Took the plunge and crossed over

User Forum Topic
Submitted by researcher9 on April 19, 2011 - 10:40pm

Thanks a lot to all the Piggs for all the valuable education from this board ... I finally took the plunge after 3 years of research and crossed over to the other side. Not quite the Dream House, but perhaps the right balance of lot size, schools, $/sqft, Ocean Views and High Tension Power Lines/Towers, that I can afford within my budget.
Locked in at 4.875% (got a PMI less than the going rent in this area), at around 2001 inflation adjusted price.
Good Luck to all the other piggs in waiting.
For me, now its about time for Buyer's Remorse as I discover the areas and ways I overspent on this deal :)

Submitted by jpinpb on April 20, 2011 - 7:37am.

Congrats. I'm thinking of starting a thread called the ravages of homeownership. I feel your pain, but. I hope you enjoy your new home.

Submitted by CafeMoto on April 20, 2011 - 10:13am.

Congratulations to you, sure you will enjoy. Especially that you stayed within your budget.

Submitted by earlyretirement on April 20, 2011 - 10:18am.

Congrats....we're also about ready to enter the dark side...ha ha. I've been on the USA real estate sidelines for the past 6 years waiting for it to fall. We will be buying this year so know what you are going through.

I think if you're buying for the long term and buying a home to live in vs. an investment for the long term..now is an ok time to buy.

Submitted by researcher9 on April 20, 2011 - 4:58pm.

Yes I agree ... for long term living, this appears to be ok time. For us it simply came down to the difficult question .. Should we buy the one which meets most of our requirements and buy at today's price-point or should we pass on this one and try to get additional 5-10% discount on something (unknown) in future. This house is somewhat unique for the neighbourhood with larger lot and ocean views etc ... other properties in the area are also nice but dont have a larger lot and privacy etc.

Submitted by CA renter on April 21, 2011 - 1:30am.

Sounds like you've found a nice property, researcher.

Congratulations! :)

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