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November 7, 2007 at 8:30 AM #96721November 7, 2007 at 8:42 AM #96658
an
ParticipantJimmy, base on your other posts, it seems like you’re quite antsy to buy and that you want to buy soon. There are part of Mira Mesa that’s holding up fine now but at the end of the day, it’s still Mira Mesa. So when the bottom hit, they will probably be all affected the same %. Many people on here don’t expect the housing market to hit bottom until 2011, which is 4 years away. If you save religiously for the next four years, you can easily down 30-50% of the most expensive house in Mira Mesa. Also, if no major disaster happen, your salary in 4 years will be higher than what it is now. Since you’re set on buying in Mira Mesa and based on your income, the thought of stretching shouldn’t even cross your mind.
November 7, 2007 at 8:42 AM #96720ParticipantJimmy, base on your other posts, it seems like you’re quite antsy to buy and that you want to buy soon. There are part of Mira Mesa that’s holding up fine now but at the end of the day, it’s still Mira Mesa. So when the bottom hit, they will probably be all affected the same %. Many people on here don’t expect the housing market to hit bottom until 2011, which is 4 years away. If you save religiously for the next four years, you can easily down 30-50% of the most expensive house in Mira Mesa. Also, if no major disaster happen, your salary in 4 years will be higher than what it is now. Since you’re set on buying in Mira Mesa and based on your income, the thought of stretching shouldn’t even cross your mind.
November 7, 2007 at 8:42 AM #96730ParticipantJimmy, base on your other posts, it seems like you’re quite antsy to buy and that you want to buy soon. There are part of Mira Mesa that’s holding up fine now but at the end of the day, it’s still Mira Mesa. So when the bottom hit, they will probably be all affected the same %. Many people on here don’t expect the housing market to hit bottom until 2011, which is 4 years away. If you save religiously for the next four years, you can easily down 30-50% of the most expensive house in Mira Mesa. Also, if no major disaster happen, your salary in 4 years will be higher than what it is now. Since you’re set on buying in Mira Mesa and based on your income, the thought of stretching shouldn’t even cross your mind.
November 7, 2007 at 8:42 AM #96737ParticipantJimmy, base on your other posts, it seems like you’re quite antsy to buy and that you want to buy soon. There are part of Mira Mesa that’s holding up fine now but at the end of the day, it’s still Mira Mesa. So when the bottom hit, they will probably be all affected the same %. Many people on here don’t expect the housing market to hit bottom until 2011, which is 4 years away. If you save religiously for the next four years, you can easily down 30-50% of the most expensive house in Mira Mesa. Also, if no major disaster happen, your salary in 4 years will be higher than what it is now. Since you’re set on buying in Mira Mesa and based on your income, the thought of stretching shouldn’t even cross your mind.
November 7, 2007 at 9:04 AM #96666SD Realtor
ParticipantHi Jimmy –
As usual Asianautica pretty much pegged it dead on. I know you have been very diligent tracking properties in MM over the past year. The longer you can hold out the better. If you cannot I understand. Don’t panic or be surprised if we get a little jump in the spring. It will just be a seasonal thing and then the trend will continue. (note we may not even get that seasonal bump but I tend to think we will)
You seem like you know what is going on so building up that downpayment is optimal. As you remarked above that 1600 sf model in Sommerset is about the largest model in that subdivision. As Anaut pointed out some areas of MM have held up better then others… I take if that mom the babysitter is on the west side of town. Good deals will come and will be more and more prevalent. It will just take time.
SD Realtor
November 7, 2007 at 9:04 AM #96728ParticipantHi Jimmy –
As usual Asianautica pretty much pegged it dead on. I know you have been very diligent tracking properties in MM over the past year. The longer you can hold out the better. If you cannot I understand. Don’t panic or be surprised if we get a little jump in the spring. It will just be a seasonal thing and then the trend will continue. (note we may not even get that seasonal bump but I tend to think we will)
You seem like you know what is going on so building up that downpayment is optimal. As you remarked above that 1600 sf model in Sommerset is about the largest model in that subdivision. As Anaut pointed out some areas of MM have held up better then others… I take if that mom the babysitter is on the west side of town. Good deals will come and will be more and more prevalent. It will just take time.
