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Buying a house in Summer 2021
Posted on 12/16/20 at 10:46 am
Posted on 12/16/20 at 10:46 am
I am moving across the country this Summer and have to sell a house where I am and buy a house where I am going.
Any thoughts on a potential housing bubble burst given current political/economic factors? Researching online most stuff I see has 2021 being fairly similar to recent past years (historically low interest rates and tight supply) and nothing like a 2006-2012 scenario.
There are a lot of savvy folks on this board and wanted to ask if anyone thought differently. Thanks.
Any thoughts on a potential housing bubble burst given current political/economic factors? Researching online most stuff I see has 2021 being fairly similar to recent past years (historically low interest rates and tight supply) and nothing like a 2006-2012 scenario.
There are a lot of savvy folks on this board and wanted to ask if anyone thought differently. Thanks.
4
Posted on 12/16/20 at 11:34 am to geauxgauthier
My finance guy said he didn't disagree with buying a place (my friends and I are talking about going in on a vacation home) because with all the printing of money there is likely to be inflation...which will make that house even cheaper over time. Others likely know more than me.
My brother is a realtor in Florida and does see a bit of a bubble, but not sure how to reconcile that potential with everything else going on.
My brother is a realtor in Florida and does see a bit of a bubble, but not sure how to reconcile that potential with everything else going on.
Posted on 12/16/20 at 11:55 am to geauxgauthier
Buy the one you're happy walking into every day. Houses should not be viewed as investments like stocks, and all the theorizing you're likely come up with has already been baked into the price. If you're too nervous to take the plunge then you should rent.
Posted on 12/16/20 at 7:11 pm to geauxgauthier
Where are you leaving and where are you moving to?
Posted on 12/16/20 at 7:41 pm to geauxgauthier
Your mortgage becomes an asset when real rates are negative. If you're moving to a place with a growing population and low taxes you will be fine. Real estate is very local so calling the housing market a bubble is practically never correct unless it's an outrageous market like in China, Hong Kong and Canada.
Posted on 12/17/20 at 9:31 pm to LSU in Frisco TX
Leaving Northern Virginia and moving to Huntsville, Alabama.
Posted on 12/18/20 at 12:14 am to geauxgauthier
quote:
Leaving Northern Virginia and moving to Huntsville, Alabama.
Posted on 12/18/20 at 5:08 am to pioneerbasketball
That’s an OT baw for sure.
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