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Participant[quote=CafeMoto]Not too many households making close to 200k so prices are likely to keep sliding I believe. Wishing you and the piggs who have bought nothing but the best. Your kids and friends will probably enjoy you more as parents not being financially rung.[/quote]
What’s your definition of “too many”? According to SanDag, http://profilewarehouse.sandag.org/profiles/est/reg999est.pdf, there are 28,404 households in San Diego that make >$200k and 26,647 households making between $150k-$200k.Participant[quote=Scarlett]Those are pretty tough. But they make sense. The refi though will be tough too. So, are those new rules to be applied ( if approved) in summer. They will slowly, slowly decrease the prices by limiting further the pool of conventional buyers…
The sooner they get it all out and bring the market to more normal level, the better.[/quote]
Although most if not all of us on here agree that this is a good thing, I can see your J6p complaining that the man is keeping them down by not allowing them to buy like the “rich” people.Participant[quote=Scarlett]Those are pretty tough. But they make sense. The refi though will be tough too. So, are those new rules to be applied ( if approved) in summer. They will slowly, slowly decrease the prices by limiting further the pool of conventional buyers…
The sooner they get it all out and bring the market to more normal level, the better.[/quote]
Although most if not all of us on here agree that this is a good thing, I can see your J6p complaining that the man is keeping them down by not allowing them to buy like the “rich” people.Participant[quote=Scarlett]Those are pretty tough. But they make sense. The refi though will be tough too. So, are those new rules to be applied ( if approved) in summer. They will slowly, slowly decrease the prices by limiting further the pool of conventional buyers…
The sooner they get it all out and bring the market to more normal level, the better.[/quote]
Although most if not all of us on here agree that this is a good thing, I can see your J6p complaining that the man is keeping them down by not allowing them to buy like the “rich” people.Participant[quote=Scarlett]Those are pretty tough. But they make sense. The refi though will be tough too. So, are those new rules to be applied ( if approved) in summer. They will slowly, slowly decrease the prices by limiting further the pool of conventional buyers…
The sooner they get it all out and bring the market to more normal level, the better.[/quote]
Although most if not all of us on here agree that this is a good thing, I can see your J6p complaining that the man is keeping them down by not allowing them to buy like the “rich” people.Participant[quote=Scarlett]Those are pretty tough. But they make sense. The refi though will be tough too. So, are those new rules to be applied ( if approved) in summer. They will slowly, slowly decrease the prices by limiting further the pool of conventional buyers…
The sooner they get it all out and bring the market to more normal level, the better.[/quote]
Although most if not all of us on here agree that this is a good thing, I can see your J6p complaining that the man is keeping them down by not allowing them to buy like the “rich” people.ParticipantUCguy, it sounds like you really want to buy and seem to be looking for confirmation. If you want to buy today, if you can easily afford the payment and in your position, I personally would put down as little as possible. Assuming the minimum down payment is around 5%, I rather keep the other 5% as a rainy day fund. As long as you get a loan that doesn’t have a prepayment penalty for the PMI, you can always pay off the remaining amount to remove the PMI when you have the cash while not wiping our your rainy day fund. It’s not a good idea to go flat out like that and put all your eggs in 1 basket. You never know what might happen.
If you’re considering Scripps because of the schools, you might also want to check out this are of Mira Mesa: http://www.sdlookup.com/MLS-110005031-11270_Spitfire_Rd_San_Diego_CA_92126. This area have an option to go to Scripps HS.
ParticipantUCguy, it sounds like you really want to buy and seem to be looking for confirmation. If you want to buy today, if you can easily afford the payment and in your position, I personally would put down as little as possible. Assuming the minimum down payment is around 5%, I rather keep the other 5% as a rainy day fund. As long as you get a loan that doesn’t have a prepayment penalty for the PMI, you can always pay off the remaining amount to remove the PMI when you have the cash while not wiping our your rainy day fund. It’s not a good idea to go flat out like that and put all your eggs in 1 basket. You never know what might happen.
If you’re considering Scripps because of the schools, you might also want to check out this are of Mira Mesa: http://www.sdlookup.com/MLS-110005031-11270_Spitfire_Rd_San_Diego_CA_92126. This area have an option to go to Scripps HS.
ParticipantUCguy, it sounds like you really want to buy and seem to be looking for confirmation. If you want to buy today, if you can easily afford the payment and in your position, I personally would put down as little as possible. Assuming the minimum down payment is around 5%, I rather keep the other 5% as a rainy day fund. As long as you get a loan that doesn’t have a prepayment penalty for the PMI, you can always pay off the remaining amount to remove the PMI when you have the cash while not wiping our your rainy day fund. It’s not a good idea to go flat out like that and put all your eggs in 1 basket. You never know what might happen.
If you’re considering Scripps because of the schools, you might also want to check out this are of Mira Mesa: http://www.sdlookup.com/MLS-110005031-11270_Spitfire_Rd_San_Diego_CA_92126. This area have an option to go to Scripps HS.
ParticipantUCguy, it sounds like you really want to buy and seem to be looking for confirmation. If you want to buy today, if you can easily afford the payment and in your position, I personally would put down as little as possible. Assuming the minimum down payment is around 5%, I rather keep the other 5% as a rainy day fund. As long as you get a loan that doesn’t have a prepayment penalty for the PMI, you can always pay off the remaining amount to remove the PMI when you have the cash while not wiping our your rainy day fund. It’s not a good idea to go flat out like that and put all your eggs in 1 basket. You never know what might happen.
If you’re considering Scripps because of the schools, you might also want to check out this are of Mira Mesa: http://www.sdlookup.com/MLS-110005031-11270_Spitfire_Rd_San_Diego_CA_92126. This area have an option to go to Scripps HS.
ParticipantUCguy, it sounds like you really want to buy and seem to be looking for confirmation. If you want to buy today, if you can easily afford the payment and in your position, I personally would put down as little as possible. Assuming the minimum down payment is around 5%, I rather keep the other 5% as a rainy day fund. As long as you get a loan that doesn’t have a prepayment penalty for the PMI, you can always pay off the remaining amount to remove the PMI when you have the cash while not wiping our your rainy day fund. It’s not a good idea to go flat out like that and put all your eggs in 1 basket. You never know what might happen.
If you’re considering Scripps because of the schools, you might also want to check out this are of Mira Mesa: http://www.sdlookup.com/MLS-110005031-11270_Spitfire_Rd_San_Diego_CA_92126. This area have an option to go to Scripps HS.
ParticipantUCGuy, I only gave the rental option because you seem to want to buy now. If continue to rent is an option, I’d do that. You said so yourself that you don’t think price is going anywhere, so why rush?
ParticipantUCGuy, I only gave the rental option because you seem to want to buy now. If continue to rent is an option, I’d do that. You said so yourself that you don’t think price is going anywhere, so why rush?
ParticipantUCGuy, I only gave the rental option because you seem to want to buy now. If continue to rent is an option, I’d do that. You said so yourself that you don’t think price is going anywhere, so why rush?
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