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Hi folks,
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Predictions is the key word. Humans are generally pretty bad at making those correctly
Also depends on if you are buying a house as a true investment property to earn a return on, or if it’s just going to be your primary residence for the next 15+ years. If it’s the second, there almost no bad time to buy a house
No, markets are generally intertwined. Unless you have cash under the mattress your stock portfolio would fall causing a housing market fall or vice versa. Therefore waiting for a home market slide will likely cause your buying power to slide somewhat proportionally.
I tried to simply it a bit. With the asset classes available to a likely first time home buyer this model is going to serve in the vast majority of cases. No offensive taken, let me know if you think differently.
Depends on the city. Check delinquency rates in the city you’re investing in. In major cities around US, they are up, so probably not a good idea to invest. But there are some good options in smaller cities.
When did I make a personal attack? You just made ad hominem statement.
Please look into the prices in Bay area. There are a lot of other examples from California where prices have risen ~100%. US real estate market is not a singular entity.
I still do not understand what makes you say rising delinquencies make it a sellers market.
And please stop making judgemental statements. Doesn’t look good for an “Associate Partner”.
Question way to broad. Depends on market.
Chicago
Cause I live here. Wicker park, humboldt park etc
If your in stable career.
Find a really good price.
Interest rates will drop.
You have 6 to 12 month emergency funds saved up
Could be good time.