What are the chances for an average income family to buy a house in southern California and not have trouble paying the mortgage. Of course am talking about buying in a desent place. when? in the near future, i'll leave the time line open for you to answer. in other words when will house prices hit low at prices the average family can afford.
This question is important to me because i been living in Utah for the past 3 years now that i am close to graduation from college. i will be able to move back and enjoy places where i grew up. Thank you.
2007-09-28 18:26:32 · 2 answers · asked by ofgc12 1 in Business & Finance ➔ Renting & Real Estate
You shouldn't buy for at least 3 to 4 years. The prices will drop for the next 2 to 3 years and then they will stay down for a couple of years. You have time to save $$. We will loose at least 50% of the value of homes in this time period.
2007-09-28 18:30:56 · answer #1 · answered by Patrick G 4 · 0⤊ 1⤋
SF would be great if it didn't cost an arm and a leg to get a house the size of a garage in the midwest. The weather is good, mild and sunny mostly and no winter. I like it better than San Diego, but it is warmer in SD. Probably you should visit both, the culture is different in southern california from northern california, some people just seem to go better with one or the other.
2016-05-21 02:54:52 · answer #2 · answered by Anonymous · 0⤊ 0⤋