3 ms·
>I raided the retirement accounts to buy a home. Buying home at the current prices does not sound wise to me. Even if you expect for printing press to go brrr
by fuoqi 3y ago
>I raided the retirement accounts to buy a home.
Buying home at the current prices does not sound wise to me. Even if you expect for printing press to go brrr again, it's likely that before that we will see substantial decline in asset prices.
- dangwhy 3y ago> it's likely that before that we will see substantial decline in asset prices. Amount of ppl waiting for this to pounce is astronomical . And for that reason this will never happen. FOMO is at all time high atm partly due to peer perssure and social media
- 29_29 3y agoCould happen. Could not happen. I don't have a crystal ball.
- 29_29 3y agoI need a place to live man. I can't wait forever for prices to come down, I've owned a home before, and even though rates suck, now is a better time for sure. It feels like I can shop.
- baremetal 3y agoBuild your own home. Just do something simple like a gable roof 20x50 or something small to start you can always add to it. In the meantime pickup an RV and live on the land. Used RV's should be cheaper right now.
- HWR_14 3y agoWhen people say "buy a home", the majority of people are far more concerned with affording the land underneath (or share of a condo building) than the structure itself.
- 29_29 3y agoMy grandpa built his home and it was a nightmare. Contractors kept going cheap, he had to watch over them, cost overruns, delays, etc. He probably has a better home than one could ever buy, but I don't have that kind of time or money.
- dangwhy 3y agosorry for asking the obvious question because i am in the same dilemma. Why not continue renting ?
- 29_29 3y agoI just can't tolerate apartment life any longer. I have 2 dogs. They won't live forever, they need a yard. I need stability. Also a home is not an investment, its a liability. I also want a place I own, that I can have paid off. Its a long term decision. I'm also willing to admit I can miss the bottom price. I could save 15% and wait a year?