OK, I own a manufactured house in Anaheim. I have 1900 sqft. I pay $1900 per month for park rent, house mortgage and all utilities and insurance. I can sale this place and pay off the loan and get a small amount of cash. Here is my situation and my question. I want to put my daughter into a good public school that has a good girls basketball program. That means Brea, CA. The average house with this sqft is $500 - $600,000. Now I have $150,000 to put down. Should I buy now or will these high prices come down within 1 year. A lot to ask so only asking for ideas and suggestions. Regards
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Thread: Do I buy now or wait
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07-24-2005 07:12 PM #1
- Join Date
- Jul 2005
- Location
- Anaheim, CA
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- 1
Do I buy now or wait
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07-25-2005 04:54 AM #2
- Join Date
- Oct 2004
- Location
- Florida
- Posts
- 2,132
Re: Do I buy now or wait
Why would real estate prices go down in your area? That would only happen if some major companies pulled out your area, or did some huge layoffs (like tens of thousands of layoffs).
Buy now or you will regret it later.
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07-25-2005 03:32 PM #3
- Join Date
- Jul 2004
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- 902
Re: Do I buy now or wait
I'm buying now and I'm in San Diego...
Anaheim isn't too far off.....
but like any investment, factor risk and return = )
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