What is a sensible criteria to determine when to pull the trigger?

[Navydoc]

I look at it this way: the longer I wait the nicer the house I can afford becomes. Whatever happens to the market, I’m going to be looking in the 700-850k range. Last year when I started posting that meant a 2400 sq ft North county house built around 1998 or so. Now that money buys 3000+ sq ft built in 2004+. I will be buying in the Spring. Why? Because I need to, and if my fingers get a little bit bloody I’m willing to accept it if I find a home I’m happy to retire in. Besides, I’m an Obstetrician, I’m used to bloody fingers.

I guess the bottom line is, you buy when you feel it’s time to buy. I posted in another thread a few days ago that taking a small depreciation on real estate may come to be viewed as more or less normal. Waiting until the “perfect” time may prove to be impossible.

[(former)FormerSanDiegan]

Here’s my advice …

If
(You can find a place you want, where you want,
that you can conservatively afford 20% down,
30-year fixed and you plan on living there for
the next decade)

and
(You could conceivably rent it out and break
even, if your economic situation or plans
change.)

Then,
Pull the trigger

Else,
Wait

[(former)FormerSanDiegan]

Here’s my advice …

If
(You can find a place you want, where you want,
that you can conservatively afford 20% down,
30-year fixed and you plan on living there for
the next decade)

and
(You could conceivably rent it out and break
even, if your economic situation or plans
change.)

Then,
Pull the trigger

Else,
Wait

[(former)FormerSanDiegan]

Here’s my advice …

If
(You can find a place you want, where you want,
that you can conservatively afford 20% down,
30-year fixed and you plan on living there for
the next decade)

and
(You could conceivably rent it out and break
even, if your economic situation or plans
change.)

Then,
Pull the trigger

Else,
Wait

[(former)FormerSanDiegan]

Here’s my advice …

If
(You can find a place you want, where you want,
that you can conservatively afford 20% down,
30-year fixed and you plan on living there for
the next decade)

and
(You could conceivably rent it out and break
even, if your economic situation or plans
change.)

Then,
Pull the trigger

Else,
Wait

[(former)FormerSanDiegan]

Here’s my advice …

If
(You can find a place you want, where you want,
that you can conservatively afford 20% down,
30-year fixed and you plan on living there for
the next decade)

and
(You could conceivably rent it out and break
even, if your economic situation or plans
change.)

Then,
Pull the trigger

Else,
Wait

[recordsclerk]

Temecula looks ripe to me. I would start shopping now if you are picky. If it’s price you want, wait until this winter. I don’t think that builders can produce a home for under $100sqft with today building cost.

[recordsclerk]

Temecula looks ripe to me. I would start shopping now if you are picky. If it’s price you want, wait until this winter. I don’t think that builders can produce a home for under $100sqft with today building cost.

[recordsclerk]

Temecula looks ripe to me. I would start shopping now if you are picky. If it’s price you want, wait until this winter. I don’t think that builders can produce a home for under $100sqft with today building cost.

[recordsclerk]

Temecula looks ripe to me. I would start shopping now if you are picky. If it’s price you want, wait until this winter. I don’t think that builders can produce a home for under $100sqft with today building cost.

[recordsclerk]

Temecula looks ripe to me. I would start shopping now if you are picky. If it’s price you want, wait until this winter. I don’t think that builders can produce a home for under $100sqft with today building cost.

[Diego Mamani]

“I don’t think that builders can produce a home for under $100sqft with today building cost.”

May be true. BUT, I’m sure banks and other F’d lenders will be happy to sell newer construction (year 2000 and later) for under $100/sf!! And this supply is huge and still increasing rapidly.

[Diego Mamani]

“I don’t think that builders can produce a home for under $100sqft with today building cost.”

May be true. BUT, I’m sure banks and other F’d lenders will be happy to sell newer construction (year 2000 and later) for under $100/sf!! And this supply is huge and still increasing rapidly.

[Diego Mamani]

“I don’t think that builders can produce a home for under $100sqft with today building cost.”

May be true. BUT, I’m sure banks and other F’d lenders will be happy to sell newer construction (year 2000 and later) for under $100/sf!! And this supply is huge and still increasing rapidly.

[Diego Mamani]

“I don’t think that builders can produce a home for under $100sqft with today building cost.”

May be true. BUT, I’m sure banks and other F’d lenders will be happy to sell newer construction (year 2000 and later) for under $100/sf!! And this supply is huge and still increasing rapidly.

[Author]

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