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  • July 26, 2008 at 12:13 PM #13430
    FLPSanDiego
    Participant

    So I’m seriously thinking of jumping in and buying a condo. Am I crazy to do this within the next 6 months?

    July 26, 2008 at 12:21 PM #247437
    Ren
    Participant

    Short answer, yes.

    At least wait until the fall/winter. Prices WILL be lower then and there will likely be fewer buyers competing with you.

    If it helps you to resist, just watch the monthly numbers for the area you’re interested in. Seeing the condo median in that area drop month-to-month can be very sobering, especially when you imagine it’s your down payment.

    July 26, 2008 at 12:21 PM #247593
    Ren
    Participant

    Short answer, yes.

    At least wait until the fall/winter. Prices WILL be lower then and there will likely be fewer buyers competing with you.

    If it helps you to resist, just watch the monthly numbers for the area you’re interested in. Seeing the condo median in that area drop month-to-month can be very sobering, especially when you imagine it’s your down payment.

    July 26, 2008 at 12:21 PM #247599
    Ren
    Participant

    Short answer, yes.

    At least wait until the fall/winter. Prices WILL be lower then and there will likely be fewer buyers competing with you.

    If it helps you to resist, just watch the monthly numbers for the area you’re interested in. Seeing the condo median in that area drop month-to-month can be very sobering, especially when you imagine it’s your down payment.

    July 26, 2008 at 12:21 PM #247655
    Ren
    Participant

    Short answer, yes.

    At least wait until the fall/winter. Prices WILL be lower then and there will likely be fewer buyers competing with you.

    If it helps you to resist, just watch the monthly numbers for the area you’re interested in. Seeing the condo median in that area drop month-to-month can be very sobering, especially when you imagine it’s your down payment.

    July 26, 2008 at 12:21 PM #247661
    Ren
    Participant

    Short answer, yes.

    At least wait until the fall/winter. Prices WILL be lower then and there will likely be fewer buyers competing with you.

    If it helps you to resist, just watch the monthly numbers for the area you’re interested in. Seeing the condo median in that area drop month-to-month can be very sobering, especially when you imagine it’s your down payment.

    July 26, 2008 at 1:07 PM #247463
    sdrealtor
    Participant

    There will be some very good deal in a couple months (i.e. Nov/Dec). Some will be very compelling with carrying costs well below market rents. Get good counsel and make your own decision.

    July 26, 2008 at 1:07 PM #247618
    sdrealtor
    Participant

    There will be some very good deal in a couple months (i.e. Nov/Dec). Some will be very compelling with carrying costs well below market rents. Get good counsel and make your own decision.

    July 26, 2008 at 1:07 PM #247622
    sdrealtor
    Participant

    There will be some very good deal in a couple months (i.e. Nov/Dec). Some will be very compelling with carrying costs well below market rents. Get good counsel and make your own decision.

    July 26, 2008 at 1:07 PM #247681
    sdrealtor
    Participant

    There will be some very good deal in a couple months (i.e. Nov/Dec). Some will be very compelling with carrying costs well below market rents. Get good counsel and make your own decision.

    July 26, 2008 at 1:07 PM #247685
    sdrealtor
    Participant

    There will be some very good deal in a couple months (i.e. Nov/Dec). Some will be very compelling with carrying costs well below market rents. Get good counsel and make your own decision.

    July 26, 2008 at 2:16 PM #247482
    peterb
    Participant

    Dont buy now. There’s every indication that prices will go lower in the next 6 months. And nothing to indicate they will rise.

    July 26, 2008 at 2:16 PM #247637
    peterb
    Participant

    Dont buy now. There’s every indication that prices will go lower in the next 6 months. And nothing to indicate they will rise.

    July 26, 2008 at 2:16 PM #247643
    peterb
    Participant

    Dont buy now. There’s every indication that prices will go lower in the next 6 months. And nothing to indicate they will rise.

    July 26, 2008 at 2:16 PM #247701
    peterb
    Participant

    Dont buy now. There’s every indication that prices will go lower in the next 6 months. And nothing to indicate they will rise.

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