[sdbubble]

I just did a check in the Mira Mesa area and you can in fact buy a house with 20% down for LESS THAN THE COST OF RENT in that area now. Wow. There is a 90% chance that it will be cheaper next year in my opinion, we have so much bad inventory to burn through.

Do you guys think that the rent market, in effect, can support the housing market prices???

With 20% down you can get a 3 bedroom house for $1600/month.
Rent is $1800/month. How much below rent can we go?

I think the real problem is, no one can afford 20% down anymore, everyone is in massive debt right now. So I wonder if the correct figure for comparison is more like 5% or 10% down max? What ya think?

Land lords are not likely to drop their rent prices unless this over supply turns into new rentals and demand drops off.

[sdbubble]

I just did a check in the Mira Mesa area and you can in fact buy a house with 20% down for LESS THAN THE COST OF RENT in that area now. Wow. There is a 90% chance that it will be cheaper next year in my opinion, we have so much bad inventory to burn through.

Do you guys think that the rent market, in effect, can support the housing market prices???

With 20% down you can get a 3 bedroom house for $1600/month.
Rent is $1800/month. How much below rent can we go?

I think the real problem is, no one can afford 20% down anymore, everyone is in massive debt right now. So I wonder if the correct figure for comparison is more like 5% or 10% down max? What ya think?

Land lords are not likely to drop their rent prices unless this over supply turns into new rentals and demand drops off.

[sdbubble]

I just did a check in the Mira Mesa area and you can in fact buy a house with 20% down for LESS THAN THE COST OF RENT in that area now. Wow. There is a 90% chance that it will be cheaper next year in my opinion, we have so much bad inventory to burn through.

Do you guys think that the rent market, in effect, can support the housing market prices???

With 20% down you can get a 3 bedroom house for $1600/month.
Rent is $1800/month. How much below rent can we go?

I think the real problem is, no one can afford 20% down anymore, everyone is in massive debt right now. So I wonder if the correct figure for comparison is more like 5% or 10% down max? What ya think?

Land lords are not likely to drop their rent prices unless this over supply turns into new rentals and demand drops off.

[sdbubble]

I just did a check in the Mira Mesa area and you can in fact buy a house with 20% down for LESS THAN THE COST OF RENT in that area now. Wow. There is a 90% chance that it will be cheaper next year in my opinion, we have so much bad inventory to burn through.

Do you guys think that the rent market, in effect, can support the housing market prices???

With 20% down you can get a 3 bedroom house for $1600/month.
Rent is $1800/month. How much below rent can we go?

I think the real problem is, no one can afford 20% down anymore, everyone is in massive debt right now. So I wonder if the correct figure for comparison is more like 5% or 10% down max? What ya think?

Land lords are not likely to drop their rent prices unless this over supply turns into new rentals and demand drops off.

[sdbubble]

I just did a check in the Mira Mesa area and you can in fact buy a house with 20% down for LESS THAN THE COST OF RENT in that area now. Wow. There is a 90% chance that it will be cheaper next year in my opinion, we have so much bad inventory to burn through.

Do you guys think that the rent market, in effect, can support the housing market prices???

With 20% down you can get a 3 bedroom house for $1600/month.
Rent is $1800/month. How much below rent can we go?

I think the real problem is, no one can afford 20% down anymore, everyone is in massive debt right now. So I wonder if the correct figure for comparison is more like 5% or 10% down max? What ya think?

Land lords are not likely to drop their rent prices unless this over supply turns into new rentals and demand drops off.

[sdbubble]

I bet if you simply wait to buy after the first up year, you will be close enough to the bottom to be happy.

What are the chances of a 1 year bear rally in real estate and then another plummet? My only concern.

Wait until we burn through the massive inventory and foreclosure rates start heading back to the norm, and the first year we go positive, you buy.

No way were gonna have a crazy 20-50% rebound in one year after a crash like this. The market psychology will be way too damaged for that to happen again for a very long time.

Thats what im thinking now…

[sdbubble]

I bet if you simply wait to buy after the first up year, you will be close enough to the bottom to be happy.

