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Let me share my interview experience with Amazon India
1. Cleared 1 screening and 2 technical rounds. I got confirmation that result is positive but position is closed. We are referring u 4 another role. 2. Again 1 screening and 2 technical rounds which got cleared. On the day of final leadership interview got a call from recruiter that this position is closed. Refering u 4 another role. 3. Direct technical round. Got rejected. No more referal 😀
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It depends…
1. What can you find for an interest rate?
2. What is the opportunity cost to not buy? (Lease renewal for x months, or moving costs and new lease) weigh it against everything else
3. How stable do you feel in your current job?
4. How much market risk are you willing to take on?
There is so much more it depends on, but that’s a start
time in the market > timing the market
having said that, i’ve been trying to buy for last 6 months. haven’t seen more price drops and inventory on the market than i’ve seen last month…and that’s before the the 7%+ interest rates hit last week
Rate hikes and increased mortgage rates take at least 8-12 months to impact underlying price. Can take as long as 24 months. Until sellers feel pressure to sell (lots of factors) prices won’t change a whole lot. Could be isolated events up until then.
Personally, I would hate to buy anything right now knowing that I would be buying less house due to interest rates. Even if I refinanced, my residence would potentially be smaller / lesser.
very good advice d1, thanks for sharing 👍🏼
Interest rates are ridiculous. Even with a good credit score they are quoting like 6% which is ridiculous.
You could always see what kind of loan rates you can get. I think for me it woruld really depend on that because rates are high. They seem to be going down a little at a time though.