Time to relocate :/ Fisherman's perspective on Real Estate - Kayak Fishing Adventures on Big Water’s Edge

Goose1993 · 08-05-2015, 11:46 AM

Clairemont is nice. Family neighborhoods and 10 minutes from la Jolla.

DanaPT · 08-06-2015, 06:34 AM

Over the long-term... I really like the idea of owning the home you live in. Renting is okay, but hard to beat real estate as in investment... From tax benefits (mortgage int. and prop tax deductions) to the fact that it's one of the few asset classes indexed for inflation.

What I don't like right now are prices. BUT we are moving from a "seller market" to a more neutral market in the bigger picture. In the near term we are moving into the typical RE slow season over the next few months. we may see more listed homes, fewer buyers, and maybe even a better deal on something. I'd expect this to accelerate a bit when mortgage rates rise.

Buy the most you can afford BUT keep your monthly payment (PITIA) near market rent in the area you buy. Plan to stay put for at least 7 years while gainfully employed and it should work out fine.

Good luck on your search. I'm a mortgage broker and would be happy to help anyway I can.

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08-05-2015, 11:46 AM	#1
Goose1993 Senior Member Join Date: Mar 2015 Location: San Diego Posts: 115	Clairemont is nice. Family neighborhoods and 10 minutes from la Jolla.

08-06-2015, 06:34 AM	#2
DanaPT Senior Member Join Date: Sep 2010 Location: South OC Posts: 1,606	Over the long-term... I really like the idea of owning the home you live in. Renting is okay, but hard to beat real estate as in investment... From tax benefits (mortgage int. and prop tax deductions) to the fact that it's one of the few asset classes indexed for inflation. What I don't like right now are prices. BUT we are moving from a "seller market" to a more neutral market in the bigger picture. In the near term we are moving into the typical RE slow season over the next few months. we may see more listed homes, fewer buyers, and maybe even a better deal on something. I'd expect this to accelerate a bit when mortgage rates rise. Buy the most you can afford BUT keep your monthly payment (PITIA) near market rent in the area you buy. Plan to stay put for at least 7 years while gainfully employed and it should work out fine. Good luck on your search. I'm a mortgage broker and would be happy to help anyway I can.