To BUY or LEASE: Topic reopened....

So, with Adam's work/life straightened out, it looks like we go back to debating BUY vs. LEASE.  I believe our lease is up in March.... I guess we'll start looking again early next year.  With all the jack-hammering lately, I'm ready to move!  Of course, the construction next door should be done by then.  

I was on a real estate website last week and was surprised that some of the houses we had been looking at back in February/March are still on the market, most of them at full price.  I'm shocked that with the housing market the way it is, these developers wouldn't be willing to forego some profit in the interest for getting the house sold/flipped (all those mortgage payments they've been making this whole time must be adding up).  We're coming in to winter, its not like there will be a lot of demand in December/January. 

The developer we were dealing with hasn't sold a SINGLE UNIT.  Wow.  Are we lucky we didn't buy, or what!  Our unit is still for sale 10K above where we had agreed to buy it, but he has brought some of the other units down between 50K-90K.  And, from what I can tell, nothing has sold on that entire block -- over 30 units.  Did we dodge a bullet, or what??? 

Last night I visited a friend in the burbs -- an hour commute to her house -- I'm so spoiled living across the street from work!!!  She lives in a nice development and the 'real" commute, using the train, isn't nearly as long as the drive I had yesterday.  Adam has a work friend that lives in a nice area in South Jersey too.  Adam isn't too keen on Philly real estate, so I think we'll probably start looking in the suburbs.  For me, its a toss-up between Jersey or PA suburbs. 

We've got plenty of time to debate the merits of both.....