Got a kid coming my way so I want to prepare myself and I was wondering if its a good time to purchase a home in Ontario California. I have looked at other areas here close to Los Angeles and woof is it expensive! I have crossed out of my list: Fontana, Rialto, Bloomington, Palmdale, Lancaster. What do you guys recomend? Should I buy or rent. Is there a Real Estate "Bubble" coming?
2007-03-01 08:22:00 · 4 answers · asked by vicpal25 2 in Business & Finance ➔ Renting & Real Estate
It is always a good time to buy, the quetion is what are you buying, and how much are you paying for it. There are great deals happening all over southern California. If you take the time to find a good value, your net worth will automatically grow, and your savings will increase every time you make a payment. As long as you stay in it there is no reason to worry about a bubble.
That being said, you do need to make sure you are getting into a place you can afford, and in an area that you can live in. You do not want to be strapped every month with a child on the way, they are expensive. Also you can not afford to have to move in a couple of years and give up your equity. Once you are in a home stay there and eventually the value will grow.
If you are interested in finding out what you can afford shoot me an e-mail I can help.
2007-03-01 10:27:20 · answer #1 · answered by Ron B 3 · 0⤊ 0⤋
There is no bubble. It's made up, especially in California. The market in California will continue to grow at an amazing rate. It's always a great time to buy and will be the best investment you can buy. The Ontario area is a great idea. It's just outside LA, but close enough. Palmdale and Lancaster are good ideas too, they're moving the building out closer that way now. BUY BUY BUY!!! Don't rent, it's money in the toilet.
2007-03-01 17:34:49 · answer #2 · answered by Jilli Bean 5 · 0⤊ 1⤋
Actually house prices are falling in much of California right now. If you bought a house now, chances are you'll be able to sell it in the future for more, but the market will probably bottom out in another 6 months or later.
2007-03-05 04:19:28 · answer #3 · answered by Wildernessguy 4 · 0⤊ 0⤋
It's a good time. Economy is growing in IE. North Fontana is a great place. It's served by Etiwanda USD, if you can afford the 500K and up range.
2007-03-04 01:19:36 · answer #4 · answered by Anonymous · 0⤊ 0⤋