I am out! See you guys in two years!

good luck...

Hope you stick around anyway, Jason.

Won't you miss us?!

i feel like joining...

me too. I also renewed my lease so I guess I'll be back in about 18 months to go out on the hunt once again. Good luck to all of you & Enjoy your summer :)

congrats!

TWO YEARS!!!
The market will turn while you slumber.
Studios in dangerous housing projects will cost 750k!
Don't go...
Buy now or be priced out forever!!!
Just kidding...enjoy you next obsession.

lol. I'll admit, I've considered the 2 year for the next lease. Takes some balls... but history does support it.

just out of curiosity, why would you no longer follow real estate just because you signed a lease? I know the obvious reason: I am now financially committed to renting to why worry about buying until my lease is close to up. But that never made sense to me. I just renewed my lease for a year, but am still looking. Worse comes to worse, I can always negotiate a sublease and effectively get out of my lease. Or negotiate a transition with my landlord as long as I'm willing to cover rent while he finds another tenant. Or, at worst, make him whole on the difference in rent between what I'm paying and what he can get when i try to leave. But all those pale in comparison to being flexible enough on timing to save another 10%-15% on my purchase price, or finding the ideal apt for me, etc.

I am in no way going to let something as arbitrary as my lease duration going to limit my decision to purchase. In fact, if you only look to buy in the 2-3 months leading up to the end of your lease, feels like letting the tail wag the dog and limiting your purchase window unnecessarily...

just my two cents.

" In fact, if you only look to buy in the 2-3 months leading up to the end of your lease, feels like letting the tail wag the dog and limiting your purchase window unnecessarily... "

I do agree a bit there.

The cost of breaking could be worth the "deal" you can get in 1.5 years or something

"I am in no way going to let something as arbitrary as my lease duration going to limit my decision to purchase. In fact, if you only look to buy in the 2-3 months leading up to the end of your lease, feels like letting the tail wag the dog and limiting your purchase window unnecessarily..."

I've said it before - if you are serious about buying and getting a good deal, doing the legwork is not really something you can take a break from. I doubt this is the case for most, but it seems like some out there just expect that the downturn in the economy will fling a bargain in their laps.

Agreed, it takes work. Which is what can make signing a two year lease a little comforting... you're committing to not working on it at least for some time.

We just signed a 2-year lease and yet I am still obsessed with RE. I expect I will continue to closely monitor pricing and availability so that we can buy in the next few years.

(Plus, I am addicted to StreetEasy.)