2 ms·
I don't feel you have to worry about buying a house in Seattle. Prices may be rising (Chinese money) but Interest rates are favorable. Be careful with a Condo b
by hourislate 10y ago
I don't feel you have to worry about buying a house in Seattle. Prices may be rising (Chinese money) but Interest rates are favorable. Be careful with a Condo because it can get pricey with monthly fee's and it's difficult living with other people. I always feel like a home is a better investment. Eventually your wife will be working and things should get easier. Homes require more attention than a Condo but you can save money by doing things yourself. Cutting the grass, making small improvements, etc.
If the hype of ML/AI comes true then the banks are going to have huge problems because no one is going to be paying their loans/mortgages anymore. Some advice to protect yourself. Buy the least expensive house in the most expensive and desirable neighborhood you can afford.
I'm on my 5th house since 1992 and have never lost money on any of them. I've actually made out very well.