Quote:
Originally posted by Wayne at Pelican Parts
I agree 100%, and it does include a factor. Believe me, if the numbers were closer, it would be a decision to buy - I am waiting for the numbers to get closer (and the laws of supply and demand would seem to dictate that the market will rebalance itself again, either through rising rents, or a decrease in housing prices).
Trouble is, we cannot afford a house right now that would be long term (20+ years), so it's a bit of a moot point. Any house purchased right now would be a "intermediate" (indeed a step up from our previous townhome / condo), but it wouldn't be the end place for us to end up. Unfortunately, we also have a special-needs child now, and that is a huge constraint on which areas we can live in, as the school districts must be good for her.
So yes, I agree, there are a lot of intangibles that cannot be placed merely on a spreadsheet. I just wanted to make sure that the numbers I was seeing (hugely skewed towards renting) were 100% accurate, and that I wasn't missing anything.
-Wayne
|
The school district is a huge priority (similar boat here) - and why I commuted to West LA from Irvine for many years. Anyway, I'd be curious how the numbers work out with real-world numbers for the neighborhood you want to rent/buy in.
Ultimately, how sharp is your crystal ball? You are betting on a contraction in RE values because that's the single biggest factor in the analysis.