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Reply to "Getting desperate: What would you suggest to a first time home buyer?"
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[quote=Anonymous]My advice: you gotta take the plunge. Everyone has a different opinion on what the market will do, but trying to time the market is always a bad thing, in real estate or investing. Plus, a house is more than just an asset. So, pull the trigger. It might not be your dream house. But in all likelihood, with your HHI, you'll get most of what you want, and you'll realize that the things you do compromise on where never really as important as you thought; everything (emotions/wants/needs) seems to get amplified during a home search. And, I believe that the market is going to stay hot for a long time, due to low inventory, changes in WFH, desire to age in place, etc. So anything you buy now will likely increase in value over the next 5 years. So, in 5 years, your HHI will be higher, and you'll have a decent amount of equity from your starter home, you can then use that equity to actually get your dream home. Don't overthink this. [/quote]
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