. Not as much as they’d like, but they’re still buying. So, here’s what I don’t understand, why would anyone buy today when they can wait for a year and get a lower priced house??
Am I missing something??
Those of you in escrow, want to share?
May 22, 2008 at 2:21 PM #210102GuestOk, I know I need to wait. The longer I wait the better deal I get. I don’t intend to buy an overpriced piece of property and end up underwater.
I don’t mind going FHA, I can get downpayment assistance. They want 3 months reserve and that’s fine.
The builders in Temecula Murrieta are pretty desperate right now, and are offering incredible incentives. They are trying to get the most money they can for the houses while the market will still bear it.
And people are buying. Not as much as they’d like, but they’re still buying. So, here’s what I don’t understand, why would anyone buy today when they can wait for a year and get a lower priced house??
Am I missing something??
Those of you in escrow, want to share?
May 22, 2008 at 2:56 PM #209971(former)FormerSanDiegan
Participantwhy would anyone buy today when they can wait for a year and get a lower priced house??
Why would anyone get married if they know there’s a greater than 50% chance of divorce ?
Why does anyone buy lottery tickets when they know the odds are against them ?
The truth is we do not know the future, but we can asses the chances of what might happen and take calculated risks. Right now the probability that prices are lower at some point in the next 12 months is significantly greater than the probability that prices will be higher.
For someone with a decent cash cushion or a huge retirement account, the non-financial benefits of buying might be worth the risk. After all, 30% of the downside has already been taken out in many of the areas you are talking about. Another 10-20% down side risk might be palatable for some people depending on their financial position. To others (cash-poor first-time buyers) that kind of risk is not palatable for the non-financial benefits they might receive.
May 22, 2008 at 2:56 PM #210039Participantwhy would anyone buy today when they can wait for a year and get a lower priced house??
Why would anyone get married if they know there’s a greater than 50% chance of divorce ?
Why does anyone buy lottery tickets when they know the odds are against them ?
The truth is we do not know the future, but we can asses the chances of what might happen and take calculated risks. Right now the probability that prices are lower at some point in the next 12 months is significantly greater than the probability that prices will be higher.
For someone with a decent cash cushion or a huge retirement account, the non-financial benefits of buying might be worth the risk. After all, 30% of the downside has already been taken out in many of the areas you are talking about. Another 10-20% down side risk might be palatable for some people depending on their financial position. To others (cash-poor first-time buyers) that kind of risk is not palatable for the non-financial benefits they might receive.
May 22, 2008 at 2:56 PM #210069Participantwhy would anyone buy today when they can wait for a year and get a lower priced house??
Why would anyone get married if they know there’s a greater than 50% chance of divorce ?
Why does anyone buy lottery tickets when they know the odds are against them ?
The truth is we do not know the future, but we can asses the chances of what might happen and take calculated risks. Right now the probability that prices are lower at some point in the next 12 months is significantly greater than the probability that prices will be higher.
For someone with a decent cash cushion or a huge retirement account, the non-financial benefits of buying might be worth the risk. After all, 30% of the downside has already been taken out in many of the areas you are talking about. Another 10-20% down side risk might be palatable for some people depending on their financial position. To others (cash-poor first-time buyers) that kind of risk is not palatable for the non-financial benefits they might receive.
May 22, 2008 at 2:56 PM #210087Participantwhy would anyone buy today when they can wait for a year and get a lower priced house??
Why would anyone get married if they know there’s a greater than 50% chance of divorce ?
Why does anyone buy lottery tickets when they know the odds are against them ?
The truth is we do not know the future, but we can asses the chances of what might happen and take calculated risks. Right now the probability that prices are lower at some point in the next 12 months is significantly greater than the probability that prices will be higher.
For someone with a decent cash cushion or a huge retirement account, the non-financial benefits of buying might be worth the risk. After all, 30% of the downside has already been taken out in many of the areas you are talking about. Another 10-20% down side risk might be palatable for some people depending on their financial position. To others (cash-poor first-time buyers) that kind of risk is not palatable for the non-financial benefits they might receive.
May 22, 2008 at 2:56 PM #210124Participantwhy would anyone buy today when they can wait for a year and get a lower priced house??
Why would anyone get married if they know there’s a greater than 50% chance of divorce ?
Why does anyone buy lottery tickets when they know the odds are against them ?
The truth is we do not know the future, but we can asses the chances of what might happen and take calculated risks. Right now the probability that prices are lower at some point in the next 12 months is significantly greater than the probability that prices will be higher.
For someone with a decent cash cushion or a huge retirement account, the non-financial benefits of buying might be worth the risk. After all, 30% of the downside has already been taken out in many of the areas you are talking about. Another 10-20% down side risk might be palatable for some people depending on their financial position. To others (cash-poor first-time buyers) that kind of risk is not palatable for the non-financial benefits they might receive.
May 22, 2008 at 5:47 PM #210126scaredyclassic
Participantthere is no way to know when the right time to buy is. but you are unlikely to regret waiitng a year. or two. or three.
Drink Heavily.
May 22, 2008 at 5:47 PM #210192Participantthere is no way to know when the right time to buy is. but you are unlikely to regret waiitng a year. or two. or three.
Drink Heavily.
May 22, 2008 at 5:47 PM #210223Participantthere is no way to know when the right time to buy is. but you are unlikely to regret waiitng a year. or two. or three.
Drink Heavily.
May 22, 2008 at 5:47 PM #210245Participantthere is no way to know when the right time to buy is. but you are unlikely to regret waiitng a year. or two. or three.
Drink Heavily.
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