Timing: Is now a good time to look into Real Estate? | TigerDroppings.com
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Oenophile Brah
LSU Fan
The Edge of Sanity
Member since Jan 2013
6506 posts

Timing: Is now a good time to look into Real Estate?

I'm looking at reducing some of my stock risk and buying a home. Other then the obvious advantage of being a homeowner. What does the MT board think about putting more down on the house to both reduce my stock exposure and have a lower mortgage. As opposed to a smaller down payment and leaving more in the market. Assume even at lower down payment I'm at 20% to avoid PMI etc.

TIA.


ljd4662
LA-Lafayette Fan
Baton Rouge
Member since Aug 2012
90 posts

re: Timing: Is now a good time to look into Real Estate?
Its really up to you. I don't see a bad option there.

quote:

As opposed to a smaller down payment and leaving more in the market


Do this if you can put 20% down, keep some in the market, and still have an emergency fund of 6 months of expenses on the side. Paid for houses are a good idea too though..


HNTIGER1980
LSU Fan
Member since Oct 2011
439 posts

re: Timing: Is now a good time to look into Real Estate?
2 years ago would have been ideal. But, you can't turn back the clock. Go for it, interest rates are so low that it's worth it.


Oenophile Brah
LSU Fan
The Edge of Sanity
Member since Jan 2013
6506 posts

re: Timing: Is now a good time to look into Real Estate?
quote:

Paid for house

Don't have that much in the market sadly.
I think I'm going to put 25% then keep rest in the market, with a little cushion in a money market.
Thanks


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Oenophile Brah
LSU Fan
The Edge of Sanity
Member since Jan 2013
6506 posts

re: Timing: Is now a good time to look into Real Estate?
quote:

2 years ago would have been perfect

Do you mean do to the relative strength of the real estate market? I'm in NOLA, and we haven't experienced much change in the market here.


foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
31699 posts

re: Timing: Is now a good time to look into Real Estate?
With rates as low as they are I'd put down as little as possible if you can get that rate.

Keep in mind that the goal is to reduce the rate (after the tax break) to about the rate of inflation, which historically is roughly 2.5%


Bestbank Tiger
Tulane Fan
Landmass
Member since Jan 2005
23226 posts

re: Timing: Is now a good time to look into Real Estate?
Depends on your local market. Right now you can probably still buy relatively cheap, especially if your area has a high inventory.


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ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
7454 posts

re: Timing: Is now a good time to look into Real Estate?
quote:

2 years ago would have been ideal. But, you can't turn back the clock. Go for it, interest rates are so low that it's worth it.


Contracted 2011 on new construction. Finished August 2012.

Equity...100k.


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Cold Cous Cous
LSU Fan
Member since Oct 2003
14038 posts

re: Timing: Is now a good time to look into Real Estate?
quote:

Do you mean do to the relative strength of the real estate market? I'm in NOLA, and we haven't experienced much change in the market here.

Not sure about that.


Oenophile Brah
LSU Fan
The Edge of Sanity
Member since Jan 2013
6506 posts

re: Timing: Is now a good time to look into Real Estate?
quote:

Not sure about that.

I'm just stating that compared to areas who experienced a major downturn several years ago, NOLA was somewhat insulated from that correction. Thusly, we are not seeing a major rebound like the areas that experienced that shock.


HNTIGER1980
LSU Fan
Member since Oct 2011
439 posts

re: Timing: Is now a good time to look into Real Estate?
quote:

Do you mean do to the relative strength of the real estate market?

Yes, basically nationwide, on average. Local markets will vary.
I live in E.B.R. and house pricing have actually gone down slightly in the last couple of years.


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Cold Cous Cous
LSU Fan
Member since Oct 2003
14038 posts

re: Timing: Is now a good time to look into Real Estate?
quote:

I'm just stating that compared to areas who experienced a major downturn several years ago, NOLA was somewhat insulated from that correction. Thusly, we are not seeing a major rebound like the areas that experienced that shock.

Well, we just had a different kind of shock. Price, for instance, empty lots in Lakeview ca. early 2008 as compared to today. You'd be surprised.


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