patrick.net

Quit your whining and wait.

Move out of those trendy, blown-dry metros and move your family to Victor Valley, where the real men collect their mail.

Buy now or be priced out forever?

Buy, buy, buy, housing only goes up. If anyone else tells you differently, ask any realtor if now is a good time to buy. After all, a realtor would never lie to you about housing.

SFBA (at least the RBA) poses the same problem. In 2010, prices were coming down from incredible to merely unreasonable. I waited patiently for the bubble to finish bursting, and hoped to buy an old place that hadn't been flipped. (I refuse to pay extra for flippers' faux "improvements".) Then Bubbles Ben began blowing his bellows, reflating and now setting new records. I put in an offer on a condemned place, officially condemned, on a tiny patch of land, but somebody else bought it for $1 million. IDK what to say, except I look outside the SFBA for places that haven't gone totally insane.

JodyChunder says

Victor Valley, where the real men collect their mail.

Alas, the real men are surrounded by closet case pretenders and their scared wives, who elect the worst government imaginable. I'm not moving to a Knight district, no matter how cheap. Reading Bop69's comments makes me realize why so many people in those areas own guns: if I had neighbors like him, I'd want an AK too. I see postbubblesuccess bragging that his house has gone up to a level that makes me laugh. Around here, people could dig enough change out of their sofas to buy his house and paint it twice, and he can't even spell, but he brags as if he were a genius. The issue is how to find a place that's reasonably priced, but where the neighbors aren't complete assholes. (Sorry JodyChunder, I like you, but your neighbors are both intolerable and intolerant, in equal measure. It's a testament to your strength that you can stand them, but I can't.)

We shall see. The fat lady hasn't sung yet. I refuse to buy a 800k shack that I can buy for 250-300k elsewhere. The pay difference really isn't that much anymore. You may get 10-20k less a year, but that is not worth 400k more in house prices. I don't own and that gives me freedom to move and I am seriously looking at other opportunities. Perhaps now that I am finally settling down and am ready for kids-it might be good to move.

The prices in certain areas of Orange County really didnt drop much. In fact, there are several areas where prices are significantly higher now than 2006 bubble prices. If OP is looking in these areas, would it make sense to buy as Carolyn C suggests? Im glad it worked out well for you Carolyn, but your scathing rant about the OP is rather rude especially since he did nothing to offend you and ignorant especially since you do not know or understand his situation.

The funny thing is that no one knows exactly what will happen in real estate, yet you seem to believe you know what is going to happen. If so, perhaps you should be buying a few more, looking to sell at a profit in the next couple years...

lostand confused says

Perhaps now that I am finally settling down and am ready for kids-it might be good to move.

stay out of S. Cali and you should be fine... haha

robertoaribas says

Did the OP read a bunch of post on here a couple years ago, that were so 100% certain home prices would fall a great deal more?

didnt it in arizona?