Reply to Anybody else extremely depressed over real estate?

Forum Index » Real Estate

Reply to "Anybody else extremely depressed over real estate?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I also really regret not buying but at the time I just couldn’t imagine prices would keep going up. However, I hope you are exaggerating. Try to remember that there are many things to appreciate and be grateful for in life, even though we missed the housing boat![/quote]

A lot of people thought they missed the house boat in 2008.[/quote]and some thought this even earlier like in  1998!  [/quote]

Exactly.  Save and bide your time.  You'll never time an absolute high or low, but buying out of FOMO just doesn't seem like a sound financial idea.  We sat out the 2008 bubble/crisis and were prepared to rent and save, save, save.  And buy 2010, we were able to buy a house for 470,000 that had been put on the market 2 years earlier for over 650,000K.  With our big chunk of downpayment, the mortgage was the same as our rent.  Did the math on closing costs and when rates went down to the point where it would not add to the overall cost of the 30-year loan, we refied.  And yes, we felt the pain of missing out on two "perfect" houses.  There are no "soulmates" when it comes to a house.  You buy what you can afford and make the best of it.

TLDR:  Be patient, save, wait out the frenzy.[/quote]

100% Agree[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics