Menu

Home › Forums › Housing › To max out your purchasing ability or not?

Viewing 15 posts - 61 through 75 (of 105 total)
1 2 3 4 5 6 7
  • Author
    Posts
  • November 7, 2007 at 8:30 AM #96721
    jimmyle
    Participant

    Good thing for me is that my mother-in-law is in her early 50’s and she will baby sit our kids. She is a licensed baby sitter. We will buy a house near hers. She will not charge us any money but we probably take care of her annual vacation to Vietnam which costs about $5000.

    November 7, 2007 at 8:42 AM #96658
    an
    Participant

    Jimmy, 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 #96720
    an
    Participant

    Jimmy, 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 #96730
    an
    Participant

    Jimmy, 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 #96737
    an
    Participant

    Jimmy, 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 #96666
    SD Realtor
    Participant

    Hi 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 #96728
    SD Realtor
    Participant

    Hi 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 #96738
    SD Realtor
    Participant

    Hi 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 #96745
    SD Realtor
    Participant

    Hi 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 #96670
    jimmyle
    Participant

    Yeah, 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 #96732
    jimmyle
    Participant

    Yeah, 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 #96741
    jimmyle
    Participant

    Yeah, 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 #96749
    jimmyle
    Participant

    Yeah, 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 #96682
    Eugene
    Participant

    1000/kid/month is above average even for infants. As kids grow older, they get cheaper.

    November 7, 2007 at 9:15 AM #96744
    Eugene
    Participant

    1000/kid/month is above average even for infants. As kids grow older, they get cheaper.

  • Author
    Posts
Viewing 15 posts - 61 through 75 (of 105 total)
1 2 3 4 5 6 7
  • You must be logged in to reply to this topic.