[SD Realtor]

I would agree with what Scarlett said. I would be more comfortable with the 1750 sf homes down lower then where they are now. At the 500k price they are horrible investment properties. Most of those that were bought for investments were done so long ago. The majority were owner occupied and bought at a low price and then the owners moved on but kept the unit. I am not sure how low they will go because it is a nice area that has decent demand. I do believe they will move down though.

[SD Realtor]

I would agree with what Scarlett said. I would be more comfortable with the 1750 sf homes down lower then where they are now. At the 500k price they are horrible investment properties. Most of those that were bought for investments were done so long ago. The majority were owner occupied and bought at a low price and then the owners moved on but kept the unit. I am not sure how low they will go because it is a nice area that has decent demand. I do believe they will move down though.

[SD Realtor]

I would agree with what Scarlett said. I would be more comfortable with the 1750 sf homes down lower then where they are now. At the 500k price they are horrible investment properties. Most of those that were bought for investments were done so long ago. The majority were owner occupied and bought at a low price and then the owners moved on but kept the unit. I am not sure how low they will go because it is a nice area that has decent demand. I do believe they will move down though.

[SD Realtor]

I would agree with what Scarlett said. I would be more comfortable with the 1750 sf homes down lower then where they are now. At the 500k price they are horrible investment properties. Most of those that were bought for investments were done so long ago. The majority were owner occupied and bought at a low price and then the owners moved on but kept the unit. I am not sure how low they will go because it is a nice area that has decent demand. I do believe they will move down though.

[SD Realtor]

You have to be more specific Sunny. Are you talking about the 2 bedroom 1100 sf units or are you talking one of the bigger floorplans? I think you will see depreciation there but not falling off a cliff depreciation…. more like slow flatline stuff unless rates rise appreciably. Seems like a few of the active listings for the townhomes have some pretty long market times.

[SD Realtor]

You have to be more specific Sunny. Are you talking about the 2 bedroom 1100 sf units or are you talking one of the bigger floorplans? I think you will see depreciation there but not falling off a cliff depreciation…. more like slow flatline stuff unless rates rise appreciably. Seems like a few of the active listings for the townhomes have some pretty long market times.

[SD Realtor]

You have to be more specific Sunny. Are you talking about the 2 bedroom 1100 sf units or are you talking one of the bigger floorplans? I think you will see depreciation there but not falling off a cliff depreciation…. more like slow flatline stuff unless rates rise appreciably. Seems like a few of the active listings for the townhomes have some pretty long market times.

[SD Realtor]

You have to be more specific Sunny. Are you talking about the 2 bedroom 1100 sf units or are you talking one of the bigger floorplans? I think you will see depreciation there but not falling off a cliff depreciation…. more like slow flatline stuff unless rates rise appreciably. Seems like a few of the active listings for the townhomes have some pretty long market times.

[SD Realtor]

You have to be more specific Sunny. Are you talking about the 2 bedroom 1100 sf units or are you talking one of the bigger floorplans? I think you will see depreciation there but not falling off a cliff depreciation…. more like slow flatline stuff unless rates rise appreciably. Seems like a few of the active listings for the townhomes have some pretty long market times.

[SD Realtor]

I would agree with the prevailing sentiment. You can go ahead and interview 3 realtors and they would all probably tell you it is a great time to buy and blah blah blah… When you tell them you would be draining your savings and what would happen if you bought and lost your job I would be curious as to how they would respond.

I would consider trying to build up a strong nest egg before I did anything. You are only throwing away money on rent because you look at it that way. You feel tied to your rental because you refuse to consider a longer commute. Yet if you buy you will have a longer commute.

Just does not seem to add up.

[SD Realtor]

I would agree with the prevailing sentiment. You can go ahead and interview 3 realtors and they would all probably tell you it is a great time to buy and blah blah blah… When you tell them you would be draining your savings and what would happen if you bought and lost your job I would be curious as to how they would respond.

I would consider trying to build up a strong nest egg before I did anything. You are only throwing away money on rent because you look at it that way. You feel tied to your rental because you refuse to consider a longer commute. Yet if you buy you will have a longer commute.

Just does not seem to add up.

[SD Realtor]

I would agree with the prevailing sentiment. You can go ahead and interview 3 realtors and they would all probably tell you it is a great time to buy and blah blah blah… When you tell them you would be draining your savings and what would happen if you bought and lost your job I would be curious as to how they would respond.

I would consider trying to build up a strong nest egg before I did anything. You are only throwing away money on rent because you look at it that way. You feel tied to your rental because you refuse to consider a longer commute. Yet if you buy you will have a longer commute.

Just does not seem to add up.

[SD Realtor]

I would agree with the prevailing sentiment. You can go ahead and interview 3 realtors and they would all probably tell you it is a great time to buy and blah blah blah… When you tell them you would be draining your savings and what would happen if you bought and lost your job I would be curious as to how they would respond.

I would consider trying to build up a strong nest egg before I did anything. You are only throwing away money on rent because you look at it that way. You feel tied to your rental because you refuse to consider a longer commute. Yet if you buy you will have a longer commute.

Just does not seem to add up.

[SD Realtor]

I would agree with the prevailing sentiment. You can go ahead and interview 3 realtors and they would all probably tell you it is a great time to buy and blah blah blah… When you tell them you would be draining your savings and what would happen if you bought and lost your job I would be curious as to how they would respond.

I would consider trying to build up a strong nest egg before I did anything. You are only throwing away money on rent because you look at it that way. You feel tied to your rental because you refuse to consider a longer commute. Yet if you buy you will have a longer commute.

Just does not seem to add up.

[SD Realtor]

Yeah there are plenty of those people. Living on the river of denial.

[Author]

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