Thinking of buying a house in Atlanta. Not sure if I should wait or not. Interest rates are good but I'm afraid of the possible housing market crash.

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Thinking about a personal residence or investment property there?

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Thank you 🙏🙏🙏

Hello, I am in GA near Atlanta. My current home is on the market and I bought a home at a better school district. The market hasn’t slowed down at all.

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I know!!! Ive been following the prices

When’s the possible housing market crash?

In the next year maybe?? Haha

It's hard to time any market, especially RE. I would focus on your goals for wealth building and achieving your desired lifestyle and then see if/how the costs of a new home in this environment fit in. That said I recall the 1970s when interest rates were in DOUBLE DIGITS if you can believe that. So historically they are insanely low now. Also factor in that home ownership is a forced savings plan and you will increase equity in your home over time until it is paid off, although early on you pay mostly interest. If Deomocrats win in Nov they are likely to reinstate the old mortgage interest deduction which would be an extra plus. But we can't count on that.

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