2 ms·
Your position isn't unique. I own my home, but if the market drops I will purchase another property and rent it out. Also will probably gift my kids a downpaym
by whttheuuu 8y ago
Your position isn't unique.
I own my home, but if the market drops I will purchase another property and rent it out. Also will probably gift my kids a downpayment so they can get in the market too.
My point is, because there are a lot of people ready to jump in, I don't see a significant pullback coming
- 40acres 8y agoAh good point, especially in high CoL areas as well. I know a lot of well paid millennials who are ready to jump in at the sight of first blood. We're not trying to time the market per se since we're on track to reach our target for a solid downpayment and enough reserve funds to avoid being "house poor". The market has never gone down while I've been invested so this is all new territory, we're just trying to get as much info as we can before pulling the trigger, also there is some uncertainty regarding our long term location so that has a chilling affect as well.
- cylinder 8y agopullbacks happen when credit is pulled back by the financial sector (usually its regulators mandate it). credit is everything for housing.