[Porsche-O-Phile]

You don't have to apologize to anyone over this.

If you have a lot of $$$ liquid cash right now, can secure financing (in other words, actually find someone who will underwrite you, which it sounds like you've done), and are convinced you're able to stay put for at least 10-15 years using CONVENTIONAL terms, you'll be fine. Good on ya'. I wish there were more (including myself) so fortunate.

I do agree the "best" deals are coming. If you're playing this game strictly from a left-brained/financial perspective. The "bottom" per-se is not going to happen for at least 2-3 more years. So in that sense, can you get more for your $$$ by waiting? Absolutely. However one cannot discount the emotional, "irrational" component to this. Your wife wants a home for her family that you guys own. Understandable. As long as you ride out the decline in values of the next 3-4 years and don't pay attention to it (and assuming you still have the $$$ coming in to make the payments), there's nothing to worry about. Neither gains nor losses are realized until you sell. If you wait 20 years to sell, I doubt you'll lose. . . The only way you'll get shelled on it is if you end up in a situation where you have to sell in the next 5-10 years.

PV is an awesome area. I love it up there and would move there in a heartbeat given the chance. It's about as culturally removed from the L.A./SoCal ratrace as one can be without leaving the state, or at least the region. Great choice for one's sanity. The one thing I would caution is that if you're going to El Segundo every day, the commute "off the hill" is a bit of a pain. Not totally soul-crushing, but not great either. Crenshaw and the arterials to PCH/405 can get U-G-L-Y at certain times of day, but if you go off-peak it's reasonably okay.

Hope it all works out. Congratulations!