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tbh I feel really bad for anyone that buys during this panic phase. We are almost certainly headed for the largest recession in US history, and I don't see a fu
by itslennysfault 6y ago
tbh I feel really bad for anyone that buys during this panic phase. We are almost certainly headed for the largest recession in US history, and I don't see a future where housing prices don't crash as a result.
(I'm also in Seattle and waiting for that to happen before I buy)
- seanmcdirmid 6y agoTrue I had the same concerns, but super low interest rates distort the picture. Also, while buying now is risky, you are likely to only lose one or two hundred K of value in a recession at most, and that will pop back over time, so long term buyers should be OK. Paid way too much recently for a townhouse in Ballard, but at the end of the day it seems like a pretty sound decision (we aren't buying for investing, but for living).