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re: Every time I passed on a real estate purchase because the price was too high...

Posted on 10/12/23 at 11:01 am to
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
51513 posts
Posted on 10/12/23 at 11:01 am to
quote:

I don’t get the hesitation in the market currently.


For me, it is a simple matter of monthly budgeting for what I would be getting.

There's also still a mental shock when looking at prices. The cheapest livable homes I see around me are around $375,000. These houses were more like $275,000 just 2 years ago.
This post was edited on 10/12/23 at 11:02 am
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
32944 posts
Posted on 10/12/23 at 11:19 am to
quote:

For me, it is a simple matter of monthly budgeting for what I would be getting. There's also still a mental shock when looking at prices. The cheapest livable homes I see around me are around $375,000. These houses were more like $275,000 just 2 years ago.


It’s a shitty reality for those who didn’t buy a few years ago, but what you can afford is what you can afford. It’s unlikely to get much better going forward. Do you think those houses that are 375k are going to magically drop back down to 275k?
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