Is this a good time to buy a house? Or should I wait for the potential dip in economy? (Based out of Chicago)

like
Posting as :
works at
You are currently posting as works at

Don’t focus on timing the market. Focus on getting the right house at the right price.

likesmart

It’s always a good time to buy a house, especially if you’re looking long term. Like PM1 said, focus on buying the right house at the right price. Profits are made at buy not sell. Good luck!

like

Real estate is trending down but prices and interest rates are still very high. I don’t have a crystal ball, but this could be the worst time to buy ever. True that if you are buying for the long term you’ll be fine, but I would be very frustrated if I lost 10 years of market appreciation forever because of buying at the peak.

like

Related Posts

Has anyone here participated in the year long remote year program? My company is fully remote in the US and is in general supportive of me going but concerned about local and international tax liability. Remote year doesn’t share tax advice and our HR team is small. Curious to hear from people at companies who have done it before and if there were any issues from a tax or payroll perspective. Trying to get the formal approval from my company before officially signing up, advice welcome!

like

469k new construction
No washer dryer or refrigerator included
Added these at cost, downgraded to basic grey paint throughout, removed blinds and builder accepted 460. Feeling cheated :/

What would have been a better offer?

like

What did you do with your RSU’s after it vested? Did you keep it or was it sold and reinvest to another stock/fund/etf?

Investing newbie here: pros cons of getting a rental property vs investing in stocks?

like

Hi fishes, could any one help me on how to withdraw of money and how much can be withdrawn ?

like

Any advice in terms of investment to save the maximum tax?

like

Why are my f*ing stocks down? Run the money printer!!!

likefunny

Just got my offer accepted for a house in San Jose. Shopping for interest rate now:
Should I got for
7ARM - 4.25% interest rate
30 fixed - 4.75 % interest rate

Banker is recommending 7ARM but wanted to get general opinion as well.

Thoughts?

like

Does anyone have any book recommendations for information on buying a house?

like

I am curious how Onesource Income tax stacks up against it's competition.

Huge btc short position in market right now, I expect a lot of liquidity issues to come to light soon. Bitcoin should end up below 30k and stay there as new resistance soon. You all doubt my previous posts but all these bumps to 37-39k are fake bounces from retail buying the dip. Defi is gonna unravel. Do you honestly believe the 10-40% defi interest rates were risk free. It’s all paid by stablecoin printing backed by the assumption that crypto prices would keep appreciating

likefunny

How do you and your partner (married or not married) split financials?

like

Looking into credit card, most likely between emirates nbd Bonvoy card or the Emirates offering. Anything better out there? What has been your experience. My understanding is you can convert the emirates points to Bonvoy? Not sure if the same works Bonvoy —> emirates.

I am an associate at an AM200 firm and was (IMO) very clear prior to accepting this role that I value work-life balance and wanted to try to keep work at night on the weekends to a minimal, but since February, it seems like it’s always something that requires my time as needed disregarding “business hours” or my personal schedule. Thoughts on whether to bring this up or continue to be a team player until I burn out and pay off my student loans?

likefunny

Has anyone ever been locked out of trading on RH? Was wondering if anyone has been restricted/how long it took to get it resolved.

Post Photo
like

Which consulting firm has the best 401k match?

like

Recommendations for how to allocate 401k with Fidelity. Just switched jobs and have to move from Merrill Lynch to Fidelity

like

Can’t find the bowl for this but quick question -
What are some credit cards like the Apple Card that don’t have any physical numbers on them?

I like the Apple Card and considering opening one but want to see if there are better alternatives. It’s enticing that if I lose my card, I can instantly change the number so someone can’t use it. Plus no numbers means someone can’t randomly make a large fraudulent purchase.

like

How do people increase their credit score? Mine’s only around 790/770 for transunion/equifax respectively and its been like that for a while now. I have 100% payment rate, only 3% credit utilization, and 0 hard inquiries for the past 6 months or so. So far I only have credit cards, no loans yet. Thanks in advanced!

likehelpful

Put all your money in crypto. It’s done going down.

like

More Posts

Hi fishes
Looking for a remote opportunity for 1.5 year experience java springboot and microservices developer.

like

LTI or EY GDS
OFFERED SALARY SAME

Hi All
Does anyone have my information on the role Assistant Manager PPM.

Are there any M fish in here who travel for work frequently? 29 F, frequent business travel & looking for someone who also lives out of their suitcase :)

like

Recently got a contract job at Facebook NY. I’ve mostly only been a FTE for the entirety of my career, so a bit nervous as I want to eventually be offered FT but feeling a lot of pressure to perform for the next 5 months to prove my worth. At some point it will surely get exhausting. Any tips for how to deal with this? Also curious to know what a mid-level PM normally gets paid as a freelancer?

like

I work in a self contained classroom. A parent of one of my kids wants to come and volunteer after learning all my staff quit. Can I allow her to do this? Admin has no idea and I'm not sure with FERPA laws.. advice, suggestions? What can I have her do if she can come?

like

Which offer is better?
€100K per year in Netherlands (with 30% ruling) OR
45000 AED / month in Dubai?

For a family with a kid.
Tech stack: SRE/DevOps/ Cloud architect
People staying in Europe and dubai please comment.

