Go on - ask me...

Crazy days on the road - having a great road trip vacation. No "Focus On" post this week because, well, we're ON VACATION.

But that doesn't mean we aren't doing a little work...

One of the things that comes with working in real estate is that you're always getting questions, mostly about the market. Sometimes I think that talking about real estate is the national pastime of the Bear Republic. So anyway, for anyone who is inclined to ask me what I think about the market - here's my answer:

We're buying a house.

We got back the signed contract on an REO today, and if all goes according to plan, we'll close on it at the end of next week. It's an REO with an out of town escrow, so place your bets... In fairness, this escrow company (Freedom Escrow in Newport Beach) seems to have been on top of it so far. It could happen.

Diane & I have been looking for an investment property for about six months now, both in the normal "retail" (listed in the MLS) market and at the courthouse steps. The trustees' sales at the courthouse steps has been one of our more interesting experiences this year, and one day soon I'll post about it. But in the end, we found our investment property in the MLS.

So anyway, bottom line here - I think that there's a real good chance that we're at the bottom of the market, and we'd hate to be looking back 5-10 years from now and knowing that we could have done this and missed out. So we're putting our money where our mouth is.

We're buying a house.