Great time to sell. Terrible time to buy. I sold my house on an expensive piece of land last summer, and we're renting a townhouse in the meantime.
Great time to sell. Terrible time to buy. I sold my house on an expensive piece of land last summer, and we're renting a townhouse in the meantime.
I'm about to just say **** the house shopping & scratch my itch for another fast toy.If someone were trying to upgrade or, they were a new home buyer, absolutely wait.
In the area Im watching Willis,Tx the same house has been sitting for 6 months and has been dropping in price to the point my wife and i are going to look at it.
Where im at now Galveston,tx we have seen such an expansion the city had to pass an ordinance to stop building. My rent is more than im looking at payinf for a mortgage
I bought at $500K house in 2006 that was in a prime location that I'd watched for 25 years. Then our market in NC peaked in 2007. Then the great recession of 2008. I was self employed and managed to make payments, but by 2017 it had only appreciated 100K in 11 years. I dumped it while the market was hot, because during the recession you couldn't give away these expensive houses.****!
I've been "putting off" buying a house now for like 2 years. I'm at the point where my actual want is about to surpass my laziness. However, not only this post but friends saying things as well, now I'm questioning if I really should. I can easily put down 20% on a 200-300K house, but then in 6 months it could be worth 150-225K.
At this point, the longer you wait, the higher it is going to go.****!
I've been "putting off" buying a house now for like 2 years. I'm at the point where my actual want is about to surpass my laziness. However, not only this post but friends saying things as well, now I'm questioning if I really should. I can easily put down 20% on a 200-300K house, but then in 6 months it could be worth 150-225K.
you are talking about the obummer admin. Now we are under TRUMP =)I bought at $500K house in 2006 that was in a prime location that I'd watched for 25 years. Then our market in NC peaked in 2007. Then the great recession of 2008. I was self employed and managed to make payments, but by 2017 it had only appreciated 100K in 11 years. I dumped it while the market was hot, because during the recession you couldn't give away these expensive houses.
What goes up must come down.
At this point, the longer you wait, the higher it is going to go.
Once you’ve been in a bubble that burst, you venture in only cautiously. My sister and her husband had to bid till they finally “won” a house more than a decade ago outside DC.you are talking about the obummer admin. Now we are under TRUMP =)
housing is just like any other market. You have to know when to buy and when to sell. Right now I would SELL. And I am thinking about it for sure. There is huge difference between 2009 and now. The difference is, banks have been STRINGENT on house loans. Back in the day they were handing them out like candy. After the crash, they started probing people before handing out money. That is why I think we are safe from another bubble. They say the housing market goes in 12 YEAR cycles. Like I said, I think our market is strong right now.Once you’ve been in a bubble that burst, you venture in only cautiously. My sister and her husband had to bid till they finally “won” a house more than a decade ago outside DC. They are still buried.
exactly. no such thing thing nowadays. Their butts puckered and they got smart. trying to get a house in 09 was like trying to **** brittany spears with $1 cash in hand.The 08 crash happened because of high stocks and easy loans.
Housing market is high because of good jobs and and high stock market. The 08 crash happened because of high stocks and easy loans. The market will fall it just remains to be seen how much.
Will it be like 87 or 08?
At this point, the longer you wait, the higher it is going to go.
I think the market is going to adjust...it has to. Prices are out of control. We bought a house in Wisconsin three years ago and sold it a few months ago for $5k over our asking price. We made out like bandits after only 3 years. Did I mention it was on the market for 1 day? And it was around the holidays too! In a cold climate!
Now we are in Vegas and are locked into a rental home in Green Valley/Henderson until January of next year. I'm thinking of renting instead of buying here. Craftsmanship is garbage, houses are close together, etc. I'm taking a "wait and see" approach. We're not blue collar though, so we have that advantage. We don't have to move a family of 4 into a 1 bedroom apt. (thank God).