SoCal House
SoCal House
Out of context: Reply #16
- Started
- Last post
- 30 Responses
- ninjasavant0
The thing that makes it a bad time to buy is the fact that rates are high compared to recent history so you'll pay a lot in interest and since the sub prime market is bottoming out, unless you've got over 100k for a down payment or can handle a 2-3000/mo mortgage not to mention taxes (a friend of mine just had to take out a loan to pay his property taxes in Tracy of all places) in the area its just not a good time to buy unless you're either in the rental market or the luxury home (10 mil+) market which is actually booming.
IMO, California real estate is more a matter of pride than investment for the average consumer.