California Homeowners Caught in Affordability Squeeze Staying Put

Whenever the Santa Cruz / Bay Area housing market starts nearing a peak, most home owners contemplate selling. They see all the appreciation in their home and want to capitalize on it. The main question this brings up is, "what's our next move"? Do we buy back into this overpriced market or do we rent until prices come back down? The answer can sometimes be tricky, it really depends on the sellers circumstances. For me, I like to try to get the most out of the market, so selling and then waiting for a market reset is my first choice. What are your thoughts? 

To read the entire article, go to: http://www.worldpropertyjournal.com/real-estate-news/united-states/los-angeles-real-estate-news/california-home-affordability-2015-survey-of-california-homeowners-california-association-of-realtors-rising-home-prices-in-california-affordability-squeeze-real-estate-news-9326.php