Reply to 43% of home purchases are all cash

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Reply to "43% of home purchases are all cash"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]So whats the bottom line here - we should all sell before the market crashes?[/quote]

Hah, no timing the market is going to be almost impossible, and we can't predict what the Fed will do, they may continue QEXXX and support asset prices that way.  They are already buy MBS, so they could expand their portfolio into more esoteric stuff (what if they started buying REITs in struggling housing markets for example; though I am betting Yellen will do some kind of new deal style job-linked bond purchase from municipals, she is kind of a maverick).

But the long and short of it is, if you own, make sure you like where you are for the  long term and can afford it even with moderate income shocks.  If you buying, buy as modest as you can, or consider keep renting unless you are in it for the very long haul (10+ yrs).
[/quote]

oh good.  we did buy modestly (and sometimes regret it and want to move to a nicer place).  but maybe the small mortgage payment is worth it.   can't guarantee we will be there 10 years though....  maybe.[/quote]

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