Reply to When will home prices starting going down again?

Forum Index » Real Estate

Reply to "When will home prices starting going down again?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]They won't.

But, I do think they plateau for a while.

I honestly do think the most important thing for first time homebuyers or young homebuyers is to forget the idea of a "dream home" and just get your foot in the door.

That starter home that you're worried you'll outgrow will provide good equity for your next home when you actually do need the space[/quote]

Not sure this is such a great idea right now. The prices are not going up enough to compensate for transaction costs and interest payments. It will be hard to build significant equity in 5-10 years. [b]You can currently rent for much less than you could purchase the same house.[/b] If I was not owning already I would rent and invest. [/quote]

Can you, though?[/quote]

Currently renting a townhouse for $2600/month. One popped up for sale with one less 1/2 bath down the block and my mortgage with 20% down so no PMI, current interest rates and the HOA would be exactly double. [/quote]

DP here. The value of buying vs. renting is fixing the costs for future years. For example, we bought a second home over ten years ago. When we bought it, we couldn't cover the PITI even if we rented it all the time. Now we could cover it and have some left over.[/quote]

So, you bought at the *literal* low.  What exactly are you crowing on about now, in the year of two thousand twenty four?

Also, my 7-year old hvac unit went out last year. Guess who didn’t have to replace it? Me. [/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