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If you are waiting to buy, how long do you expect to wait?


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2012 Apr 20, 3:17am   72,024 views  134 comments

by 1sfrenter   ➕follow (2)   💰tip   ignore  

We need to move and are sick of renting, but worried that the market has another leg down. We've been waiting for this bubble to play itself out since 2001, are getting older, and don't plan on being lifelong renters.

If you've been waiting to buy, are you waiting indefinitely (as we have for the past 13 years) or do you have a time frame (ie., 6 months, 1 year).

If we buy we plan on staying 10-20 years, or forever, whichever come first.

Thanks to this website and a few other housing blogs, we didn't buy during the bubble. I have friends who did and are now seriously underwater and stuck.

Would hate to be the sucker that shoulda waited another 12 months. Waiting another 3-5 years isn't really an option, I'd like to quit being an amateur armchair economist and get on with my life and stop thinking about housing before I retire.

I know none of us have a RE crystal ball, but the group wisdom saved me from being a sucker 6 years ago when everyone else was behaving like lemmings.

#housing

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131   freak80   2012 Apr 26, 12:15am  

bmwman91 says

I guess it is worth all that money to enjoy the lack of snow & humidity when walking between your office & car.

Hilarious. It's also worth it to work in a windowless cubicle in coastal California rather than work in a windowless cubicle in Buffalo, NY.

132   freak80   2012 Apr 26, 12:20am  

rootvg says

That's because money has no value here. There's too much of it.

Inflation.

Newly printed money from Fed -> Wall Street -> Tech IPOs -> Silicon Valley real estate

133   bmwman91   2012 Apr 26, 10:00am  

wthrfrk80 says

Inflation.

Newly printed money from Fed -> Wall Street -> Tech IPOs -> Silicon Valley real estate

LOL

Sir, are you suggesting that our esteemed web service companies are somehow being fueled by funny money?

134   freak80   2012 Apr 26, 1:36pm  

bmwman91 says

Sir, are you suggesting that our esteemed web service companies are somehow being fueled by funny money?

Of course not. ;)

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