- This topic has 90 replies, 10 voices, and was last updated 15 years, 10 months ago by
temeculaguy.
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January 23, 2009 at 12:27 PM #334080January 23, 2009 at 12:33 PM #334534
peterb
ParticipantRent a bigger home. Rents should be coming down.
January 23, 2009 at 12:33 PM #334506ParticipantRent a bigger home. Rents should be coming down.
January 23, 2009 at 12:33 PM #334090ParticipantRent a bigger home. Rents should be coming down.
January 23, 2009 at 12:33 PM #334423ParticipantRent a bigger home. Rents should be coming down.
January 23, 2009 at 12:33 PM #334620ParticipantRent a bigger home. Rents should be coming down.
January 23, 2009 at 1:34 PM #334463drboom
Participant[quote=4plexowner]market won’t bottom before 2010 at earliest – are you really looking that far in advance or are you just trying to justify making a purchase that you are going to make anyway?
human beings are not rational – they are rationalIZING[/quote]
True, but try living in a small apartment with a baby. Or try living in a somewhat larger one with a baby and a three year old like my wife and I have been doing. You might not be so rational either.
We just made an offer on a small 3BR crackerbox in El Cajon, and we’re convinced we’re throwing away our down payment since the market will surely sink at least another 20%.
Irrational?
Maybe not. We’re counting on inflation to shrink the relative size of our mortgage down to lunch money within a few years–if we make it through the intervening chaos. If the worst doesn’t come to pass, we still have a decent house that we can afford in a decent neighborhood. The all-in monthly costs are slightly less than renting the same house.
January 23, 2009 at 1:34 PM #334130Participant[quote=4plexowner]market won’t bottom before 2010 at earliest – are you really looking that far in advance or are you just trying to justify making a purchase that you are going to make anyway?
human beings are not rational – they are rationalIZING[/quote]
True, but try living in a small apartment with a baby. Or try living in a somewhat larger one with a baby and a three year old like my wife and I have been doing. You might not be so rational either.
We just made an offer on a small 3BR crackerbox in El Cajon, and we’re convinced we’re throwing away our down payment since the market will surely sink at least another 20%.
Irrational?
Maybe not. We’re counting on inflation to shrink the relative size of our mortgage down to lunch money within a few years–if we make it through the intervening chaos. If the worst doesn’t come to pass, we still have a decent house that we can afford in a decent neighborhood. The all-in monthly costs are slightly less than renting the same house.
January 23, 2009 at 1:34 PM #334547Participant[quote=4plexowner]market won’t bottom before 2010 at earliest – are you really looking that far in advance or are you just trying to justify making a purchase that you are going to make anyway?
human beings are not rational – they are rationalIZING[/quote]
True, but try living in a small apartment with a baby. Or try living in a somewhat larger one with a baby and a three year old like my wife and I have been doing. You might not be so rational either.
We just made an offer on a small 3BR crackerbox in El Cajon, and we’re convinced we’re throwing away our down payment since the market will surely sink at least another 20%.
Irrational?
Maybe not. We’re counting on inflation to shrink the relative size of our mortgage down to lunch money within a few years–if we make it through the intervening chaos. If the worst doesn’t come to pass, we still have a decent house that we can afford in a decent neighborhood. The all-in monthly costs are slightly less than renting the same house.
January 23, 2009 at 1:34 PM #334660Participant[quote=4plexowner]market won’t bottom before 2010 at earliest – are you really looking that far in advance or are you just trying to justify making a purchase that you are going to make anyway?
human beings are not rational – they are rationalIZING[/quote]
True, but try living in a small apartment with a baby. Or try living in a somewhat larger one with a baby and a three year old like my wife and I have been doing. You might not be so rational either.
We just made an offer on a small 3BR crackerbox in El Cajon, and we’re convinced we’re throwing away our down payment since the market will surely sink at least another 20%.
Irrational?
Maybe not. We’re counting on inflation to shrink the relative size of our mortgage down to lunch money within a few years–if we make it through the intervening chaos. If the worst doesn’t come to pass, we still have a decent house that we can afford in a decent neighborhood. The all-in monthly costs are slightly less than renting the same house.
January 23, 2009 at 1:34 PM #334573Participant[quote=4plexowner]market won’t bottom before 2010 at earliest – are you really looking that far in advance or are you just trying to justify making a purchase that you are going to make anyway?
human beings are not rational – they are rationalIZING[/quote]
True, but try living in a small apartment with a baby. Or try living in a somewhat larger one with a baby and a three year old like my wife and I have been doing. You might not be so rational either.
We just made an offer on a small 3BR crackerbox in El Cajon, and we’re convinced we’re throwing away our down payment since the market will surely sink at least another 20%.
Irrational?
Maybe not. We’re counting on inflation to shrink the relative size of our mortgage down to lunch money within a few years–if we make it through the intervening chaos. If the worst doesn’t come to pass, we still have a decent house that we can afford in a decent neighborhood. The all-in monthly costs are slightly less than renting the same house.
January 23, 2009 at 2:33 PM #334643dozzao
ParticipantYes I agree Drboom. It is not easy with kids. Good luck with your purchase – it sounds like you have done your homework. I am trying to hold off buying for the time being and maybe get a 2bedroom rental apartment. But it will mean we wont save any money each month which will suck but at least we will have more space.
January 23, 2009 at 2:33 PM #334616ParticipantYes I agree Drboom. It is not easy with kids. Good luck with your purchase – it sounds like you have done your homework. I am trying to hold off buying for the time being and maybe get a 2bedroom rental apartment. But it will mean we wont save any money each month which will suck but at least we will have more space.
January 23, 2009 at 2:33 PM #334728ParticipantYes I agree Drboom. It is not easy with kids. Good luck with your purchase – it sounds like you have done your homework. I am trying to hold off buying for the time being and maybe get a 2bedroom rental apartment. But it will mean we wont save any money each month which will suck but at least we will have more space.
January 23, 2009 at 2:33 PM #334531ParticipantYes I agree Drboom. It is not easy with kids. Good luck with your purchase – it sounds like you have done your homework. I am trying to hold off buying for the time being and maybe get a 2bedroom rental apartment. But it will mean we wont save any money each month which will suck but at least we will have more space.
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