Does anyone believe the constant "housing market crash" articles coming out?
Alot of money for us? Yes.
However. Since the recovery after 2008 everyone kept telling me to wait, itll come down, just be patient.
Well, guess what, every time I started looking and found something I liked (when I was single) everyone kept saying to wait. I listened like an idiot. Now I'm over paying.
One of the main reasons we're buying is that we're both done with renting. If anyone saw my rants about a certain landlord they would know the crap that I have dealt with where I am. To the point where I never want to rent again if I don't have to. The way I see it is why pay someone else's mortgage when we can have our own. Alot of money per month yes, but everything split 50/50 it's not too much more than what I was paying on my own per month. So why not?
If we get this home, I'll be happy to own, will I be mad if prices take a big drop? Nope, because it won't be long before prices skyrocket again.
The one i just had pop up on my phone stated RBC saying a ton of deferred mortgages are now delinquent.
My thoughts are, and again perhaps I'm living in a bubble are that every business I see is open and operating (outside of the overly cautious lockdown areas) and I don't see a crap ton of jobs being lost. Many have been able to save a ton of money while being at home. I know I have...
I feel that with all the money the government has been throwing at people to stay afloat would make it far less likely for an economy crash, especially seeing as how the vaccine is right around the corner...
So, what do you think? See a major dip in prices coming? I sure as hell don't. It's still a sellers market. The home were hopefully purchasing for $600,000 if listed on the market would easily go for $675,000+ (3br, 2bth) even though it's older and needs work. The last one we saw 3 weeks ago was stupidly listed at $500,000 (only so the real estate agent could say sold $100K over asking) and sold for $650,000).
Just looking for some insight and thoughts.