Quote:
Originally Posted by Bonded
I am kind of looking as well and probably pissing off my realtor. I am kind of stuck, can afford a house in the 450 range, but I can wait two years until the wife is done school and we can get into the 650k range.
Not sure if the best play is to bite the bullet and buy in the 450k range or wait until she is working and get into the higher ranges.
For what it is worth, anything nice that is sub 400k has been selling.
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Depends where you think the market will go.
If you think it will recover and pick up again, you're better off getting in and having your 450k place increase; then have some equity to help you trade up.
If you think it's gonna stay flat or go down, then wait as you're not missing out on anything.
Also, consider 2 years of renting and what that expenditure means to you.