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If you're staying in the same market and you already own, then it doesn't matter much. What matters more is that your other investments are relatively outperfor
by sushisource 6y ago
If you're staying in the same market and you already own, then it doesn't matter much. What matters more is that your other investments are relatively outperforming the house (likely already true because of the Fed's money printer).
If you don't already own, waiting for a drop might be wise, but if you're going to sell stock to do it, you might wanna do it now. I'm looking at trading up to a new place right now and that's my plan.
- LanceH 6y agoIf you're moving up in home value, it may be worth taking the loss on a smaller home to get a good price on a bigger on.
- xur17 6y ago> if you're going to sell stock to do it, you might wanna do it now Might be a wise move, but the current interest rates make it hard to pass up a mortgage..
- sushisource 6y agoOh I'm assuming a mortgage is still involved. Buying a house purely with cash is a stupid move when the fed is handing out free money. Debt is a great tool if you use it correctly.
- jbay808 6y agoDoesn't "the Fed's money printer" inflate housing just as much as other assets?
- sushisource 6y agoNot without some substantial delay. The stock market and the housing market are definitely correlated, but not perfectly so.
- orwin 6y agoWith a lag, and it really depends on the area and how many people benefit from money printing. If the scheme is QE like in europe, the housing prices will not gain as much as the market prices in low to middle-class area.