Reply to Won the bid on a 900k house and now I feel sick

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Reply to "Won the bid on a 900k house and now I feel sick"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]no risk without rewards[/quote]

if you are going to try and blow up this housing bubble further, at least get your jargon right:

no rewards with risks

OP seems absent, and won't comment on how their personal situation can handle this?[/quote]

I think the only people who prattle on about bubbles in this space are people who've been insisting that's the case for two years as they sit on the sideline. Wishful thinking.[/quote]

We own a house in No Arlington, but fully believe there is weird things afoot in housing prices and interest rates.  You can pretend that this is a healthy market, and we would love to be wrong, but OP should not buy on the expectation their home will be worth almost twice as much in a few years like in Silicon Valley (which is it own level of absurd, and I know many tech insiders who recognize it is a massive VC bubble that will pop when interest rates rise above zero).

Op should buy for their personal situation, not some mythical investment opportunity.[/quote]

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