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Concern level and timeline on Inflation, selling/buying house soon.
Posted on 2/15/21 at 8:27 am
Posted on 2/15/21 at 8:27 am
So we have some things in flux but regardless we are looking at buying a new house around the end of this yr. There is already some signs of growing inflation with the printing spree we are on. How soon can we expect inflation to really start hitting and how big of an impact can be expected in regards to selling/buying a house.
TIA
TIA
4
Posted on 2/15/21 at 8:31 am to GREENHEAD22
I’m no expert at all, but I think we already see inflation with how artificially the equity markets have been propped up, and I’d expect the timing of when it will hit commodities will correlate with how long it takes for a true sense of normalcy and job security to come back so that more people feel comfortable spending this extra money in the commodity markets.
As far as buying a house; I’d guess as long as interest rates are so low and the pandemic continues to make it hard to build new houses thanks to supply line issues the markets will simply continue to drive home prices up. But what do I know, I’ve seen a lot of people suggest we are in the midst of a real estate bubble because home equity can only go so high before you just don’t have people with the cash to pay for your home, so who really knows.
As far as buying a house; I’d guess as long as interest rates are so low and the pandemic continues to make it hard to build new houses thanks to supply line issues the markets will simply continue to drive home prices up. But what do I know, I’ve seen a lot of people suggest we are in the midst of a real estate bubble because home equity can only go so high before you just don’t have people with the cash to pay for your home, so who really knows.
Posted on 2/15/21 at 8:58 am to Ross
quote:
I’m no expert at all, but I think we already see inflation with how artificially the equity markets have been propped up, and I’d expect the timing of when it will hit commodities will correlate with how long it takes for a true sense of normalcy and job security to come back so that more people feel comfortable spending this extra money in the commodity markets. As far as buying a house; I’d guess as long as interest rates are so low and the pandemic continues to make it hard to build new houses thanks to supply line issues the markets will simply continue to drive home prices up. But what do I know, I’ve seen a lot of people suggest we are in the midst of a real estate bubble because home equity can only go so high before you just don’t have people with the cash to pay for your home, so who really knows.
Equities and homes both seem to have inflated prices to me. But how long til the bubble bursts and what that looks like is anyone’s guess.
Posted on 2/15/21 at 9:17 am to GREENHEAD22
When you ask about “inflation”, if you’re speaking about CPI, apart from how the Fed might react to an unexpected, “above target” rise (by way of interest rates), I don’t see that that particular headline gauge is going to affect the housing market specifically. In many areas of the country, housing sales and building is already red hot.
Posted on 2/15/21 at 10:17 am to Jag_Warrior
Yea, I guess the concern is if there would be a surge in prices or in turn a increase in rates. I know that the Fed has said they plan on keeping them flat for some time but I would think all bets are off if inflation really start kicking up.
I mean sooner or later this is going to cause inflation correct? I guess my main concern is hyper inflation, is that valid?
I mean sooner or later this is going to cause inflation correct? I guess my main concern is hyper inflation, is that valid?
Posted on 2/15/21 at 10:22 am to GREENHEAD22
Can't speak to inflation but for housing, this is different than the bubble in 2007-2009- more housing than families available. Currently there are more families needing homes than they are available. Rates are expected to increase but not by much.
Posted on 2/15/21 at 10:22 am to GREENHEAD22
The housing market is going to soften, no doubt.
Collapse? No.
But trying to time selling yours and buying back in? That's going to be tough. If you really want to do that, you're likely going to need to be ready to rent for a year or two.
Just take advantage of the ridiculous rates right now. If you can lock 30 year below 3, its a no brainer. Even if you're buying a house over priced, you're not going to lose money over the course of 30 years.
If you're planning to flip in the next 5 or something, then yea, you're probably making a bad choice selling and then buying again this year.
Collapse? No.
But trying to time selling yours and buying back in? That's going to be tough. If you really want to do that, you're likely going to need to be ready to rent for a year or two.
Just take advantage of the ridiculous rates right now. If you can lock 30 year below 3, its a no brainer. Even if you're buying a house over priced, you're not going to lose money over the course of 30 years.
If you're planning to flip in the next 5 or something, then yea, you're probably making a bad choice selling and then buying again this year.
Posted on 2/15/21 at 11:19 am to GREENHEAD22
I feel one think that needs to be factored in is that 1/3 of America hasn't paid rent or on their mortgage for the past 6 months.
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