Southern California Real Estate Bubble Crash Blog

As readers have no doubt noticed, my posting has become more and more erratic and eventually fallen off of a cliff.

Part of that is because my professional life has come to the forefront since it is firing on all cylinders; advancements in that area come with a price tag, and the other part is because I have been diligently seeking a home for my family.  With a third addition to our family, we have decided that while there is still a great deal of danger in the housing market, we have decided to purchase a home.  Make no mistake, I am not advocating buying a house at the present time for financial reasons, I think we have a lot of malaise at the present time, but after all is told, it is about the same price as renting, since interest rates are very low.  I intend to occupy the house for a long period of time, making my entry point less important to my longer-term emotional and psychological well being of my family.

If anyone wondered, yes the house is a foreclosure, and yes it requires a lot of work.  I highly recommend having a good agent in your corner, since negotiating without one doesn’t strengthen your position, and my agent, Brad Davidson offers a rebate of a portion of his commission to offset your efforts in finding the house.  If you’re in the market, I recommend contacting him at WeHelpUBuy Realty.  He’s a good friend and excellent agent.

In the end, we waited over 6 years before becoming homeowners again, we found that the emotional decision to buy a home is quite powerful for people that have already owned; it was for us.

Feel free to ask any questions that you might have in the comments; I will be as honest as I can, keeping my identity private.

Any thoughts?