SD Realtor
November 7, 2007 at 9:04 AM #96738ParticipantHi Jimmy –
As usual Asianautica pretty much pegged it dead on. I know you have been very diligent tracking properties in MM over the past year. The longer you can hold out the better. If you cannot I understand. Don’t panic or be surprised if we get a little jump in the spring. It will just be a seasonal thing and then the trend will continue. (note we may not even get that seasonal bump but I tend to think we will)
You seem like you know what is going on so building up that downpayment is optimal. As you remarked above that 1600 sf model in Sommerset is about the largest model in that subdivision. As Anaut pointed out some areas of MM have held up better then others… I take if that mom the babysitter is on the west side of town. Good deals will come and will be more and more prevalent. It will just take time.
SD Realtor
November 7, 2007 at 9:04 AM #96745ParticipantHi Jimmy –
As usual Asianautica pretty much pegged it dead on. I know you have been very diligent tracking properties in MM over the past year. The longer you can hold out the better. If you cannot I understand. Don’t panic or be surprised if we get a little jump in the spring. It will just be a seasonal thing and then the trend will continue. (note we may not even get that seasonal bump but I tend to think we will)
You seem like you know what is going on so building up that downpayment is optimal. As you remarked above that 1600 sf model in Sommerset is about the largest model in that subdivision. As Anaut pointed out some areas of MM have held up better then others… I take if that mom the babysitter is on the west side of town. Good deals will come and will be more and more prevalent. It will just take time.
SD Realtor
November 7, 2007 at 9:12 AM #96670jimmyle
ParticipantYeah, my wife is tired of living in an apartment. She loves to have friends and family over and now it is just not convenient.
Initially we planned to buy in early 2007 and then changed it to Fall 2008. But now I think I might have convinced her to wait until Fall of 2009 by showing her how much we have “saved” by not buying earlier this year.
Yeah, I was not able to save a lot before but since we got married in the summer we are saving like $3-4K a month now.
November 7, 2007 at 9:12 AM #96732ParticipantYeah, my wife is tired of living in an apartment. She loves to have friends and family over and now it is just not convenient.
Initially we planned to buy in early 2007 and then changed it to Fall 2008. But now I think I might have convinced her to wait until Fall of 2009 by showing her how much we have “saved” by not buying earlier this year.
Yeah, I was not able to save a lot before but since we got married in the summer we are saving like $3-4K a month now.
November 7, 2007 at 9:12 AM #96741ParticipantYeah, my wife is tired of living in an apartment. She loves to have friends and family over and now it is just not convenient.
Initially we planned to buy in early 2007 and then changed it to Fall 2008. But now I think I might have convinced her to wait until Fall of 2009 by showing her how much we have “saved” by not buying earlier this year.
Yeah, I was not able to save a lot before but since we got married in the summer we are saving like $3-4K a month now.
November 7, 2007 at 9:12 AM #96749ParticipantYeah, my wife is tired of living in an apartment. She loves to have friends and family over and now it is just not convenient.
Initially we planned to buy in early 2007 and then changed it to Fall 2008. But now I think I might have convinced her to wait until Fall of 2009 by showing her how much we have “saved” by not buying earlier this year.
Yeah, I was not able to save a lot before but since we got married in the summer we are saving like $3-4K a month now.
November 7, 2007 at 9:15 AM #96682Eugene
Participant1000/kid/month is above average even for infants. As kids grow older, they get cheaper.
November 7, 2007 at 9:15 AM #96744Participant1000/kid/month is above average even for infants. As kids grow older, they get cheaper.
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