thinking of buying in central SD

[zzz]

I might be insane because I strongly believe housing is going to continue to slide, but I’m starting to consider taking the plunge and buying even though I still find the housing in the neighborhoods I’m looking at overpriced. I’m looking in central SD – Mission Hills, North Park, Uni Hts, which has held up far better than many other neighborhoods.

I also believe the economy will continue to deteriorate.

That said, I need a place to live and I’m not willing to rent a rathole. Therefore I’m shelling out thousands a month on a home rental and I’m starting to see properties at 20% down where my monthly PITI is a few hundred above what I’m paying in rent. If I look at the after tax implication, I actually come out about even.

I’m willing to stay in the house for the next 5+ years and would rent out the property if I had to move. If I find my earnings severely decline, I have enough reserves to pay my bills for years.

Any opinions on whether I should take the plunge or keep waiting it out?

[blahblahblah]

I bought in that area a year ago and have been pleased with my purchase. Prices have not come down much, if any, since then, but I think they will over the next 5 years — probably slowly. I, like you, needed a place to live and was tired of dealing with a landlord. Also the place I had been renting wasn’t that great, the neighborhood was getting worse, so I needed to move. I didn’t want to have the worry of a crappy landlord getting foreclosed on and the sheriff showing up at the door to boot me out, so I just went ahead and bought a place. If you pick wisely you will do well.

In Central SD there are a few things that can really help your property hold its value:

1) Being on a quiet street that looks nice, yet is close to shopping and highway access.

2) A 2-car garage, preferably side-by-side or 2 spaces in a condo garage.

3) Any kind of view or view potential.

4) 2 bedrooms, 2 full bathrooms.

5) Decent kitchen.

It can be tough to find a centrally-located place with all of those things that’s reasonably priced. Good luck!

[blahblahblah]

I bought in that area a year ago and have been pleased with my purchase. Prices have not come down much, if any, since then, but I think they will over the next 5 years — probably slowly. I, like you, needed a place to live and was tired of dealing with a landlord. Also the place I had been renting wasn’t that great, the neighborhood was getting worse, so I needed to move. I didn’t want to have the worry of a crappy landlord getting foreclosed on and the sheriff showing up at the door to boot me out, so I just went ahead and bought a place. If you pick wisely you will do well.

In Central SD there are a few things that can really help your property hold its value:

1) Being on a quiet street that looks nice, yet is close to shopping and highway access.

2) A 2-car garage, preferably side-by-side or 2 spaces in a condo garage.

3) Any kind of view or view potential.

4) 2 bedrooms, 2 full bathrooms.

5) Decent kitchen.

It can be tough to find a centrally-located place with all of those things that’s reasonably priced. Good luck!

[blahblahblah]

I bought in that area a year ago and have been pleased with my purchase. Prices have not come down much, if any, since then, but I think they will over the next 5 years — probably slowly. I, like you, needed a place to live and was tired of dealing with a landlord. Also the place I had been renting wasn’t that great, the neighborhood was getting worse, so I needed to move. I didn’t want to have the worry of a crappy landlord getting foreclosed on and the sheriff showing up at the door to boot me out, so I just went ahead and bought a place. If you pick wisely you will do well.

In Central SD there are a few things that can really help your property hold its value:

1) Being on a quiet street that looks nice, yet is close to shopping and highway access.

2) A 2-car garage, preferably side-by-side or 2 spaces in a condo garage.

3) Any kind of view or view potential.

4) 2 bedrooms, 2 full bathrooms.

5) Decent kitchen.

It can be tough to find a centrally-located place with all of those things that’s reasonably priced. Good luck!

[blahblahblah]

I bought in that area a year ago and have been pleased with my purchase. Prices have not come down much, if any, since then, but I think they will over the next 5 years — probably slowly. I, like you, needed a place to live and was tired of dealing with a landlord. Also the place I had been renting wasn’t that great, the neighborhood was getting worse, so I needed to move. I didn’t want to have the worry of a crappy landlord getting foreclosed on and the sheriff showing up at the door to boot me out, so I just went ahead and bought a place. If you pick wisely you will do well.

In Central SD there are a few things that can really help your property hold its value:

1) Being on a quiet street that looks nice, yet is close to shopping and highway access.

2) A 2-car garage, preferably side-by-side or 2 spaces in a condo garage.

3) Any kind of view or view potential.

4) 2 bedrooms, 2 full bathrooms.

5) Decent kitchen.

It can be tough to find a centrally-located place with all of those things that’s reasonably priced. Good luck!

[blahblahblah]

I bought in that area a year ago and have been pleased with my purchase. Prices have not come down much, if any, since then, but I think they will over the next 5 years — probably slowly. I, like you, needed a place to live and was tired of dealing with a landlord. Also the place I had been renting wasn’t that great, the neighborhood was getting worse, so I needed to move. I didn’t want to have the worry of a crappy landlord getting foreclosed on and the sheriff showing up at the door to boot me out, so I just went ahead and bought a place. If you pick wisely you will do well.

In Central SD there are a few things that can really help your property hold its value:

1) Being on a quiet street that looks nice, yet is close to shopping and highway access.

2) A 2-car garage, preferably side-by-side or 2 spaces in a condo garage.

3) Any kind of view or view potential.

4) 2 bedrooms, 2 full bathrooms.

5) Decent kitchen.

It can be tough to find a centrally-located place with all of those things that’s reasonably priced. Good luck!

[zzz]

What part of town did you buy in and was it a house or condo? Thanks

[zzz]

What part of town did you buy in and was it a house or condo? Thanks

[zzz]

What part of town did you buy in and was it a house or condo? Thanks

[zzz]

What part of town did you buy in and was it a house or condo? Thanks

[zzz]

What part of town did you buy in and was it a house or condo? Thanks

[blahblahblah]

House, east hillcrest/balboa park area. Nice part of town, we like it here a lot.

[blahblahblah]

House, east hillcrest/balboa park area. Nice part of town, we like it here a lot.

[blahblahblah]

House, east hillcrest/balboa park area. Nice part of town, we like it here a lot.

[blahblahblah]

House, east hillcrest/balboa park area. Nice part of town, we like it here a lot.

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