[David J]

My wife and I over the past year have been keeping an eye on two different price points (Mira Mesa / Clairemont vs. Del Cerro / Mt. Helix). The first areas are in a price-range that is very easily affordable and the second areas would be at our upper limit. Although we definitely like Del Cerro and Mt. Helix better, we are leaning more and more to getting a house in Mira Mesa or Clairemont especially as housing costs with 20% down there approach rents.

We would be happy in either area but feel that by buying at the lower price point next year where prices are closer to fundamental levels, we would be protecting ourselves from large possible price declines in the higher end areas. If prices do come down significantly in the nicer area, we could rent out the Mira Mesa / Clairemont house, and then buy in one of the nicer areas. If prices don’t come down significantly in the nicer areas, we could evaluate from there to see if it is worth it to pay the prices that are being asked for those areas.

So, in response to the OP, it seems that we are less likely to splurge for housing.

[David J]

My wife and I over the past year have been keeping an eye on two different price points (Mira Mesa / Clairemont vs. Del Cerro / Mt. Helix). The first areas are in a price-range that is very easily affordable and the second areas would be at our upper limit. Although we definitely like Del Cerro and Mt. Helix better, we are leaning more and more to getting a house in Mira Mesa or Clairemont especially as housing costs with 20% down there approach rents.

We would be happy in either area but feel that by buying at the lower price point next year where prices are closer to fundamental levels, we would be protecting ourselves from large possible price declines in the higher end areas. If prices do come down significantly in the nicer area, we could rent out the Mira Mesa / Clairemont house, and then buy in one of the nicer areas. If prices don’t come down significantly in the nicer areas, we could evaluate from there to see if it is worth it to pay the prices that are being asked for those areas.

So, in response to the OP, it seems that we are less likely to splurge for housing.

[David J]

My wife and I over the past year have been keeping an eye on two different price points (Mira Mesa / Clairemont vs. Del Cerro / Mt. Helix). The first areas are in a price-range that is very easily affordable and the second areas would be at our upper limit. Although we definitely like Del Cerro and Mt. Helix better, we are leaning more and more to getting a house in Mira Mesa or Clairemont especially as housing costs with 20% down there approach rents.

We would be happy in either area but feel that by buying at the lower price point next year where prices are closer to fundamental levels, we would be protecting ourselves from large possible price declines in the higher end areas. If prices do come down significantly in the nicer area, we could rent out the Mira Mesa / Clairemont house, and then buy in one of the nicer areas. If prices don’t come down significantly in the nicer areas, we could evaluate from there to see if it is worth it to pay the prices that are being asked for those areas.

So, in response to the OP, it seems that we are less likely to splurge for housing.

[David J]

My wife and I over the past year have been keeping an eye on two different price points (Mira Mesa / Clairemont vs. Del Cerro / Mt. Helix). The first areas are in a price-range that is very easily affordable and the second areas would be at our upper limit. Although we definitely like Del Cerro and Mt. Helix better, we are leaning more and more to getting a house in Mira Mesa or Clairemont especially as housing costs with 20% down there approach rents.

We would be happy in either area but feel that by buying at the lower price point next year where prices are closer to fundamental levels, we would be protecting ourselves from large possible price declines in the higher end areas. If prices do come down significantly in the nicer area, we could rent out the Mira Mesa / Clairemont house, and then buy in one of the nicer areas. If prices don’t come down significantly in the nicer areas, we could evaluate from there to see if it is worth it to pay the prices that are being asked for those areas.

So, in response to the OP, it seems that we are less likely to splurge for housing.

[David J]

My wife and I over the past year have been keeping an eye on two different price points (Mira Mesa / Clairemont vs. Del Cerro / Mt. Helix). The first areas are in a price-range that is very easily affordable and the second areas would be at our upper limit. Although we definitely like Del Cerro and Mt. Helix better, we are leaning more and more to getting a house in Mira Mesa or Clairemont especially as housing costs with 20% down there approach rents.

We would be happy in either area but feel that by buying at the lower price point next year where prices are closer to fundamental levels, we would be protecting ourselves from large possible price declines in the higher end areas. If prices do come down significantly in the nicer area, we could rent out the Mira Mesa / Clairemont house, and then buy in one of the nicer areas. If prices don’t come down significantly in the nicer areas, we could evaluate from there to see if it is worth it to pay the prices that are being asked for those areas.

So, in response to the OP, it seems that we are less likely to splurge for housing.

[David J]

Indymac is paying 4+ percent right now. At Indymac I would definitely keep it under FDIC limits with some room saved for the interest.

[David J]

Indymac is paying 4+ percent right now. At Indymac I would definitely keep it under FDIC limits with some room saved for the interest.

[David J]

Indymac is paying 4+ percent right now. At Indymac I would definitely keep it under FDIC limits with some room saved for the interest.

[David J]

Indymac is paying 4+ percent right now. At Indymac I would definitely keep it under FDIC limits with some room saved for the interest.

[David J]

Indymac is paying 4+ percent right now. At Indymac I would definitely keep it under FDIC limits with some room saved for the interest.

[David J]

5915 is back with a new agent. The old agent seemed to be trying every trick in the book, seems like the property had a dozen rumored offers, yet here it is again as a brand new listing at $592,200. I might not understand how this all works though.

[David J]

5915 is back with a new agent. The old agent seemed to be trying every trick in the book, seems like the property had a dozen rumored offers, yet here it is again as a brand new listing at $592,200. I might not understand how this all works though.

[David J]

5915 is back with a new agent. The old agent seemed to be trying every trick in the book, seems like the property had a dozen rumored offers, yet here it is again as a brand new listing at $592,200. I might not understand how this all works though.

[David J]

5915 is back with a new agent. The old agent seemed to be trying every trick in the book, seems like the property had a dozen rumored offers, yet here it is again as a brand new listing at $592,200. I might not understand how this all works though.

[David J]

5915 is back with a new agent. The old agent seemed to be trying every trick in the book, seems like the property had a dozen rumored offers, yet here it is again as a brand new listing at $592,200. I might not understand how this all works though.

[Author]

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