I bought my house at the height of the market in 2007 and I'm doing ok. Granted, I live in Seattle where real estate is fucking bonkers, but still. The big thing is to to be realistic, make sure you can afford whatever you buy and that you're ok with it. Ultimately it's your home and you should be happy living there more than seeing it as an investment vehicle. The people who hang out in that Reddit are probably super conservative about finances and would freak out over anything.
I bought my house at the height of the market in 2007 and I'm doing ok. Granted, I live in Seattle where real estate is fucking bonkers, but still. The big thing is to to be realistic, make sure you can afford whatever you buy and that you're ok with it. Ultimately it's your home and you should be happy living there more than seeing it as an investment vehicle. The people who hang out in that Reddit are probably super conservative about finances and would freak out over anything.
Realistically I’ll only be paying slightly more than I am for rent, so it’s a real no-brainer for me.
I bought my house at the height of the market in 2007 and I'm doing ok. Granted, I live in Seattle where real estate is fucking bonkers, but still. The big thing is to to be realistic, make sure you can afford whatever you buy and that you're ok with it. Ultimately it's your home and you should be happy living there more than seeing it as an investment vehicle. The people who hang out in that Reddit are probably super conservative about finances and would freak out over anything.
Realistically I’ll only be paying slightly more than I am for rent, so it’s a real no-brainer for me.
I bought my house at the height of the market in 2007 and I'm doing ok. Granted, I live in Seattle where real estate is fucking bonkers, but still. The big thing is to to be realistic, make sure you can afford whatever you buy and that you're ok with it. Ultimately it's your home and you should be happy living there more than seeing it as an investment vehicle. The people who hang out in that Reddit are probably super conservative about finances and would freak out over anything.
Realistically I’ll only be paying slightly more than I am for rent, so it’s a real no-brainer for me.
Eh, maintenance can be a bitch. Make sure that roof isnt about to need a replacement.
as someone currently pricing some roof fixes, definitely get an inspection. in some states/with some lenders its required anyway
also figure out your property taxes and such too
Is it something you could do yourself? The only thing I've ever paid to have done on my place was having a new furnace installed and redone duct work in the basement.that's what i'm trying to figure out right now, got a guy coming today to take a look. noticed last week after a big rain that part of the carpet next to the wall was really wet and the pad was soaked. doesn't seem to be coming up from the ground so it might just be a patch job.
going in with 15k already puts you on far better footing than i had when i got my first home. sounds like you're in a good place and you don't have a rush to get a new place so you're going in the best you can.
Haha that’s the opposite reaction I received from the personal finance subreddit. They seem ultra conservative and frugal when it comes to big purchases.They probably want you to save 20 percent to avoid PMI.
I have about $15000 saved up for a home so I’m not really stressing, but all the sensationalist headlines made me think we were heading toward 2009 part 2.
Been meaning to make a general thread like this for a while. I don’t think one exists, and if it does it’s dead.Just put some comfort in the fact that the economic decisions by this administration are made based on the recommendations of a cocaine addicted drunk who didn't finish his economics degree.
Should I be worried about this stock market stuff? Was literally pre-approved for a home a few weeks ago but I’m wondering if there’s any reason I should be concerned.
Rates have never been lower dude, load up on debt
How do I invest in surgical face masks
Rates have never been lower dude, load up on debt
Just live your life without trying to use a home as an investment vehicle.spoiler (click to show/hide)By the time you pay it off or sell, the economy will have recovered.[close]
Traditional logic: People have less money, buy fewer houses (=less demand), prices go down.
wow thanks occam
The housing market won't react to the recession.spoiler (click to show/hide)The housing market will react to the recession.[close]
you can back out after the inspection, usually within 7 days but it depends on your contract. there's a form letter you can fill out for the seller. rates are at record lows right now but they could keep dropping, either way its not a bad time to buy a house so if you really like this one just do it.
i bought my house when the economy tanked and the rates dipped more after but i still sold it for a good profit so if you're looking at it from that perspective it's almost certainly still a good investment unless we get to mad max time anytime soon.