Buying a house now? Or sit and wait? Houston area

I'd say wait. With the "contagion" the msm is pushing and the likelihood that things will get worse economically, I'd venture to guess foreclosures and lower demand are in the near future. Desperation will offset whatever rate shenanigans also happen.

Full disclosure, I do post on the poliboard so you should probably do the opposite.

Edit: only serious advice I can give is on that "not much left" after you put down 20%. That's not a good place to be no matter when you buy, much less now when who knows what the frick will happen. I'd wait

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Edit: only serious advice I can give is on that "not much left" after you put down 20%. That's not a good place to be no matter when you buy, much less now when who knows what the frick will happen. I'd wait

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Thanks. Well, I will have money I just meant not enough to put down a higher % in liquidity.

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Banks and real estate will crash. Buy guns and ammo.

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Okay I’ll play. In your scenario (hypothetically assuming I have the guns and ammo part covered), wouldn’t it still be better to have a house and land under mortgage (and living in) than be renting a house you don’t own if banks and real estate crash?

If…

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banks and real estate crash

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And you…

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have the guns and ammo part covered

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Then you…

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have a house and land

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If oil stays up, houston should be relatively shielded from a huge dip.

If you are looking in the burbs, maybe hold off. If you are looking in the loop/west side or established burbs with good schools, I say just starting looking for something to buy.