Irvine wannabe..?

[socalhousingbubble_IHB]

awgee-

I'm equally nerdy in my areas of expertise (not taxes!), so the clarification is welcome.

SCHB

 

[ivcwannabe_IHB]

I guess I'm on to the game but the proper thing to do is rent/lease for now..yes? I just hate the notion of moving twice.

 

[awgee_IHB]

ivcwannabe - Moving is a pain, and stressful. But, would purchasing a home right now be any guarantee of not having to move again?

 

[socalhousingbubble_IHB]

"I guess I'm on to the game but the proper thing to do is rent/lease for now..yes? I just hate the notion of moving twice."

Moving is never fun, but if you aren't in a fully stuffed 4 or 5 bedroom, it's anywhere from $3k to $8k for a full service local move. You'll save that in a few months of renting.

SCHB

 

[ivcwannabe_IHB]

a 3 bedroom rental seems as much as mortgage these days..I assume the saving is no property tax and no home owners ins...?

 

[IrvineRenter_IHB]

"a 3 bedroom rental seems as much as mortgage these days"

Ummm... rental is about 1/2 the cost of a mortgage these days -- unless your mortgage is an Option ARM with a teaser rate.

 

[ivcwannabe_IHB]

sorry I'm used to paying $2K/mo. for mortgage payments for my place right now. What kind of place could I expect to rent for that much in/around Irvine?

 

[socalhousingbubble_IHB]

"$2K/mo. for mortgage payments for my place right now. What kind of place could I expect to rent for that much in/around Irvine?"

I know that amount will get you a mid-range two bedroom apartment from IAC.

SCHB