Anonymous wrote:Middle aged first time buyer and I am practically suicidal over mistakes I made by not buying at what turned out to be the last possible time I could have afforded a nice house.

Anonymous wrote:Hello!

I am in the same boat as a lot of people looking for a house. After getting divorced it took awhile to get back on my feet financially and I finally got some money saved and started looking for a house right as it was exploding.

I thought that I would wait and let the market cool down and about that time the Pan hit and it went parabolic.

With over a decade of super low rates and huge Fiscal spending topped off with the Federal Reserve's Quantitative Easing programs with Trillions pumped into the economy its no wonder the prices of assets have gone up, but really how you should look at it is, the purchasing power of your money has gone down. The more the Government and FED prints the less your money is worth, it as simple as that.

I have saved up enough to purchase a house and am waiting on the sidelines to see what the FED is going to do. So far FED Chair Powell is doing the right thing and keep rates higher for longer and have removed about 1.5 Trillion from the ecommny. Once we have a recession the FED will reverse course and start easing again and then you have a small window of about 1 to 2 years to go out and deploy your cash to buy a house because after the prices will start going back up again, or you money will start losing value again.

Here is a short video I had make from all the years of studying trying to figure out what the heck was going on, why did all home prices just start going up all at the same time and why we have so much inflation.
https://youtu.be/CqyPd0TifKQ

Good luck everyone looking for a house! This bubble will burst just like all the other bubbles have.

-John

I will leave you with a short quote:

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless" -Thomas Jefferson

Anonymous wrote:Hello!

I am in the same boat as a lot of people looking for a house. After getting divorced it took awhile to get back on my feet financially and I finally got some money saved and started looking for a house right as it was exploding.

I thought that I would wait and let the market cool down and about that time the Pan hit and it went parabolic.

With over a decade of super low rates and huge Fiscal spending topped off with the Federal Reserve's Quantitative Easing programs with Trillions pumped into the economy its no wonder the prices of assets have gone up, but really how you should look at it is, the purchasing power of your money has gone down. The more the Government and FED prints the less your money is worth, it as simple as that.

I have saved up enough to purchase a house and am waiting on the sidelines to see what the FED is going to do. So far FED Chair Powell is doing the right thing and keep rates higher for longer and have removed about 1.5 Trillion from the ecommny. Once we have a recession the FED will reverse course and start easing again and then you have a small window of about 1 to 2 years to go out and deploy your cash to buy a house because after the prices will start going back up again, or you money will start losing value again.

Here is a short video I had make from all the years of studying trying to figure out what the heck was going on, why did all home prices just start going up all at the same time and why we have so much inflation.
https://youtu.be/CqyPd0TifKQ

Good luck everyone looking for a house! This bubble will burst just like all the other bubbles have.

-John

I will leave you with a short quote:

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless" -Thomas Jefferson

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:One has to ask, how many of the posters now lamenting their failure to buy earlier didn’t buy because they thought prices would fall. Just last summer, this forum was filled with threads about how interest rate increases would bring prices down 20 percent or more. Trying to time the market is always a fool’s errand.

This 1000%. I remember those posters, gleefully stating that anyone who were buying at the “inflated” 2021 prices were dumb, stupid and foolish. Now, some of them are on this thread complaining and in need of understanding for missing the boat.

+1 Some posters here just look for excuses to go on the attack. There were legitimate reasons why someone might not have bought in 2021 when prices were much higher and many experts told us it was transitory.

Sorry, your tried to time the market and got burnt. Buy a home when you find one within your budget that meets most of your needs. Don’t wait for perfection. Last fall was a good time to buy because inventory increased in some neighborhoods locally.

If you have the flexibility, look at locations out west where buyer’s markets exist due to excess inventory.

Actually, I own two homes and made a lot of money buying and selling other homes, but I have compassion for people experiencing bad luck that negatively impacts their lives.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:One has to ask, how many of the posters now lamenting their failure to buy earlier didn’t buy because they thought prices would fall. Just last summer, this forum was filled with threads about how interest rate increases would bring prices down 20 percent or more. Trying to time the market is always a fool’s errand.

This 1000%. I remember those posters, gleefully stating that anyone who were buying at the “inflated” 2021 prices were dumb, stupid and foolish. Now, some of them are on this thread complaining and in need of understanding for missing the boat.

The gleeful posters could still be right. No one really knows. Just get a home you like that you can afford, don't think about trying to time the market

People on here have been calling this market a bubble since 2012. At some point you need to give it up.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:One has to ask, how many of the posters now lamenting their failure to buy earlier didn’t buy because they thought prices would fall. Just last summer, this forum was filled with threads about how interest rate increases would bring prices down 20 percent or more. Trying to time the market is always a fool’s errand.

This 1000%. I remember those posters, gleefully stating that anyone who were buying at the “inflated” 2021 prices were dumb, stupid and foolish. Now, some of them are on this thread complaining and in need of understanding for missing the boat.

The gleeful posters could still be right. No one really knows. Just get a home you like that you can afford, don't think about trying to time the market

Anonymous wrote:Not all of us are paying cash. Remember that part about 2020-2022? It took an all cash over asking to get a house. Others truly needed another couple years to save for a down payment.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There could still be a recession and a price drop. No one knows what the market will do. Maybe all of us who bought in 2021 will be the depressed ones, no one knows for sure.

There's not enough homes for everyone who wants a house. We basically lost a decade of building activity from 2008-2018. You now have 4 generations actively buying homes, all competing with each other: Boomers, Gen X, Millennials, and eldest portion of Gen Z.

Our demographics don’t look good for housing. Refer to Japan. Generally good to own a home for 15-30 years, but I doubt anyone buying now sees the returns their parents got.