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SD Realtor
ParticipantOC Scam good for finding what you want.
FLU made the most insightful statement. I have tried to expand on his point in many posts. Home ownership is not as much about investment as a lifestyle. Many on this site vehemently disagree with that sort of statement and I respect AND understand that stance.
RO I think that your statement was more to stir the pot then anything else. Come on now, you are probably quite successful financially and whether you made your money through real estate or through other means, to make a statement such as the one you made above really was…. well it was kind of a laugher dude.
SD Realtor
ParticipantOC Scam good for finding what you want.
FLU made the most insightful statement. I have tried to expand on his point in many posts. Home ownership is not as much about investment as a lifestyle. Many on this site vehemently disagree with that sort of statement and I respect AND understand that stance.
RO I think that your statement was more to stir the pot then anything else. Come on now, you are probably quite successful financially and whether you made your money through real estate or through other means, to make a statement such as the one you made above really was…. well it was kind of a laugher dude.
SD Realtor
ParticipantOC Scam good for finding what you want.
FLU made the most insightful statement. I have tried to expand on his point in many posts. Home ownership is not as much about investment as a lifestyle. Many on this site vehemently disagree with that sort of statement and I respect AND understand that stance.
RO I think that your statement was more to stir the pot then anything else. Come on now, you are probably quite successful financially and whether you made your money through real estate or through other means, to make a statement such as the one you made above really was…. well it was kind of a laugher dude.
SD Realtor
ParticipantOC Scam I think yours is actually an example of getting a good deal in a depreciating market. Additionally your motivation for buying the home you now live in falls into one of the more common reasons that people buy. You did it for your family, you did it because you believe (or I shall say I assume you believe) that this home will be a home that you and your family will be leaving in for many yeasrs to come.
125 trying to figure out the depth of the depreciation cycle is quite difficult. A 600k to a 400k drop off is 33% and while that is a large drop off it is not inconceivable. Hard to believe but not impossible. We have already seen 30% drops in some areas here in San Diego County. I cannot say that it will happen in the areas you want to live in but…. well ya never know.
Again, given your salary, your single and as far as I know, you do not have any children I believe that you may be able to position yourself very well by waiting at least a year if not longer. Consequently with enough cash savings you may be well positioned not only to purchase a primary residence but perhaps an investment property as well.
Again, if you feel that you HAVE to buy now then at least drive a hard bargain, shop around…lowball take your time.
SD Realtor
ParticipantOC Scam I think yours is actually an example of getting a good deal in a depreciating market. Additionally your motivation for buying the home you now live in falls into one of the more common reasons that people buy. You did it for your family, you did it because you believe (or I shall say I assume you believe) that this home will be a home that you and your family will be leaving in for many yeasrs to come.
125 trying to figure out the depth of the depreciation cycle is quite difficult. A 600k to a 400k drop off is 33% and while that is a large drop off it is not inconceivable. Hard to believe but not impossible. We have already seen 30% drops in some areas here in San Diego County. I cannot say that it will happen in the areas you want to live in but…. well ya never know.
Again, given your salary, your single and as far as I know, you do not have any children I believe that you may be able to position yourself very well by waiting at least a year if not longer. Consequently with enough cash savings you may be well positioned not only to purchase a primary residence but perhaps an investment property as well.
Again, if you feel that you HAVE to buy now then at least drive a hard bargain, shop around…lowball take your time.
SD Realtor
ParticipantOC Scam I think yours is actually an example of getting a good deal in a depreciating market. Additionally your motivation for buying the home you now live in falls into one of the more common reasons that people buy. You did it for your family, you did it because you believe (or I shall say I assume you believe) that this home will be a home that you and your family will be leaving in for many yeasrs to come.
125 trying to figure out the depth of the depreciation cycle is quite difficult. A 600k to a 400k drop off is 33% and while that is a large drop off it is not inconceivable. Hard to believe but not impossible. We have already seen 30% drops in some areas here in San Diego County. I cannot say that it will happen in the areas you want to live in but…. well ya never know.
Again, given your salary, your single and as far as I know, you do not have any children I believe that you may be able to position yourself very well by waiting at least a year if not longer. Consequently with enough cash savings you may be well positioned not only to purchase a primary residence but perhaps an investment property as well.
Again, if you feel that you HAVE to buy now then at least drive a hard bargain, shop around…lowball take your time.