My priorities: Long term stay, better education , quality life, location with better security, law n order and less hussels.

like

Hi, can you tell me how many rounds takes place in for automation testing round. I have got a link for an online test and what is the difficulty level should we expect from this test v

like

Oh boy, they just paged “Mary and Joseph” in LGA C....

likefunny

Urgent because I have a job offer and my decision rests on the answer to this question

Is the specialist position in PwC India equivalent to analyst or senior analyst? Is it the junior most hierarchy level in the organisation or is it second last in the succession ladder?

Could you seriously date someone who isn't on the same financial level as you?

like

My joining is in 28th December, I have not received any email like Pre-joining session email or Joining date confirmation email, neither anyone called me for delay joining. Am I only one in the situation? When I can expect anything from tcs?.

like

Hi All! What does that mean when hiring manager responds back on follow-up email, saying “I’ll keep you posted on the next steps”Are they still considering or is it just a new way of rejection?waiting is so painful. :(

like

Hi,I hv got a job in IAM project as a BA.Any feedbacks on the domain? How can I advance in my career and how can I go abroad

I am looking to get a referral to a Fintech company! Preferably in operations or project management.

like

I’ve been a paralegal for about 30 years in private law firmS. As I get older, I feel like it’s time for a semi-career change. Either an office manager position or perhaps a corporate position where I can travel a little since my kids are grown and I’m an empty-nester. Has anyone made this type of transition? Advise welcome. TIA

like

How does underwriting compare to PIP litigation in terms of flex time (ability to stop/start work throughout day, work at 2 am if needed, etc)

For example.. in PIP Litigation I can review my suits at 2 am if needed (as a result of having a rough day or other emergency) and still be in compliance

Does Underwriting carry any time sensitive tasks?

likehelpful

This question is for All TIBCO & Citrix Employees..

By now everyone got enough details.....

So whats your take on this???

like

Additional Posts in The Real Estate Bowl

Anyone have any luck selling a condo in chicago using Redfin? The 1% fee for listing is attractive compared to the standard 6% with an agent. Are there extra fees with RedFin that I should be aware of? Looking to sell as quickly as possible so weighing the options and just starting to interview agents and look around for the best way to get my place listed.

like

I thought the answer is yes but now double checking. Can we write off the interest we pay on our primary residence mortgage?

like

Interested in starting AirBnB in SoCal.
1. Where do I start for gaining how to knowledge.
2. What’s are the best areas to buy the property for best cash flow and appreciation down the line.

like

How big is to big for an initial investment property. Theres a 20 SFH portfolio for sale by me for about a mil. Is this to big to start with initially? I'm less worried about the Financials (feel comfortable on that end) and more worried about the managerial aspect.

like

Hey hey all. I am writing a book on value creation in commercial real estate - from site selection to tenant management basically capture where industry experts see value lost or opportunities not captured. Anyone want to contribute to some insights ?

like

Has anyone here used New Western to buy real estate deals?

like
like

469k new construction
No washer dryer or refrigerator included
Added these at cost, downgraded to basic grey paint throughout, removed blinds and builder accepted 460. Feeling cheated :/

What would have been a better offer?

like

I have a rental property and my tenant is asking me to change the fridge light burb. I live out of state and don’t have property manager locally. Is it bad if I ask them to change the fridge light burb themselves?

I’m pretty responsive for things they need help with like laundry machine got broken or pantry doors fell off. So I had sent people to fix those maintenance and repair issues.

But light burbs? Srlsy? They are grown up people (fresh out of college girls)

likefunny

Any Property Management recs in Seattle area? :(

like

Are most new houses being built with induction cooktop? What has everyone experience been like? I personally had non compatible cookware with induction cooktop and wondering if I should just buy a new cooktop (electric, gas etc).. Other reason is that I read that it's also not healthy due to electromagnetic waves?

like

For any of you real estate investors, what tools or sources did you learn from when getting started. Can’t find a mentor currently so want to find some highly recommended books or videos. If focused on the tri-state area (NY, NJ, Long Island mainly) that would be even better. My hope is to buy and rent out a apartment while also owning a house and house hacking that by renting part of it out. Trying to understand all the steps, traps, and how to find if it’s a good investment.

like

For people who recently refinanced, bought or is in the process of buying a new home, what APR did you get?

like

I am getting a 3% interest rate on a jumbo loan with 20% down on a $850,000 single family home. The ball park in July was 2.65 - 2.75
Checking if folks are noticing a spike in interest rates or if I need to look for another lender.

like

How did you get started with your personal investing in stocks? I am 26, F, have some money in savings, 401k, stocks and just started my own business albeit small. I’m extremely interested in real estate investing have been reading and listening to podcasts. Any advice?

like

At what income level should one be comfortable to spend 2400/mo on rent in HCOL? Assuming single, no kids, no debt or major expenses.

like

My realtor looked at a unit for me, and shared the video w me. I’m interested. The unit is on MLS. Then he posted on his IG story seeking buyer. I’m kinda annoyed because now I may have competitions since he is my realtor OR should I be ok for him to do that since it’s equal playing field on MLS?

likefunny

What are the mortgage rates you guys are getting? Best I’ve heard is 2.5% (30year fixed) curious if anyone has heard better?

like

My clients wish to write a testimonial/review for my RE broker services. What is the best site/medium for this? Yelp? Google Review? Zillow? Facebook?

like

Does buyer have to share appraisal with seller? Can seller request it?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal