taking the plunge, now give it to me straight

[Disgruntled Patriot]

Thanks for all the great feedback.

Temeculaguy, money down – no (VA loan), fixed rate – yes (30y @ 6%), stretching – no (actually settling for much less, CA RE makes me very nervous), stay – probably not but maybe (price to rent ratio was critical factor).

Navydoc, you’ve waited a year already for a primary residence? How long does the Navy let you squiddies hang around? Up here the AF moves their folks in 3 years, even the physicians. Undoubtedly you will be far luckier than I by next year.

Meadandale (great screen name), psychological effect of negative equity my greatest concern. I’m the guy who gets an RE license just to save 3% on his house. When I listen to Mortgageguy talk about 4.5 years of inventory I want to rent forever and put all my money in TIPS and gold, but I would be filing single on next year’s taxes.

Nancy, Austin a great place but hard to compare. There has to be a sun, surf and jobs factor.

Itokuda, could breakeven now except for hard-to-estimate vacancy (repairs covered by home warranty factored into expenses). Risk is still there as a poor enough economy could even drive down rent, despite booming demand by all those foreclosed speculators.

[poorsaver]

Seems to me if you have no money down, then why are you concerned at all with no skin in the game?

[poorsaver]

Seems to me if you have no money down, then why are you concerned at all with no skin in the game?

[poorsaver]

Seems to me if you have no money down, then why are you concerned at all with no skin in the game?

[poorsaver]

Seems to me if you have no money down, then why are you concerned at all with no skin in the game?

[poorsaver]

Seems to me if you have no money down, then why are you concerned at all with no skin in the game?

[barnaby33]

Seriously, half a million in Vacaville? I bet you work in the bay. You do realize gas isn’t going to get much cheaper, right?

Plus the 80 in rush hour is worse than the 15. To me there really isn’t a price at which homes in far flung exurbs are worth purchasing, unless you make your living in the area.

I for one wouldn’t buy in any area where I didn’t work fairly close by. Thats one of the ideas that I personally feel is going to be done away with in the coming storm, that being long commutes. That and we aren’t anywhere near bottom yet, even in and especially the outer exurbs.

If you like the place and can comfortably afford then its merely a matter of whether you are willing to make the commute. However I’d be damned sure you can actually afford it. When interest rates go up, you won’t be able to sell it for what you owe.

Hemet, redux.

Josh

[barnaby33]

Seriously, half a million in Vacaville? I bet you work in the bay. You do realize gas isn’t going to get much cheaper, right?

Plus the 80 in rush hour is worse than the 15. To me there really isn’t a price at which homes in far flung exurbs are worth purchasing, unless you make your living in the area.

I for one wouldn’t buy in any area where I didn’t work fairly close by. Thats one of the ideas that I personally feel is going to be done away with in the coming storm, that being long commutes. That and we aren’t anywhere near bottom yet, even in and especially the outer exurbs.

If you like the place and can comfortably afford then its merely a matter of whether you are willing to make the commute. However I’d be damned sure you can actually afford it. When interest rates go up, you won’t be able to sell it for what you owe.

Hemet, redux.

Josh

[barnaby33]

Seriously, half a million in Vacaville? I bet you work in the bay. You do realize gas isn’t going to get much cheaper, right?

Plus the 80 in rush hour is worse than the 15. To me there really isn’t a price at which homes in far flung exurbs are worth purchasing, unless you make your living in the area.

I for one wouldn’t buy in any area where I didn’t work fairly close by. Thats one of the ideas that I personally feel is going to be done away with in the coming storm, that being long commutes. That and we aren’t anywhere near bottom yet, even in and especially the outer exurbs.

If you like the place and can comfortably afford then its merely a matter of whether you are willing to make the commute. However I’d be damned sure you can actually afford it. When interest rates go up, you won’t be able to sell it for what you owe.

Hemet, redux.

Josh

[barnaby33]

Seriously, half a million in Vacaville? I bet you work in the bay. You do realize gas isn’t going to get much cheaper, right?

Plus the 80 in rush hour is worse than the 15. To me there really isn’t a price at which homes in far flung exurbs are worth purchasing, unless you make your living in the area.

I for one wouldn’t buy in any area where I didn’t work fairly close by. Thats one of the ideas that I personally feel is going to be done away with in the coming storm, that being long commutes. That and we aren’t anywhere near bottom yet, even in and especially the outer exurbs.

If you like the place and can comfortably afford then its merely a matter of whether you are willing to make the commute. However I’d be damned sure you can actually afford it. When interest rates go up, you won’t be able to sell it for what you owe.

Hemet, redux.

Josh

[barnaby33]

Seriously, half a million in Vacaville? I bet you work in the bay. You do realize gas isn’t going to get much cheaper, right?

Plus the 80 in rush hour is worse than the 15. To me there really isn’t a price at which homes in far flung exurbs are worth purchasing, unless you make your living in the area.

I for one wouldn’t buy in any area where I didn’t work fairly close by. Thats one of the ideas that I personally feel is going to be done away with in the coming storm, that being long commutes. That and we aren’t anywhere near bottom yet, even in and especially the outer exurbs.

If you like the place and can comfortably afford then its merely a matter of whether you are willing to make the commute. However I’d be damned sure you can actually afford it. When interest rates go up, you won’t be able to sell it for what you owe.

Hemet, redux.

Josh

[JerseyGrl]

Toots

Sounds like he works at the nearby air force base. It would be insane to commute to Bay or even Sacramento, from Vacaville.

[JerseyGrl]

Toots

Sounds like he works at the nearby air force base. It would be insane to commute to Bay or even Sacramento, from Vacaville.

[JerseyGrl]

Toots

Sounds like he works at the nearby air force base. It would be insane to commute to Bay or even Sacramento, from Vacaville.

[JerseyGrl]

Toots

Sounds like he works at the nearby air force base. It would be insane to commute to Bay or even Sacramento, from Vacaville.

[Author]

Posts