[barnaby33]

Fear breeds uncertainty. In this case, thats a good thing.

We don’t know how low its going to go, but lower than here and now is certain. If so why lock in now? What no other place will satisfy you? Is moving that painful? I have a feeling, though I don’t know you that you have been itching to buy for a while and just now something has come into your sites.

Interest rates will go up, prices will drop more, there is no real upside to this. Especially if you commute to the bay, or hope to move there anytime soon.

Josh

[barnaby33]

Fear breeds uncertainty. In this case, thats a good thing.

We don’t know how low its going to go, but lower than here and now is certain. If so why lock in now? What no other place will satisfy you? Is moving that painful? I have a feeling, though I don’t know you that you have been itching to buy for a while and just now something has come into your sites.

Interest rates will go up, prices will drop more, there is no real upside to this. Especially if you commute to the bay, or hope to move there anytime soon.

Josh

[barnaby33]

Fear breeds uncertainty. In this case, thats a good thing.

We don’t know how low its going to go, but lower than here and now is certain. If so why lock in now? What no other place will satisfy you? Is moving that painful? I have a feeling, though I don’t know you that you have been itching to buy for a while and just now something has come into your sites.

Interest rates will go up, prices will drop more, there is no real upside to this. Especially if you commute to the bay, or hope to move there anytime soon.

Josh

[barnaby33]

Maybe they are lagging behind SoCA in terms of price drops, etc?

Actually Vegas has led SoCal by quite a bit in terms of decline. Its a secondary market, its health is totally linked to LA/SD, where the majority of its customers come from.

Josh

[barnaby33]

Maybe they are lagging behind SoCA in terms of price drops, etc?

Actually Vegas has led SoCal by quite a bit in terms of decline. Its a secondary market, its health is totally linked to LA/SD, where the majority of its customers come from.

Josh

[barnaby33]

Maybe they are lagging behind SoCA in terms of price drops, etc?

Actually Vegas has led SoCal by quite a bit in terms of decline. Its a secondary market, its health is totally linked to LA/SD, where the majority of its customers come from.

Josh

[barnaby33]

Maybe they are lagging behind SoCA in terms of price drops, etc?

Actually Vegas has led SoCal by quite a bit in terms of decline. Its a secondary market, its health is totally linked to LA/SD, where the majority of its customers come from.

Josh

[barnaby33]

Maybe they are lagging behind SoCA in terms of price drops, etc?

Actually Vegas has led SoCal by quite a bit in terms of decline. Its a secondary market, its health is totally linked to LA/SD, where the majority of its customers come from.

Josh

[barnaby33]

Seriously, half a million in Vacaville? I bet you work in the bay. You do realize gas isn’t going to get much cheaper, right?

Plus the 80 in rush hour is worse than the 15. To me there really isn’t a price at which homes in far flung exurbs are worth purchasing, unless you make your living in the area.

I for one wouldn’t buy in any area where I didn’t work fairly close by. Thats one of the ideas that I personally feel is going to be done away with in the coming storm, that being long commutes. That and we aren’t anywhere near bottom yet, even in and especially the outer exurbs.

If you like the place and can comfortably afford then its merely a matter of whether you are willing to make the commute. However I’d be damned sure you can actually afford it. When interest rates go up, you won’t be able to sell it for what you owe.

Hemet, redux.

Josh

[barnaby33]

Seriously, half a million in Vacaville? I bet you work in the bay. You do realize gas isn’t going to get much cheaper, right?

Plus the 80 in rush hour is worse than the 15. To me there really isn’t a price at which homes in far flung exurbs are worth purchasing, unless you make your living in the area.

I for one wouldn’t buy in any area where I didn’t work fairly close by. Thats one of the ideas that I personally feel is going to be done away with in the coming storm, that being long commutes. That and we aren’t anywhere near bottom yet, even in and especially the outer exurbs.

If you like the place and can comfortably afford then its merely a matter of whether you are willing to make the commute. However I’d be damned sure you can actually afford it. When interest rates go up, you won’t be able to sell it for what you owe.

Hemet, redux.

Josh

[barnaby33]

Seriously, half a million in Vacaville? I bet you work in the bay. You do realize gas isn’t going to get much cheaper, right?

Plus the 80 in rush hour is worse than the 15. To me there really isn’t a price at which homes in far flung exurbs are worth purchasing, unless you make your living in the area.

I for one wouldn’t buy in any area where I didn’t work fairly close by. Thats one of the ideas that I personally feel is going to be done away with in the coming storm, that being long commutes. That and we aren’t anywhere near bottom yet, even in and especially the outer exurbs.

If you like the place and can comfortably afford then its merely a matter of whether you are willing to make the commute. However I’d be damned sure you can actually afford it. When interest rates go up, you won’t be able to sell it for what you owe.

Hemet, redux.

Josh

[barnaby33]

Seriously, half a million in Vacaville? I bet you work in the bay. You do realize gas isn’t going to get much cheaper, right?

Plus the 80 in rush hour is worse than the 15. To me there really isn’t a price at which homes in far flung exurbs are worth purchasing, unless you make your living in the area.

I for one wouldn’t buy in any area where I didn’t work fairly close by. Thats one of the ideas that I personally feel is going to be done away with in the coming storm, that being long commutes. That and we aren’t anywhere near bottom yet, even in and especially the outer exurbs.

If you like the place and can comfortably afford then its merely a matter of whether you are willing to make the commute. However I’d be damned sure you can actually afford it. When interest rates go up, you won’t be able to sell it for what you owe.

Hemet, redux.

Josh

[barnaby33]

Seriously, half a million in Vacaville? I bet you work in the bay. You do realize gas isn’t going to get much cheaper, right?

Plus the 80 in rush hour is worse than the 15. To me there really isn’t a price at which homes in far flung exurbs are worth purchasing, unless you make your living in the area.

I for one wouldn’t buy in any area where I didn’t work fairly close by. Thats one of the ideas that I personally feel is going to be done away with in the coming storm, that being long commutes. That and we aren’t anywhere near bottom yet, even in and especially the outer exurbs.

If you like the place and can comfortably afford then its merely a matter of whether you are willing to make the commute. However I’d be damned sure you can actually afford it. When interest rates go up, you won’t be able to sell it for what you owe.

Hemet, redux.

Josh

[barnaby33]

tomato, its too bad Rich isn’t an deflationista. Home prices didn’t rise all that fast before inflation became such a large factor in our monetary thought. We may indeed end up paying 4 million for a home, but only if the Fed manages to keep the inflation going. So far they haven’t had much luck.

I just realized I was thread-jacking. To answer shizo’s question, decreasing inventory really doesn’t mean much of anything. Tis a big ship our real estate market, she turns slowly aye, but when she does she moves long distances before turning again, arggghhh. We’ve along we togo a’fore we reach shore, lets not be jumpin up n down in the f’ocsle ever time we think we spot land.

Josh

[barnaby33]

tomato, its too bad Rich isn’t an deflationista. Home prices didn’t rise all that fast before inflation became such a large factor in our monetary thought. We may indeed end up paying 4 million for a home, but only if the Fed manages to keep the inflation going. So far they haven’t had much luck.

I just realized I was thread-jacking. To answer shizo’s question, decreasing inventory really doesn’t mean much of anything. Tis a big ship our real estate market, she turns slowly aye, but when she does she moves long distances before turning again, arggghhh. We’ve along we togo a’fore we reach shore, lets not be jumpin up n down in the f’ocsle ever time we think we spot land.

Josh

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