Trying to buy a house in Seattle, people here told me last year not to buy, but the price keeps climbing. Can anyone assure me when the price will go down? I kinda need absolute accuracy and assurance.

funnylike
Posting as :
works at
You are currently posting as works at
Highlighted IconHIGHLIGHTED

Lol

likefunnyhelpfuluplifting

Wait until June 11. Around 2 pm. And you’ll be in good shape!

likefunnyuplifting

Exactly, I don’t know s/he’s from D. That’s why I didn’t say anything about her/him being from D.

Recent IconRecent

I can’t tell if this post is sarcasm or not

likefunny

It’s very hard and maybe even impossible to predict the future with absolute accuracy and assurance. If you feel comfortable buying, then buy. You can’t time the market.

likehelpful

It will go down in exactly 183 days. Trust me on this!

likefunny

I would say anywhere between 69 and 420 days

likefunny

You are the goat!

Absolute accuracy and assurance are not part of Seattle real estate

like

A shaman would be able to tell you.

likefunny

Just run a business case, as usual. Owning for the sake of owning is not rational.

likesmart

Buy a house you can afford and can grow onto over time and don’t overpay for it. That way you can weather and swings in the market. If you think you are going to only hold for a few years then you might be better off renting

like

When the pandemic is over there will be the great migration back to the city. I’m gonna snap up all your houses. Om nom nom

like

Yes, I just got out of the hot tub time machine. I can tell you with exact certainty on October 5th the prices will crash. Also, the Knicks will win the NBA title.

like

😔 so hard being a Knicks fan

I love the responses here!

like

Buy a 4 pled, stay in one of them, rent the other 3. Cash flow will pay your mortgage and you will build equity. Look at Redfin. Seattle is an expensive market. Good luck

like

Sounds like you also had a healthy down payment?

OP - can’t stop laughing 😂 I am crying! Please don’t post something like this again 😂

OP: Your drollery is inspiring. Don't ever stop.

May 19th, 2022

OP, when we were looking for a house there in 2015 people were saying not to buy because the prices were too high and we were approaching another bubble.
When I sold my residence there in 2017 I had multiple over-asking offers, some waiving inspection, some all-cash. All within 3 days of listing. Everyone was saying this is a bubble for sure!
My friends moved there in 2019, struggled greatly to find a home they could afford but finally found one in the exurbs and they had buyers remorse for several months having felt they paid too much.
In all the scenarios above, all the homes I was looking at in 2015, the one I sold in 2017, the ones my friends bought in the exurbs in 2019, are all now worth $100-300k more than they were back in all the alleged “bubbles.” People have been screaming bubble since at least 2014.
OP, the point is, if you have the money now, buy now. You need a place to live and you need to build equity in something. Whether that be a condo, a townhome in the exurbs, whatever, just get something now that allows you to build equity. Let that “roof over your head” do double duty by providing both shelter AND equity. Renting won’t do this for you. Stay in it a couple years -this will allow you to come with a serious offer for the type of home you really want in the location you really want because you’ll not only have a couple more years of saving but you’ll also have equity.
Don’t time it OP. It won’t work. Simply buy what you can, as soon as you can. Best of luck!

That doesn’t make those people wrong. The current housing market is obviously a bubble. Bitcoin is a bubble. The current market cap of electric car companies is a bubble. All those things are going to return to reality eventually.

But irrational markets can remain irrational for a long time, and people can absolutely make money with lucky timing.

The right point to emphasize is the last one you make: OP needs a place to live. I bought my first place at the top of the first bubble, because I was newly married and a baby and we needed more space. I was underwater in it for a decade. So what? We raised a family there and made great memories there, and we were happy to pay what we paid to live there. If I’d put the money in the S&P back then I’d have more, but we would have been homeless. That’s certainly not better. You spend money to live, OP — if you can afford the house you want just buy it and worry about the market value in 30 years.

like

lol no one has a crystal ball and anyone who claims they know is full of it. That goes for all investment advice

Related Posts

NRF matched Millbank in TX yesterday

like

My portfolio has been stagnant for a week now. Last few times this has happened, market has tanked. Anyone else feeling we’re at an event horizon soon?

like

I am sick of being a realtor! I've been trying for 5 years and have only sold 3 houses. Where I'm from (small Southern town) nobody is buying. Most people's families already own homes and it's just a bummer to see all these nice houses deteriorating over time.

