Market Timing in the Southern California Real Estate Market

[googleit123]

I'm considering buying a single family residence or condo. I understand right now it's a buyers market but average prices are climbing again. I could buy now, but I want to wait and see if I could get a better deal (lower price and better interest rate) if I wait.

My parents have a house they could sell me (1.2M), but it's out of my range. The benefit to that is I will pay very little interest. It's in a great location, has a view and is in good shape.

Plan B is a condo by a golf course ($550k). Good location in a remote area but only minuites to amenities.

The LDO approach I think is the condo, but should I buy now or wait???

Thanks in advance

[Ryno]

Your parents would sell an investment property to you at alltime highs?? Hardcore. I want a piece of your future.

There is no answer to your question. The world is flooded with dollars and dollars buy USA real estate, so it is expensive. Just like any other asset you can buy with US Dollars. I own my house because I like where I live, so fall back on that and try to be prudent at the same time.