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re: How much home can I afford?
Posted on 1/11/22 at 11:43 am to danilo
Posted on 1/11/22 at 11:43 am to danilo
Obviously no one can predict the future, but I wouldn't be chomping at the bit to buy right now with real estate prices really inflated. I'd wait a bit for supply to catch up to the demand and prices to come back to earth a bit.
That said, you'd need to weigh the prices coming down with the interest rates, which will be rising (though you can always refi down the line).
That said, you'd need to weigh the prices coming down with the interest rates, which will be rising (though you can always refi down the line).
2
Posted on 1/11/22 at 11:47 am to Chucktown_Badger
quote:
Obviously no one can predict the future, but I wouldn't be chomping at the bit to buy right now with real estate prices really inflated. I'd wait a bit for supply to catch up to the demand and prices to come back to earth a bit.
What is the general consensus on when/if this will even happen?
I plan to buy 1H2023, and I'm afraid it'll never really slow down, at best flatline briefly.
Posted on 1/12/22 at 6:54 am to Chucktown_Badger
quote:
I'd wait a bit for supply to catch up to the demand and prices to come back to earth a bit.
With inflation all across the economy, what makes this likely to occur? Even if supply catches up, do you expect a deflationary environment? If so, won’t that likely impact us all in very negative way?
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