like

My assumption is that one makes money in RE with leverage. So, would you never let your equity in any given property get above certain% (I.e re-leverage and invest elsewhere) or would one eventually want to own a property outright?

like

Can grad students get $20k forgiven if they got Pell in undergrad but outstaning loans are only for grad school?

like

Thinking about buying a house in La Mirada and start a family soon. Any thoughts on La Mirada area?

like

Anyone finding it harder getting managed money biz? If so, what changes or adjustments have you made in prospecting or sales approach? Thanks.

like

For those of you who got out at 10, do you wish that you rode it out to 20? I’m at a crossroad and I’m not sure what to do. Have some active/reserve time, wrapping up graduate school, and am now considering either a) come back to the business world or b) go active and retire before 50 and live off a nice pension. Obviously there are draws to both. I’m an officer for what it’s worth so I can realistically retire at O-5, MAYBE O-6.

likesmarthelpful

Looking for a panty dropper used car for around 40k. What would you suggest? Considering a wide range of options from x5 to F type

like

Alright this bowl has convinced me I need to buy a Rolex. Where do I begin? I know my brother got a Batman GMT after about a year at a jeweler he never purchased from a few years ago, but was he just lucky? Do I need a relationship with an AD in today’s market for a Sub or GMT? Based in Seattle but would prefer to buy in Oregon to avoid taxes

like

Personal finance book recommendations?

like

What stocks are you betting on for 2018?

like

Do my wife and I still qualify for the $500/child for 2 kids if we earn more than $200k in combined joint income? If I didn’t file for 2019 taxes yet, and one kid was born 2019, do we get 500 or 1000?

like

Sold 10% of my ETH @$2,500 to pull out my initial cap investment - so tempted to throw it into btc on this dip. Should I pull the trigger at $50k or wait for $47k?

like

I opened a Marcus HYSA based on the advice in here and now (too late) I'm freaking out that I allowed this "Plaid" thing to access my bank accounts to move the money over. And it requires linking all accounts, which seems unnecessary. Do folks think it is secure??

like

I have mostly passive investments. I was thinking the other day: what if everyone had only passive investments? Wouldn’t this create incredibly high amount of systemic risk? Are we all sheep??

Anybody got any fire penny stock plays? IDEX is mine, but I’m looking for more!

like

Really regret not selling United Wholesale Mortgages. Very confused on what to do with this one. Unless it gets PT it’s gonna be stuck around the 10 range. Think I may be eat the loss on first say a dividend is available

like

All my investment is in real estate - 1 primary and 2 rental. Total 3.7 M value and 1.7 mortgage pending. About 400k in cash. I’ve 0 RRSP. Is my investment strategy terrible?

like

Have 50k in brokerage to put towards buying a place in Atlanta. Young 20 something who's lease is ending soon

Roth IRA and 401k are well funded but don't want to pull from there.

Should I buy and rent the extra bedrooms to friends, or stay renting and put savings in stock market?

like

More Posts

Anyone afraid to take vacation in FY18, for fear of missing utilization? 🙋🏼🙋🏼‍♂️

like

Larsen & Toubro Infotech What is the yearly hike % in Larsen & Toubro Infotech ? And how much % of variable pay we can expect?

like

Hi Fishes,
Anyone here at
Luxoft with permanent remote ? I got an offer. Will they ask to come to office at any point ? What about job security at Luxoft ? HR mentioned 8 hours per day and no need to enter timesheet, time will be auto captured. That means like we can't be away from the system at all ? Please help.
Thanks

like

Western nc CTE interview questions? How do I prepare?

like

I've been gardening more to relieve stress and have some time to my self. Full endorsement!

like

Anyone work or has worked at MGO?

like

Those who joined pune or Hyderabad location as Analyst on 8th August , how is it going ? Work pressure or training what is happening there ? I have joined pune but there is no one in oune location so Wanted to know if anyone joined before me then let's connect

like

Are we seeing another repeat of Ellen’s downfall with James Corden? Seems information about his questionable behavior keeps coming out.

like

So whose tryna watch Dvorak later at Grant Park? 🤔 🐠

like

Salad recommendations? Trying to lose weight (NYC client)

like

S&P Global Hey everyone, Heard this rumour that huge layoffs are going to happen in S&P global india....can anyone give heads up about this ?

