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re: In the market for a house...
Posted on 5/12/24 at 4:19 pm to jlovel7
Posted on 5/12/24 at 4:19 pm to jlovel7
jlove I don't post in here much but you are better off renting until rates come down or prices drop on homes. A 160k won't take you far and if you are planning on having children it probably won't be in the best area for public schools if you purchase a home.
1
Posted on 5/12/24 at 8:02 pm to FLBooGoTigs1
quote:
jlove I don't post in here much but you are better off renting until rates come down or prices drop on homes. A 160k won't take you far and if you are planning on having children it probably won't be in the best area for public schools if you purchase a home.
Y’all are acting like 160k is chump change. It’s over 2x the national median household income.
I wouldn’t suggest buying a 500k house in that income at these rates but waiting around for interest rates or housing market to come down is bad advice. Soon as rates drop the market will shoot right back up again. Look for something in 350 to 400k range.
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