What are the chances of a 1 year bear rally in real estate and then another plummet? My only concern.

Wait until we burn through the massive inventory and foreclosure rates start heading back to the norm, and the first year we go positive, you buy.

No way were gonna have a crazy 20-50% rebound in one year after a crash like this. The market psychology will be way too damaged for that to happen again for a very long time.

Thats what im thinking now…

[sdbubble]

I bet if you simply wait to buy after the first up year, you will be close enough to the bottom to be happy.

What are the chances of a 1 year bear rally in real estate and then another plummet? My only concern.

Wait until we burn through the massive inventory and foreclosure rates start heading back to the norm, and the first year we go positive, you buy.

No way were gonna have a crazy 20-50% rebound in one year after a crash like this. The market psychology will be way too damaged for that to happen again for a very long time.

Thats what im thinking now…

[sdbubble]

I bet if you simply wait to buy after the first up year, you will be close enough to the bottom to be happy.

What are the chances of a 1 year bear rally in real estate and then another plummet? My only concern.

Wait until we burn through the massive inventory and foreclosure rates start heading back to the norm, and the first year we go positive, you buy.

No way were gonna have a crazy 20-50% rebound in one year after a crash like this. The market psychology will be way too damaged for that to happen again for a very long time.

Thats what im thinking now…

[sdbubble]

I bet if you simply wait to buy after the first up year, you will be close enough to the bottom to be happy.

What are the chances of a 1 year bear rally in real estate and then another plummet? My only concern.

Wait until we burn through the massive inventory and foreclosure rates start heading back to the norm, and the first year we go positive, you buy.

No way were gonna have a crazy 20-50% rebound in one year after a crash like this. The market psychology will be way too damaged for that to happen again for a very long time.

Thats what im thinking now…

[sdbubble]

Point taken, even within a local area like san diego, real estate is still local, LOL. Just trying to zoom in on a general range.

I plan on buying something about 3 miles from the coast, dont want to pay too much premium. Something like west clairemont, or north park/south park, up to about carmel valley. Kinda in the middle and slightly east of the coast. Somewhere in that band, while avoiding too much air traffic noise.

Its surprisingly difficult. The san diego lay out is really quite a mess LOL

[sdbubble]

Point taken, even within a local area like san diego, real estate is still local, LOL. Just trying to zoom in on a general range.

I plan on buying something about 3 miles from the coast, dont want to pay too much premium. Something like west clairemont, or north park/south park, up to about carmel valley. Kinda in the middle and slightly east of the coast. Somewhere in that band, while avoiding too much air traffic noise.

Its surprisingly difficult. The san diego lay out is really quite a mess LOL

[sdbubble]

Point taken, even within a local area like san diego, real estate is still local, LOL. Just trying to zoom in on a general range.

I plan on buying something about 3 miles from the coast, dont want to pay too much premium. Something like west clairemont, or north park/south park, up to about carmel valley. Kinda in the middle and slightly east of the coast. Somewhere in that band, while avoiding too much air traffic noise.

Its surprisingly difficult. The san diego lay out is really quite a mess LOL

[sdbubble]

Point taken, even within a local area like san diego, real estate is still local, LOL. Just trying to zoom in on a general range.

I plan on buying something about 3 miles from the coast, dont want to pay too much premium. Something like west clairemont, or north park/south park, up to about carmel valley. Kinda in the middle and slightly east of the coast. Somewhere in that band, while avoiding too much air traffic noise.

Its surprisingly difficult. The san diego lay out is really quite a mess LOL

[sdbubble]

Point taken, even within a local area like san diego, real estate is still local, LOL. Just trying to zoom in on a general range.

I plan on buying something about 3 miles from the coast, dont want to pay too much premium. Something like west clairemont, or north park/south park, up to about carmel valley. Kinda in the middle and slightly east of the coast. Somewhere in that band, while avoiding too much air traffic noise.

Its surprisingly difficult. The san diego lay out is really quite a mess LOL

[Author]

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