No. Buy a small one
For 3% get a CD
Not really an investment , just to live well but some want to loose money . At least 3% appreciation is equivalent to paying rent otherwise
You buy home for living and not an investment. No one can predict future you can just hope it is better. You do what is in your control
Absolutely fine with me but as mentioned just concerned about any corrections , Since I am planning for short term
There will be no massive corrections in Austin market even during a recession. The local economy is absolutely storming and will be insulated from even a national economic slow down. You would probably experience flat prices for a year or so. The only negative for you is the real rocket ship growth phase for Austin was 2012-2017 when home prices literally doubled across the city.
Home isn't an investment. Stick with stocks index fund etc. If you're settling down and wanting a family go for it, but doing expect much. You will be putting money into the house every year.
Hmm with H1B.. not sure. Because the buying is usually only worth it if you live at least 5 years in it. Transactions costs are insane with a house buy and sale. And yeah it’s easiest to make money with a house if you live in it yourself.. you have more control over its state etc
Is apple announcement to add jobs worth anything ?
No - Austin real estate has been super hot for the last decade. Apple announcement doesn’t change anything
Same situation as you and I did. The market is much better for buy than rent right now.
Where did you buy ?
I bought in lake Travis school district market there was cold and I got a good price and good schools. Last house I kept for 13 years so I am going got the long run
If you are staying there for the long term then definitely buy. 5x low cost leverage and tax free appreciation. You also get to live rent free.
Investment or primary?
Primary
For primary , it's not that tough a decision ... for 300k 5% loss is 15k....a lot of it would be recovered in tax breaks..... talking about worst case scenario. Besides living in a house is priceless , more so if you are raising a family.