For me it came down to do I want to complain about renting or buying....you make the choice...no matter what somebody's gonna complain that's the plain and simple...oh and if you think any thing's gonna get cheaper your outta your mind....cause as far back as I can remember EVERY THING'S more expensive than when I was a kid......so about house's getten cheaper just dont see it happening....HOMIE.... :lol: :lol: :lol:
Ruben, houses are becoming more affordable, from last year to this year, most Socal homes have lost 25% of their inflated value.....thats not peanuts homie.... and homes dont get cheaper, they just get more affordable....... when a person would save 20% for a down payment, and get a 30 year fixed loan.... money is not cheap anymore, and like Pdogg has mentioned, now these days, most buyers need a downpayment and reserves... no more 100% financing and no documentation loans (meaning, you have to prove your income, with W2, Paycheck stubs, Income tax forms, bank statemenst, etc)..... its hard to lie on what you make anymore, in order to qualify for a loan...... thus affordability is no longer there with the current prices, therefore, they must drop.
Pdogg, I have to disagree with you that its a buyer's market, prices are still through the roof..... they will return down to the year 2000 prices....... watch out for the next door foreclosure, you can lose $100K in a heartbeat.
