The Market this Fall

[pencilneck]

“But I also wonder if all these years of waiting have made me a perma-bear.”

I’ve been doing similar soul searching. I still see more downside risk than upside potential over the next few years.

“Could I actually miss the boat?”

What is missing the boat? Could you miss the exact bottom of the market? Yes. Are prices going to suddenly jump into the stratosphere again? I kind of doubt it.

This rally may be a bottom forming. However, we haven’t really seen yet what the market looks like without the $8k federal tax credit, and a lot of current numbers reflect sales that are taking advantage of the $10k state tax incentive as well. I think there is little risk in waiting to see where the market it headed next.

[t36tran]

By missing the boat, I mean in the price range and market that I am looking at, I do not believe I will be buying my dream house. But if a decent deal comes along, I will probably be second guessing myself and wondering if it really is the right deal. For those with more experience, has a decent neighborhood in central San Diego always been a tough market for 1st time buyers? My gut says no, but I have no point of reference.

[t36tran]

By missing the boat, I mean in the price range and market that I am looking at, I do not believe I will be buying my dream house. But if a decent deal comes along, I will probably be second guessing myself and wondering if it really is the right deal. For those with more experience, has a decent neighborhood in central San Diego always been a tough market for 1st time buyers? My gut says no, but I have no point of reference.

[t36tran]

By missing the boat, I mean in the price range and market that I am looking at, I do not believe I will be buying my dream house. But if a decent deal comes along, I will probably be second guessing myself and wondering if it really is the right deal. For those with more experience, has a decent neighborhood in central San Diego always been a tough market for 1st time buyers? My gut says no, but I have no point of reference.

[t36tran]

By missing the boat, I mean in the price range and market that I am looking at, I do not believe I will be buying my dream house. But if a decent deal comes along, I will probably be second guessing myself and wondering if it really is the right deal. For those with more experience, has a decent neighborhood in central San Diego always been a tough market for 1st time buyers? My gut says no, but I have no point of reference.

[t36tran]

By missing the boat, I mean in the price range and market that I am looking at, I do not believe I will be buying my dream house. But if a decent deal comes along, I will probably be second guessing myself and wondering if it really is the right deal. For those with more experience, has a decent neighborhood in central San Diego always been a tough market for 1st time buyers? My gut says no, but I have no point of reference.

[pemeliza]

“For those with more experience, has a decent neighborhood in central San Diego always been a tough market for 1st time buyers?”

What zip codes? Some areas in central SD have absolutely cratered and others have not. Schools tend to be a big negative in many but not all areas. In a lot of areas you should not have much trouble finding a house at rent parity but it will probably not be anything special and it will probably need some work.

[pemeliza]

“For those with more experience, has a decent neighborhood in central San Diego always been a tough market for 1st time buyers?”

What zip codes? Some areas in central SD have absolutely cratered and others have not. Schools tend to be a big negative in many but not all areas. In a lot of areas you should not have much trouble finding a house at rent parity but it will probably not be anything special and it will probably need some work.

[pemeliza]

“For those with more experience, has a decent neighborhood in central San Diego always been a tough market for 1st time buyers?”

What zip codes? Some areas in central SD have absolutely cratered and others have not. Schools tend to be a big negative in many but not all areas. In a lot of areas you should not have much trouble finding a house at rent parity but it will probably not be anything special and it will probably need some work.

[pemeliza]

“For those with more experience, has a decent neighborhood in central San Diego always been a tough market for 1st time buyers?”

What zip codes? Some areas in central SD have absolutely cratered and others have not. Schools tend to be a big negative in many but not all areas. In a lot of areas you should not have much trouble finding a house at rent parity but it will probably not be anything special and it will probably need some work.

[pemeliza]

“For those with more experience, has a decent neighborhood in central San Diego always been a tough market for 1st time buyers?”

What zip codes? Some areas in central SD have absolutely cratered and others have not. Schools tend to be a big negative in many but not all areas. In a lot of areas you should not have much trouble finding a house at rent parity but it will probably not be anything special and it will probably need some work.

[svelte]

Personally, I think TG had it about right.

He waited out a majority of the price fall, then when it got near where he thought the bottom should be, he bought.

No use worrying about whether you hit absolute bottom, buy something and get on with your life. Also, every year you rent is one year longer you’ll have to pay a mortgage once you eventually do buy (not exact, but close enough).

You can come up with a million reasons to sit on the fence. But at some point, you gotta roll the dice. To me, that point is now.

[svelte]

Personally, I think TG had it about right.

He waited out a majority of the price fall, then when it got near where he thought the bottom should be, he bought.

No use worrying about whether you hit absolute bottom, buy something and get on with your life. Also, every year you rent is one year longer you’ll have to pay a mortgage once you eventually do buy (not exact, but close enough).

You can come up with a million reasons to sit on the fence. But at some point, you gotta roll the dice. To me, that point is now.

[svelte]

Personally, I think TG had it about right.

He waited out a majority of the price fall, then when it got near where he thought the bottom should be, he bought.

No use worrying about whether you hit absolute bottom, buy something and get on with your life. Also, every year you rent is one year longer you’ll have to pay a mortgage once you eventually do buy (not exact, but close enough).

You can come up with a million reasons to sit on the fence. But at some point, you gotta roll the dice. To me, that point is now.

[svelte]

Personally, I think TG had it about right.

He waited out a majority of the price fall, then when it got near where he thought the bottom should be, he bought.

No use worrying about whether you hit absolute bottom, buy something and get on with your life. Also, every year you rent is one year longer you’ll have to pay a mortgage once you eventually do buy (not exact, but close enough).

You can come up with a million reasons to sit on the fence. But at some point, you gotta roll the dice. To me, that point is now.

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