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  • January 24, 2011 at 9:30 AM #658539
    no_such_reality
    Participant

    I would agree with Rustico, buying a house you love can be very bad.

    Buying a house you can readily afford that fills your needs is important. Buying a house you love should be left to the financially independent as their price tags and maintenance needs tend to push the envelope.

    The best time to buy depends more on you than the market. Buy when your finances are strong, your income stream known and predictable and your family situation is predictable. You match that against prices, financing costs and quality of the for sale and rental markets and rents.

    So when was the best time to buy? Last year. IMHO, from this point forward, you may get a lower price or will likely get a lower inflation adjusted price, but much like the downturn of the 90s. The monthly payment isn’t going to budge much and the quality is going to go down. Way down. All on average, exceptions to the rule apply.

    Unique property homes excluded, which frankly, may go up in the price because, again IMHO, 95% of the homes in Cali are junk.

    January 24, 2011 at 9:35 AM #657415
    NotCranky
    Participant

    [quote=SD Realtor]I guess so Rus… Kind like closing time at the bar.

    The homeowners that do that are usually selling their home within a few years.[/quote]

    Selling in a few years or maybe holding as a rental or improving it into something a little more like love of houses, or living and being happy with less is more.Less being, I honestly can’t say I love my house. Do we have to love our houses? Would that love be better spent elsewhere? What should you do if you can never afford to buy something worthy of love?

    January 24, 2011 at 9:35 AM #657475
    NotCranky
    Participant

    [quote=SD Realtor]I guess so Rus… Kind like closing time at the bar.

    The homeowners that do that are usually selling their home within a few years.[/quote]

    Selling in a few years or maybe holding as a rental or improving it into something a little more like love of houses, or living and being happy with less is more.Less being, I honestly can’t say I love my house. Do we have to love our houses? Would that love be better spent elsewhere? What should you do if you can never afford to buy something worthy of love?

    January 24, 2011 at 9:35 AM #658077
    NotCranky
    Participant

    [quote=SD Realtor]I guess so Rus… Kind like closing time at the bar.

    The homeowners that do that are usually selling their home within a few years.[/quote]

    Selling in a few years or maybe holding as a rental or improving it into something a little more like love of houses, or living and being happy with less is more.Less being, I honestly can’t say I love my house. Do we have to love our houses? Would that love be better spent elsewhere? What should you do if you can never afford to buy something worthy of love?

    January 24, 2011 at 9:35 AM #658216
    NotCranky
    Participant

    [quote=SD Realtor]I guess so Rus… Kind like closing time at the bar.

    The homeowners that do that are usually selling their home within a few years.[/quote]

    Selling in a few years or maybe holding as a rental or improving it into something a little more like love of houses, or living and being happy with less is more.Less being, I honestly can’t say I love my house. Do we have to love our houses? Would that love be better spent elsewhere? What should you do if you can never afford to buy something worthy of love?

    January 24, 2011 at 9:35 AM #658544
    NotCranky
    Participant

    [quote=SD Realtor]I guess so Rus… Kind like closing time at the bar.

    The homeowners that do that are usually selling their home within a few years.[/quote]

    Selling in a few years or maybe holding as a rental or improving it into something a little more like love of houses, or living and being happy with less is more.Less being, I honestly can’t say I love my house. Do we have to love our houses? Would that love be better spent elsewhere? What should you do if you can never afford to buy something worthy of love?

    January 24, 2011 at 9:47 AM #657424
    SD Realtor
    Participant

    Dont buy. I have found only a few places I have loved since 03 but could not close those deals so I didnt get the home. I am not a believer in spending several hundred thousand on something that I am like, well it is okay for me.

    Yes living with less may be more but with the cost of housing in San Diego why would anyone just plunk down all that money for something that they are “well this is okay” with. Seems like renting would be a far better idea. That is what I do.

    If I want to make it a rental I will just by a rental.

    I loved the two other homes I bought and still have them. Even though my family outgrew them someday maybe my in-laws or kids will live in them.

    January 24, 2011 at 9:47 AM #657485
    SD Realtor
    Participant

    Dont buy. I have found only a few places I have loved since 03 but could not close those deals so I didnt get the home. I am not a believer in spending several hundred thousand on something that I am like, well it is okay for me.

    Yes living with less may be more but with the cost of housing in San Diego why would anyone just plunk down all that money for something that they are “well this is okay” with. Seems like renting would be a far better idea. That is what I do.

    If I want to make it a rental I will just by a rental.

    I loved the two other homes I bought and still have them. Even though my family outgrew them someday maybe my in-laws or kids will live in them.

    January 24, 2011 at 9:47 AM #658087
    SD Realtor
    Participant

    Dont buy. I have found only a few places I have loved since 03 but could not close those deals so I didnt get the home. I am not a believer in spending several hundred thousand on something that I am like, well it is okay for me.

    Yes living with less may be more but with the cost of housing in San Diego why would anyone just plunk down all that money for something that they are “well this is okay” with. Seems like renting would be a far better idea. That is what I do.

    If I want to make it a rental I will just by a rental.

    I loved the two other homes I bought and still have them. Even though my family outgrew them someday maybe my in-laws or kids will live in them.

    January 24, 2011 at 9:47 AM #658226
    SD Realtor
    Participant

    Dont buy. I have found only a few places I have loved since 03 but could not close those deals so I didnt get the home. I am not a believer in spending several hundred thousand on something that I am like, well it is okay for me.

    Yes living with less may be more but with the cost of housing in San Diego why would anyone just plunk down all that money for something that they are “well this is okay” with. Seems like renting would be a far better idea. That is what I do.

    If I want to make it a rental I will just by a rental.

    I loved the two other homes I bought and still have them. Even though my family outgrew them someday maybe my in-laws or kids will live in them.

    January 24, 2011 at 9:47 AM #658554
    SD Realtor
    Participant

    Dont buy. I have found only a few places I have loved since 03 but could not close those deals so I didnt get the home. I am not a believer in spending several hundred thousand on something that I am like, well it is okay for me.

    Yes living with less may be more but with the cost of housing in San Diego why would anyone just plunk down all that money for something that they are “well this is okay” with. Seems like renting would be a far better idea. That is what I do.

    If I want to make it a rental I will just by a rental.

    I loved the two other homes I bought and still have them. Even though my family outgrew them someday maybe my in-laws or kids will live in them.

    January 24, 2011 at 9:57 AM #657434
    NotCranky
    Participant

    So what is closing time like? 🙂 Should you ever marry someone you meet at that hour?

    January 24, 2011 at 9:57 AM #657495
    NotCranky
    Participant

    So what is closing time like? 🙂 Should you ever marry someone you meet at that hour?

    January 24, 2011 at 9:57 AM #658097
    NotCranky
    Participant

    So what is closing time like? 🙂 Should you ever marry someone you meet at that hour?

    January 24, 2011 at 9:57 AM #658236
    NotCranky
    Participant

    So what is closing time like? 🙂 Should you ever marry someone you meet at that hour?

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