[andymajumder]

Thanks to everyone for the feedback. I am not buying at least for a year. Interestingly, there’s already another townhome in Triana (apparently the same floorplan) which is listed for a lower price now. Looks like townhomes and condos are going down fast.

http://www.ziprealty.com/buy_a_home/logged_in/search/my_home_detail.jsp?listing_num=076093930&property_type=CONDO&mls=mls_sandiego&cKey=3scwcwj7&source=SANDICOR

[andymajumder]

Thanks to everyone for the feedback. I am not buying at least for a year. Interestingly, there’s already another townhome in Triana (apparently the same floorplan) which is listed for a lower price now. Looks like townhomes and condos are going down fast.

http://www.ziprealty.com/buy_a_home/logged_in/search/my_home_detail.jsp?listing_num=076093930&property_type=CONDO&mls=mls_sandiego&cKey=3scwcwj7&source=SANDICOR

[andymajumder]

Thanks to everyone for the feedback. I am not buying at least for a year. Interestingly, there’s already another townhome in Triana (apparently the same floorplan) which is listed for a lower price now. Looks like townhomes and condos are going down fast.

http://www.ziprealty.com/buy_a_home/logged_in/search/my_home_detail.jsp?listing_num=076093930&property_type=CONDO&mls=mls_sandiego&cKey=3scwcwj7&source=SANDICOR

[andymajumder]

Thanks to everyone for the feedback. I am not buying at least for a year. Interestingly, there’s already another townhome in Triana (apparently the same floorplan) which is listed for a lower price now. Looks like townhomes and condos are going down fast.

http://www.ziprealty.com/buy_a_home/logged_in/search/my_home_detail.jsp?listing_num=076093930&property_type=CONDO&mls=mls_sandiego&cKey=3scwcwj7&source=SANDICOR

[andymajumder]

Thanks SD Realtor and patiently. I am leaning towards not buying and I think I will wait. Based on the additions which SD & patiently pointed out….the monthly costs would be around $2250. Addtional maintainence and opportunity cost on the downpayment probably puts its around ~2400/month i.e. 600 more than renting.

[andymajumder]

Thanks SD Realtor and patiently. I am leaning towards not buying and I think I will wait. Based on the additions which SD & patiently pointed out….the monthly costs would be around $2250. Addtional maintainence and opportunity cost on the downpayment probably puts its around ~2400/month i.e. 600 more than renting.

[andymajumder]

Thanks SD Realtor and patiently. I am leaning towards not buying and I think I will wait. Based on the additions which SD & patiently pointed out….the monthly costs would be around $2250. Addtional maintainence and opportunity cost on the downpayment probably puts its around ~2400/month i.e. 600 more than renting.

[andymajumder]

Thanks SD Realtor and patiently. I am leaning towards not buying and I think I will wait. Based on the additions which SD & patiently pointed out….the monthly costs would be around $2250. Addtional maintainence and opportunity cost on the downpayment probably puts its around ~2400/month i.e. 600 more than renting.

[andymajumder]

Thanks SD Realtor and patiently. I am leaning towards not buying and I think I will wait. Based on the additions which SD & patiently pointed out….the monthly costs would be around $2250. Addtional maintainence and opportunity cost on the downpayment probably puts its around ~2400/month i.e. 600 more than renting.

[andymajumder]

Thanks jimmyle. Yes I have seen that house and we really liked it, but feel its overvalued right now.
Also we want strictly follow the rule:

Buy a house which is less than 3.5 times annual gross income, specially since we don’t expect our home value to appreciate much for years to come.

[andymajumder]

Thanks jimmyle. Yes I have seen that house and we really liked it, but feel its overvalued right now.
Also we want strictly follow the rule:

Buy a house which is less than 3.5 times annual gross income, specially since we don’t expect our home value to appreciate much for years to come.

[andymajumder]

Thanks jimmyle. Yes I have seen that house and we really liked it, but feel its overvalued right now.
Also we want strictly follow the rule:

Buy a house which is less than 3.5 times annual gross income, specially since we don’t expect our home value to appreciate much for years to come.

[andymajumder]

Thanks jimmyle. Yes I have seen that house and we really liked it, but feel its overvalued right now.
Also we want strictly follow the rule:

Buy a house which is less than 3.5 times annual gross income, specially since we don’t expect our home value to appreciate much for years to come.

[andymajumder]

Thanks jimmyle. Yes I have seen that house and we really liked it, but feel its overvalued right now.
Also we want strictly follow the rule:

Buy a house which is less than 3.5 times annual gross income, specially since we don’t expect our home value to appreciate much for years to come.

[andymajumder]

A rough calculation is as follows:

$389K with 20% down @6.25 monthly payment = $1920 (monthly)

HOA + insurance +prop taxes (@1.25%) = $640 (monthly)

Savings in interest deduction = $534 (monthly)

Net monthly cost = ($1920+640-534) = $2026

Rent for a similar place seems to be about $1800/month.
So its close, which means if I can try and get it for 20K less (in case a low bid offer is accepted), it may be a good deal. I do expect rents to be higher a few years from now due to inflation.

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