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Real Estate
Reply to "Buying A House In This Craziness"
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[quote=Miraclemomma]Ugh I was about to sign a contract on a single family home one month before the 2008 crash. A divine miracle intervened and stopped everything and I couldn't purchase. At the time I was devastated, but it turned out to be a blessing in disguise because the prices dropped by $30k 6 months later and I purchased a beautiful condo with parking in DC. My mortgage is now around $840 (not including condo fees). The said house that I planned to purchase was never sold and the owner rents until this day. The house did appreciate slightly so I don't know if it was a loss or gain for the owner. But I have no regrets on waiting. I hope that you go with your gut and everything falls into place. Weird times we are living in.[/quote]
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