S&P Global

helpful

Has anyone else begun to resent data science?

like

How are you guys thinking about booking appointments for 1st time H1B stamping? Every time I open the site, there are no slots available for 2022. I’m sure majority of you have faced the same. Also, heard that some people have reached out to agents and got their booking done via them. Is that even a safe option? At this point of time, having being waiting for appointments for months, I wonder if there’s any other option ?

like

LETS GO ATLANTA BRAVES!!!

likeuplifting

Hi everyone,
Does anyone know what will be salary day if I fail to submit my bank details before 28th.
It is before Jan 15th. But can anyone be specific.
I have to plan to pay my bills.

like

"How many points?"
I'm new to all this. Beyond all the humor is this actually commonly done ? What's the process and way to go. Real examples please:)

like

Hii all,
I am a fresher currently with these options. Persistent Systems Limited - 4.71 LPA
BNP Paribas - 5.50 LPA
Capgemini - 4.20 LPA
IBM - 4.50 LPA
Wipro - 3.50 LPA
Harman International - 5 LPA(+50k joining bonus)
Can you suggest me which one to choose among these?
Thank You!

like

New here and as all newbies, I've come to humbly ask for likes to gain the ability to DM. Lol

like

Hi all,

Could you please help me by answering these 3 questions regarding by BGV at Cognizant. I have 3 YOE.

Post Photo
like

Additional Posts in Consulting

Anyone in NYC need a house sitter for the month of January?

funnylikesmart

After a year using my home office setup, especially the 27 inch monitor, how can I ever go back to the traveling life with tiny laptop screen? 😔

likesmart

Days of the week ranked, best to worst:

Friday
Saturday
Thursday
Sunday
Wednesday
Tuesday
Monday

Thoughts? Could see flipping Mon/Tu and Th/Sun

likefunny

May be this is off the topic..
One of my friend who is a doctor & is an international med graduate. He passed his United States Medical Licensing Exams with above average scores. He has applied fr the match last yr & was nt able to match. Match process costs around USD10k; this year he is applying again after borrowing funds frm different sources bt he is under tremendous pressure to get match. I feel his pain as he has studied for 10+ yrs and is struggling to match nw. I m nt sure hw I can help

like

Has absolutely nothing to do with consulting, but I’d like to ask a very personal question of some of the gentlemen fish on here... how did you approach your girlfriends parents to ask for their blessing to marry their daughter?

likefunny

Anyone heard of consulting firm Thought logic in Atlanta and Richmond? Are they any good?

like

How to deal with being rejected from a consulting job you want?

We've all been there (not just me I hope). It's so frustrating when the consulting one is a tough hill to climb. Has joining a smaller management consulting firm ever worked out for anyone?

I'd like to hope one day I could get into big 4 or even MBB.

like

Top consulting firms in the Aerospace / Aviation,l or Defense / Intelligence spaces? Looking for business or tech strategy jobs here

like

Isn’t wild how Amazon readily published the dissident recently with no fear of retribution from the Saudis but Netflix pulled the patriot act episode about the kingdom barely a week after it was released? Bezos is a badass

like

Flights cancelled and delayed; spent the whole day in the airport/flying. How do I charge my time?

like

“Not to throw you under the bus” but I will 😎

like

How challenging is strategy and planning (industry) roles? Trying to pivot but lack the actual experience. I understand it's framework and analysis driven. Been more focused on risk management, operations, program management etc. Curious to hear thoughts

like

Anyone afraid to take vacation in FY18, for fear of missing utilization? 🙋🏼🙋🏼‍♂️

like

🐟 any suggestions on next move? Have offers from following
1) Deloitte - 175K
2) PwC - 160K
3) EY - 165K
Role - M , HCOL, Cyber PAM Specialist
Which one to go with? D has better comp but not sure how WLB is ?

like

New to NYC and looking for a good OBGYN and dentist... any recommendations that are covered by EY insurance? And work Fridays? So hard with all of the travel!

like

When this is over we need to rethink our concept of who is “essential” because in all honestly most of us are not - but our grocery workers and delivery people are.

like

Got laid off on Friday. Three days and I'm already bored out of my mind. Besides Jim, what are people doing to pass the time in between job hunting?

like

Notice there are so many people with debate experience in consulting. Kinda impressed. Any highly recommended books related to debate or communication in general?

like

Looking for a new carry on, what are some good ones? Just found a hole in my samsonite

like

Top consulting firms right there!!

Post Photo
funnylike

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