Related Posts
What is the best way to invest in IPOs.
Anyone here tryna go into impact investing?
More Posts
I like my clients more than my team/leadership
Hi
I have a current CTC of 6.6 and Mastercard is offering 8.9 (including variable ) . I also have an offer from infosys of 10 ( including variable). Which one should I pick considering work life balance and appraisal.My entire doubt is that will they bring me on market rate after appraisals as currently they are not offering very good hike.
I will be joining HR team
Additional Posts in The Real Estate Bowl
Any Property Management recs in Seattle area? :(
New to Fishbowl?
unlock all discussions on Fishbowl.




3 years is the typical time frame where it makes economic sense to buy instead of rent.
If you can afford to buy, do it, you can always rent it or sell it or refi down the road. The housing shortage is real…if you buy you will always have an option.
Coach
That's why we bought a vacation house and then just rent a small place near work.
Coach
☝️I did this too for many years. I liked it because my life was unstable but I always had a place that felt like my home. I leave it heated year round, hope for the best when I’m not around. Neighbors check on it for me. Vacation house ended up my primary during Covid. In fact I kinda expanded it. Now I have 4 places as vacation homes 3 are under property management.
I have really struggled with being tied down by a house. As someone who is still in a stage when I want to explore and live in different places, it’s made planning much more difficult and feels a little suffocating.
Subject Expert
Maybe.
Depends on your financial situation, your projected timeline of moving somewhere else, the future performance of the real estate market in your neighborhood, what you could do with the money otherwise, etc… very hard to make a universal decision with so little known information.
That maybe is still right. 5-10 years is plenty of time and you could sell after that or rent it out. But how do rents and prices appreciate in your area? If you don't buy now, may prices shoot up on you? Lots of factors to consider. RE is very local and behaves differently in different places.
Home ownership is one of the best wealth building investments you can make. It can be wise to rent for a year when you move to a new city and are still getting to know the local area, but after that, you should buy something if you can at all afford it. I talk to a lot of people who are stuck as lifetime renters at the mercy of landlords who raise rents and won’t do repairs. It’s tempting to spend your money on “traveling and having experiences” but being forced to live in a crappy rental is not the best experience. In general, wages do not keep pace with housing costs. In Central Florida home prices have gone up 20-40% in the last 5 years but rents have DOUBLED in the same span. You used to be able to rent a 3/2 house in a nice neighborhood for $1200 in Orlando, now a studio apartment rents for $1800. House hacking is a great option to have the best of both worlds if you handle the legal aspects properly.
I don’t think the house I want to buy now will go up much in value. It’s just all about the life you want to live.
Urban areas appreciate more than rural. See what the appreciation has been in the area you are interested in moving. Statistics are available. Inflation is still high. You will undoubtedly put money into any place you buy. Will you remodel or update appliances? Adding a fence or relandscaping? All this goes into your sunk cost. Figure add improvements - add commission to sell - and you’ll figure out the numbers. Have owned many houses. Got lucky a few times in high growth areas - but to weather ups and downs I’d suggest 8-10 yr horizon. Economy can turn on a dime and a hit market can last few months to a year - then it’s oversold.
Coach
*laughs in NW Detroit*