What is a sensible criteria to determine when to pull the trigger? – Page 4

This topic has 60 replies, 11 voices, and was last updated 15 years, 11 months ago by SD Realtor.

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August 5, 2008 at 4:22 PM #253134

ltokuda
Participant

ttt

August 5, 2008 at 5:41 PM #252932

sdrealtor
Participant

Navydoc,
Please leave the graphic references out. You just ruined my steak dinner.

sdr

August 5, 2008 at 5:41 PM #253168

sdrealtor
Participant

Navydoc,
Please leave the graphic references out. You just ruined my steak dinner.

sdr

August 5, 2008 at 5:41 PM #253164

sdrealtor
Participant

Navydoc,
Please leave the graphic references out. You just ruined my steak dinner.

sdr

August 5, 2008 at 5:41 PM #253106

sdrealtor
Participant

Navydoc,
Please leave the graphic references out. You just ruined my steak dinner.

sdr

August 5, 2008 at 5:41 PM #253097

sdrealtor
Participant

Navydoc,
Please leave the graphic references out. You just ruined my steak dinner.

sdr

August 5, 2008 at 6:20 PM #253132

Navydoc
Participant

Sorry sdr, sometimes I just can’t resist a little medical humor. Besides, don’t you know it’s dangerous to eat and blog at the same time?

August 5, 2008 at 6:20 PM #253141

Navydoc
Participant

Sorry sdr, sometimes I just can’t resist a little medical humor. Besides, don’t you know it’s dangerous to eat and blog at the same time?

August 5, 2008 at 6:20 PM #252968

Navydoc
Participant

Sorry sdr, sometimes I just can’t resist a little medical humor. Besides, don’t you know it’s dangerous to eat and blog at the same time?

August 5, 2008 at 6:20 PM #253199

Navydoc
Participant

Sorry sdr, sometimes I just can’t resist a little medical humor. Besides, don’t you know it’s dangerous to eat and blog at the same time?

August 5, 2008 at 6:20 PM #253203

Navydoc
Participant

Sorry sdr, sometimes I just can’t resist a little medical humor. Besides, don’t you know it’s dangerous to eat and blog at the same time?

August 5, 2008 at 10:09 PM #253070

SD Realtor
Participant

Carlsbadworker I am pretty much in the same boat as Navydoc. The problem with waiting for positive sales numbers in the 3-6 month timeframe is that this may not occur for quite awhile. In fact if we hit a Japan like real estate market then you may be on the sidelines for quite awhile. I am not saying there is anything wrong with that strategy, just that finding the bottom and then catching the ride up is tough to do.

I am more of the opinion of purchasing what I can afford comfortably based on my own numbers. As a bonus I hope to have more of the downside risk that is in the market on my backside instead of ahead of me. Ideally I don’t see this happening until late 2010 but it is doubtful I can go that long. Unfortunately the neighborhoods I am looking are those that are the most out of whack according to the CS numbers put out by esmith. So yes I will buy as we will continue to go down but I will be in a fixed rate vehicle and I will not be overextended and my family will be much happier then they are now in our rental.

I do agree with the advice FSD gave and while I am not happy with giving a big downpayment, for me it will be a component of my purchase in order to make my mortgage payment doable even if my employment situation changes radically. I am pretty risk averse. For you maybe that works, maybe it doesn’t. I guess my point is that we all have different criteria/thresholds for purchasing.

August 5, 2008 at 10:09 PM #253232

SD Realtor
Participant

Carlsbadworker I am pretty much in the same boat as Navydoc. The problem with waiting for positive sales numbers in the 3-6 month timeframe is that this may not occur for quite awhile. In fact if we hit a Japan like real estate market then you may be on the sidelines for quite awhile. I am not saying there is anything wrong with that strategy, just that finding the bottom and then catching the ride up is tough to do.

I am more of the opinion of purchasing what I can afford comfortably based on my own numbers. As a bonus I hope to have more of the downside risk that is in the market on my backside instead of ahead of me. Ideally I don’t see this happening until late 2010 but it is doubtful I can go that long. Unfortunately the neighborhoods I am looking are those that are the most out of whack according to the CS numbers put out by esmith. So yes I will buy as we will continue to go down but I will be in a fixed rate vehicle and I will not be overextended and my family will be much happier then they are now in our rental.

I do agree with the advice FSD gave and while I am not happy with giving a big downpayment, for me it will be a component of my purchase in order to make my mortgage payment doable even if my employment situation changes radically. I am pretty risk averse. For you maybe that works, maybe it doesn’t. I guess my point is that we all have different criteria/thresholds for purchasing.

August 5, 2008 at 10:09 PM #253241

SD Realtor
Participant

Carlsbadworker I am pretty much in the same boat as Navydoc. The problem with waiting for positive sales numbers in the 3-6 month timeframe is that this may not occur for quite awhile. In fact if we hit a Japan like real estate market then you may be on the sidelines for quite awhile. I am not saying there is anything wrong with that strategy, just that finding the bottom and then catching the ride up is tough to do.

I am more of the opinion of purchasing what I can afford comfortably based on my own numbers. As a bonus I hope to have more of the downside risk that is in the market on my backside instead of ahead of me. Ideally I don’t see this happening until late 2010 but it is doubtful I can go that long. Unfortunately the neighborhoods I am looking are those that are the most out of whack according to the CS numbers put out by esmith. So yes I will buy as we will continue to go down but I will be in a fixed rate vehicle and I will not be overextended and my family will be much happier then they are now in our rental.

I do agree with the advice FSD gave and while I am not happy with giving a big downpayment, for me it will be a component of my purchase in order to make my mortgage payment doable even if my employment situation changes radically. I am pretty risk averse. For you maybe that works, maybe it doesn’t. I guess my point is that we all have different criteria/thresholds for purchasing.

August 5, 2008 at 10:09 PM #253300

SD Realtor
Participant

Carlsbadworker I am pretty much in the same boat as Navydoc. The problem with waiting for positive sales numbers in the 3-6 month timeframe is that this may not occur for quite awhile. In fact if we hit a Japan like real estate market then you may be on the sidelines for quite awhile. I am not saying there is anything wrong with that strategy, just that finding the bottom and then catching the ride up is tough to do.

I am more of the opinion of purchasing what I can afford comfortably based on my own numbers. As a bonus I hope to have more of the downside risk that is in the market on my backside instead of ahead of me. Ideally I don’t see this happening until late 2010 but it is doubtful I can go that long. Unfortunately the neighborhoods I am looking are those that are the most out of whack according to the CS numbers put out by esmith. So yes I will buy as we will continue to go down but I will be in a fixed rate vehicle and I will not be overextended and my family will be much happier then they are now in our rental.

I do agree with the advice FSD gave and while I am not happy with giving a big downpayment, for me it will be a component of my purchase in order to make my mortgage payment doable even if my employment situation changes radically. I am pretty risk averse. For you maybe that works, maybe it doesn’t. I guess my point is that we all have different criteria/thresholds for purchasing.
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