Buy a house now or rent and save money for a recession
Guys who live in places with high COL as Seattle, what do you think is better approach these days for an SDE with TC $250k and family of four.
Between 1 and 2, it really depends on how much you are saving, on a long run 1
Lived with multiple friends and saved until 2009 when I bought a house for half current value. Highly recommend this strategy
Imagine trying to plan for a recession like this lmao. Let's have fun and say one does come soon. What then? Wait it out and ask the same question for next time? What if a second recession comes soon after?
Put what you are willing to lose in crypto
We may never have a recession again. Information flow is extremely fast and volatile corrections are happening often. When everyone is looking for a recession then no one will find it.
That's not how any of this works
Bearing in mind how hot the markets are - job market in IT, housing market, Dow Jones, there must be an overproduction crisis in some future. The question is whether to buy and don’t worry or rent and save money and be flexible for any turn.
Yea good luck getting a loan when you’re actually in a recession. Why do you think house prices drop during recession? No one can get loans!
If you don't have kids, you can also house hack
So you have roommates in other rooms ? Did you try it ?
Yes it's like if you rented a shared suite, but it build equity. You basically get the house for the price of property taxes and utils.