07-08-2019, 08:57 AM
(07-07-2019, 09:00 PM)GTBrandon Wrote: Also, what are y'all's opinion on where the overall market is headed? I do worry it's nearing the top again, and don't want to buy right before a major drop. But I also don't want to pay rent for 1-3 years while I wait for the market to adjust, because that loss might be the same as the new lower price of the house.
Firstly, and please don't take this as an insult, but I think your idea is a bad one. Literally every thing you said is bad, especially for literally one of the most expensive real estate markets in the country. Relax. Pay rent. Save money. Buy a townhouse on foreclosure.
As for the market...yeah I think we're pretty close to a top, but it's going to depend a TON on the next, say, 3-4 years. Will the economy keep going? Will unemployment stay low? Will CHEETUS get re-elected? Will China actually decide to have a sane monetary policy? Will we elect an old New England commie for president?
I think it's an expensive time to buy, and you're literally betting your future livelihood on 'Sky's the limit, baby!'
I think it's unwise.
1987 Oldsmobile Cutlass 442