{"id":1432,"date":"2007-05-15T10:17:35","date_gmt":"2007-05-15T17:17:35","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=1432"},"modified":"2007-05-15T11:00:19","modified_gmt":"2007-05-15T18:00:19","slug":"when-to-buy-now-later-never","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1432\/when-to-buy-now-later-never\/","title":{"rendered":"When To Buy? Now — Later — Never?"},"content":{"rendered":"

Last night Greg posted an Ask The Broker<\/a> question — In your market, is it better to buy in eight months or 14 months?<\/strong> Aside from the arbitrary and limiting waiting periods, it’s an excellent and very timely question. It’s also a question my bride and I are tossing around these days.<\/p>\n

We’re still living in my bachelor pad which is a very well located condo in a suburb of San Diego in what’s informally known as East County. It has plenty of room, is incredibly convenient, and has served us well. But we want to buy a detached home in the area. Our current floor plan was apparently designed by a sixth grade class project, and since my wife (in a former life) was a very successful interior designer, it’s time to end her suffering.<\/p>\n

Deciding to buy a home in San Diego isn’t a choice made on a lark. A piece of mundane crud goes for half a million bucks. Also, we’re probably going to insist on a granny flat or room to build one, as my mom is closer to 80 than 70. We may actually end up with two extra flats as my mother-in-law is also approaching the time when she’ll need family close by. So our price range will fall somewhere around $700-1Mil — ouch! We’ve been spoiled by the relatively low monthly housing costs we’ve enjoyed for the last few years.<\/p>\n

Adding to the cost of buying of course, will be the truckload of cash Queen of All That Is BawldGuy will require to make the new house our home. When you marry a designer you know this going in. Moving or adding walls, and even rearranging entire floor plans isn’t out of the question with her. I’m already practicing my “of course, honey” responses. \ud83d\ude42 Since I couldn’t design my way out of a wet paper bag, this is guaranteed to be the correct approach.<\/p>\n

Our market hasn’t been hit nearly as hard as Phoenix. I haven’t checked, but I can’t imagine we’re mirroring their market — only one of nine homes listed actually selling. And, also Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Last night Greg posted an Ask The Broker question — In your market, is it better to buy in eight months or 14 months? Aside from the arbitrary and limiting waiting periods, it’s an excellent and very timely question. It’s also a question my bride and I are tossing around these days. We’re still living […]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5],"tags":[],"class_list":{"0":"post-1432","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-ask-the-broker","7":"category-real-estate","9":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":692,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/692\/new-tricks-just-how-much-noise-can-a-pack-of-big-dogs-can-make\/","url_meta":{"origin":1432,"position":0},"title":"New tricks: Just how much noise can a pack of big dogs can make . . . ?","author":"Greg Swann","date":"November 27, 2006","format":false,"excerpt":"With this post, this little puppy is making sounds like a grown-up hound dog... BloodhoundBlog began five months ago as a Phoenix-area brokerage-oriented real estate weblog. We became a sort of hybrid group-blog when we added mega-producing Phoenix-area Realtor Russell Shaw. We stuck another paw in the water when we\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":934,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/934\/ask-the-broker-is-there-any-diversifying-alternative-to-real-estate-investing\/","url_meta":{"origin":1432,"position":1},"title":"Ask The Broker: Is There Any Diversifying Alternative To Real Estate Investing?","author":"Jeff Brown","date":"January 23, 2007","format":false,"excerpt":"Nick writes:Hi. I often scan your site and you seem to have collected a group of savvy and knowledgeable contributors. Here's my question for you and them: What is the opposite of real estate? I know diversification is a smart strategy and many investors limit their risk by investing in\u2026","rel":"","context":"In "Ask the Broker"","block_context":{"text":"Ask the Broker","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/ask-the-broker\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":710,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/710\/the-sight-the-scent-the-touch-of-rich-luxurious-full-bodied-real-estate-commentary\/","url_meta":{"origin":1432,"position":2},"title":"The sight, the scent, the touch of rich, luxurious, full-bodied . . . real estate commentary . . .","author":"Greg Swann","date":"November 29, 2006","format":false,"excerpt":"Today, Jeff Brown is a thorn among roses. We're adding a new contributor, San Diego Realtor and super-blogger Kris Berg. With Cathleen Collins below the BawldGuy and Kris above, the median quantity of hair approaches the statistical mean. But rich, luxurious, full-bodied hair -- or none at all -- is\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":808,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/808\/santa-brought-us-a-new-contributor-introducing-brian-brady\/","url_meta":{"origin":1432,"position":3},"title":"Santa brought us a new contributor: Introducing Brian Brady . . .","author":"Greg Swann","date":"December 26, 2006","format":false,"excerpt":"We're adding a tenth contributor today, Mortgage Broker Brian Brady: Brian Brady is a San Diego-based mortgage broker. Working with his wife, Debra, Brian deploys six years of experience on Wall Street to make sure the loans he underwrites fit his clients' overall financial plans. You may know Brian's work\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12624,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/12624\/re-entering-the-real-world-of-real-estate-brokerage\/","url_meta":{"origin":1432,"position":4},"title":"Re-Entering the Real World of Real Estate Brokerage","author":"Jeff Brown","date":"July 9, 2010","format":false,"excerpt":"As many of you know, I stopped doin' business in my local market, San Diego, at the end of 2003. Since then I've done two transactions here, both as listing agent -- both gettin' the sellers Outa Dodge, so to speak. I haven't bothered to market here cuz, well cuz\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1671,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1671\/redfin-cops-another-12-million-raising-investors-stake-in-the-discount-realtybot-to-40000-per-closed-transaction\/","url_meta":{"origin":1432,"position":5},"title":"Redfin cops another $12 million, raising investors’ stake in the discount realty.bot to $40,000 per closed transaction","author":"Greg Swann","date":"July 17, 2007","format":false,"excerpt":"The indefatigable John Cook:Redfin has raised an additional $12 million in venture funding, money that the Seattle discount real estate broker will use to enhance its Web site and expand into new markets. First up for Redfin are the Washington D.C and Baltimore areas, which are being unveiled today. 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