Related Posts
Additional Posts in The Real Estate Bowl
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Download the Fishbowl app to unlock all discussions on Fishbowl.
Copy and paste embed code on your site
Scan your QR code to download
Fishbowl app on your mobile
What’s your timeline? Five years? Should be fine.
Yeah at least, the lot itself I believe has good value (it’s in central Austin) and could be expanded / rebuilt in which case we might stay even longer
As an agent and investor, I think you’re fine. Most likely prices level out for a year or so and then it’s back up over the medium term, especially in a place like Austin.
Companies are still relocating to Austin so long term likely ok. How much was the property?
The new Bay Area. Wonder what that would have sold for 3 years ago
Coach
As long as you can see yourself living there for at least 5-7 years, you’re totally fine. If you’re time horizon is shorter than that, then there might be a little trouble.
You mentioned at the top of your budget, will you still have breathing room after paying your mortgage to save up for emergencies/investments etc.?
Coach
Then you’re more than fine. Best of luck. And congrats on the new home!
Mentor
You caught a falling knife by the handle!
Pull it up nicely and slowly…
I don’t know what that means but it sounds like good advice!
Where’d you get a 4.6 rate? I have an 800 credit score and am being quoted mid 5s for a 30 year
Look at the local lenders not the big names / online advertisers . Suggest you connect with a good local agent who knows who can get you the best rates. Also note we are in a jumbo portfolio loan , which I believe needs to be $700k + . Rates may be higher at a lower price point
Prices in Texas are not going to drop, ever. They didn't budge during 2008/2009 crash either.
Prices in Texas did have a big drop in the 2008/2009 recession