SD Realtor
ParticipantOC Scam I think yours is actually an example of getting a good deal in a depreciating market. Additionally your motivation for buying the home you now live in falls into one of the more common reasons that people buy. You did it for your family, you did it because you believe (or I shall say I assume you believe) that this home will be a home that you and your family will be leaving in for many yeasrs to come.
125 trying to figure out the depth of the depreciation cycle is quite difficult. A 600k to a 400k drop off is 33% and while that is a large drop off it is not inconceivable. Hard to believe but not impossible. We have already seen 30% drops in some areas here in San Diego County. I cannot say that it will happen in the areas you want to live in but…. well ya never know.
Again, given your salary, your single and as far as I know, you do not have any children I believe that you may be able to position yourself very well by waiting at least a year if not longer. Consequently with enough cash savings you may be well positioned not only to purchase a primary residence but perhaps an investment property as well.
Again, if you feel that you HAVE to buy now then at least drive a hard bargain, shop around…lowball take your time.
SD Realtor
ParticipantOC Scam I think yours is actually an example of getting a good deal in a depreciating market. Additionally your motivation for buying the home you now live in falls into one of the more common reasons that people buy. You did it for your family, you did it because you believe (or I shall say I assume you believe) that this home will be a home that you and your family will be leaving in for many yeasrs to come.
125 trying to figure out the depth of the depreciation cycle is quite difficult. A 600k to a 400k drop off is 33% and while that is a large drop off it is not inconceivable. Hard to believe but not impossible. We have already seen 30% drops in some areas here in San Diego County. I cannot say that it will happen in the areas you want to live in but…. well ya never know.
Again, given your salary, your single and as far as I know, you do not have any children I believe that you may be able to position yourself very well by waiting at least a year if not longer. Consequently with enough cash savings you may be well positioned not only to purchase a primary residence but perhaps an investment property as well.
Again, if you feel that you HAVE to buy now then at least drive a hard bargain, shop around…lowball take your time.
SD Realtor
Participant125 I would not worry about what others say with regards to financing. I have two buyers right now in escrow, one with 5% down and another with 10% down. Yes financing is getting harder nowadays but no do not believe it is unattainable because somebody on a blog told you so.
I also have dog(s) and yes finding a suitable rental that is pet friendly was much more difficult then people make it out to be. Just be patient and keep looking around. Check Craigslist and the usual internet sites. Go to google and type in san diego rentals or strings similar to that and see what comes up. If you want to post your budget and areas you want to look at then put them in this string and I will see if there is anything on the MLS for you. The MLS is pretty weak when it comes to rentals but it does not mean it should be 100% ignored.
Now be aware of the timing we are (or at least) I am talking about. You should probably be ready to hunker down for a few years if you are looking to eliminate much of the downside risk of buying. Alternately you should be saving as much as possible. At some point we WILL see interest rates go up. Not if… when and by how much.
In terms of sellers paying closing costs that is pretty easy to get to happen nowadays. Anyways like I said, my rationale for not buying today has nothing to do with whether you can or cannot get the financing because you can. It is more along the lines of trying to recognize that you can save some serious bucks right now by holding off OR if you are gonna buy they lowball the sellers like crazy, then prepare for rejections, repeat the process, and you may get a hit if you don’t give up.
SD Realtor
Participant125 I would not worry about what others say with regards to financing. I have two buyers right now in escrow, one with 5% down and another with 10% down. Yes financing is getting harder nowadays but no do not believe it is unattainable because somebody on a blog told you so.
I also have dog(s) and yes finding a suitable rental that is pet friendly was much more difficult then people make it out to be. Just be patient and keep looking around. Check Craigslist and the usual internet sites. Go to google and type in san diego rentals or strings similar to that and see what comes up. If you want to post your budget and areas you want to look at then put them in this string and I will see if there is anything on the MLS for you. The MLS is pretty weak when it comes to rentals but it does not mean it should be 100% ignored.
Now be aware of the timing we are (or at least) I am talking about. You should probably be ready to hunker down for a few years if you are looking to eliminate much of the downside risk of buying. Alternately you should be saving as much as possible. At some point we WILL see interest rates go up. Not if… when and by how much.
In terms of sellers paying closing costs that is pretty easy to get to happen nowadays. Anyways like I said, my rationale for not buying today has nothing to do with whether you can or cannot get the financing because you can. It is more along the lines of trying to recognize that you can save some serious bucks right now by holding off OR if you are gonna buy they lowball the sellers like crazy, then prepare for rejections, repeat the process, and you may get a hit if you don’t give up.
SD Realtor
Participant125 I would not worry about what others say with regards to financing. I have two buyers right now in escrow, one with 5% down and another with 10% down. Yes financing is getting harder nowadays but no do not believe it is unattainable because somebody on a blog told you so.
I also have dog(s) and yes finding a suitable rental that is pet friendly was much more difficult then people make it out to be. Just be patient and keep looking around. Check Craigslist and the usual internet sites. Go to google and type in san diego rentals or strings similar to that and see what comes up. If you want to post your budget and areas you want to look at then put them in this string and I will see if there is anything on the MLS for you. The MLS is pretty weak when it comes to rentals but it does not mean it should be 100% ignored.
Now be aware of the timing we are (or at least) I am talking about. You should probably be ready to hunker down for a few years if you are looking to eliminate much of the downside risk of buying. Alternately you should be saving as much as possible. At some point we WILL see interest rates go up. Not if… when and by how much.
In terms of sellers paying closing costs that is pretty easy to get to happen nowadays. Anyways like I said, my rationale for not buying today has nothing to do with whether you can or cannot get the financing because you can. It is more along the lines of trying to recognize that you can save some serious bucks right now by holding off OR if you are gonna buy they lowball the sellers like crazy, then prepare for rejections, repeat the process, and you may get a hit if you don’t give up.
SD Realtor
Participant125 I would not worry about what others say with regards to financing. I have two buyers right now in escrow, one with 5% down and another with 10% down. Yes financing is getting harder nowadays but no do not believe it is unattainable because somebody on a blog told you so.
I also have dog(s) and yes finding a suitable rental that is pet friendly was much more difficult then people make it out to be. Just be patient and keep looking around. Check Craigslist and the usual internet sites. Go to google and type in san diego rentals or strings similar to that and see what comes up. If you want to post your budget and areas you want to look at then put them in this string and I will see if there is anything on the MLS for you. The MLS is pretty weak when it comes to rentals but it does not mean it should be 100% ignored.
Now be aware of the timing we are (or at least) I am talking about. You should probably be ready to hunker down for a few years if you are looking to eliminate much of the downside risk of buying. Alternately you should be saving as much as possible. At some point we WILL see interest rates go up. Not if… when and by how much.
In terms of sellers paying closing costs that is pretty easy to get to happen nowadays. Anyways like I said, my rationale for not buying today has nothing to do with whether you can or cannot get the financing because you can. It is more along the lines of trying to recognize that you can save some serious bucks right now by holding off OR if you are gonna buy they lowball the sellers like crazy, then prepare for rejections, repeat the process, and you may get a hit if you don’t give up.
SD Realtor
Participant125 I would not worry about what others say with regards to financing. I have two buyers right now in escrow, one with 5% down and another with 10% down. Yes financing is getting harder nowadays but no do not believe it is unattainable because somebody on a blog told you so.
I also have dog(s) and yes finding a suitable rental that is pet friendly was much more difficult then people make it out to be. Just be patient and keep looking around. Check Craigslist and the usual internet sites. Go to google and type in san diego rentals or strings similar to that and see what comes up. If you want to post your budget and areas you want to look at then put them in this string and I will see if there is anything on the MLS for you. The MLS is pretty weak when it comes to rentals but it does not mean it should be 100% ignored.
Now be aware of the timing we are (or at least) I am talking about. You should probably be ready to hunker down for a few years if you are looking to eliminate much of the downside risk of buying. Alternately you should be saving as much as possible. At some point we WILL see interest rates go up. Not if… when and by how much.
In terms of sellers paying closing costs that is pretty easy to get to happen nowadays. Anyways like I said, my rationale for not buying today has nothing to do with whether you can or cannot get the financing because you can. It is more along the lines of trying to recognize that you can save some serious bucks right now by holding off OR if you are gonna buy they lowball the sellers like crazy, then prepare for rejections, repeat the process, and you may get a hit if you don’t give up.
SD Realtor
Participantwtb you gotta just be patient man… Give it another few years.
SD Realtor
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