[l2ridehd]

There are many other things to consider when trying to pick the right time to buy. I agree that we are at or close to the bottom of the price curve. It may go a % or 2 lower, but not much more then that. Also we are probably close to the bottom of the interest rate curve. Other things to consider, would you use the home if you bought now? Would you rent it any? What would the cost difference be if you wait? I worked mine out using a possible purchase of a 250K home. With 20% down you end up with a monthly cost for mortgage, taxes, mowing, water, electric, TV fees, and everything else I could identify of about $2,000 a month. I think I may actually come in just slightly under that, but it could also be a little more with a higher bond. So if I use it for 1 month a year and I rent it for 4 months a year, the net cost to me will be somewhere around 12K a year, even a little less if I consider the added tax deductions.

Do you believe homes in TV will appreciate 5% a year for the next 36 months? Do you believe interest rates will increase in the next 12 to 24 months? If your answer to these two questions is yes, than now is probably a good time to buy. You could wait for 6 to 12 months and may do a little better, but I think the odds are you will do a little worse.

In either case right now the selection is great, owners are willing to deal, and you can pretty much cut your own deal. Once prices start to move up even the slightest amount that will change. So as you have guessed by now, I bought a couple months ago. I think it is very unlikely I will lose anything and I have a lot more potential to gain value.