Housing

Is it correct time to buy a home in Bay Area!?

LinkedIn xyzyzyy
Jan 10

Fed bank saying that they wll increase the intr rates by another 50 points before 2nd Q.

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  • Lyft swetool
    Now is the riskiest time to buy a house in the Bay Area in the last 10 years
    Jan 105
    • Facebook public2
      Said every year for the last 20 years but maybe!
      Jan 10
    • Lyft swetool
      No I didn’t say it last year or the nine years before that. Saying it now
      Jan 10
    • Facebook public2
      To clarify people have been saying this; did not specifically mean you lol. Unless lyft is building super sonic transportation or building more land the bay the risk is pretty low :)
      Jan 10
    • Palo Alto Networks gt56
      @swetool - you’re right and anyone knowing real estate knows that too. We are not saying there is going to be a crash, but the risk of loosing money is the highest in 10 years for sure.
      Jan 11
    • LinkedIn oCKT78
      2019 may be interesting market conditions are looking very deflationary, but several big IPOs may flood capital into the market.
      7d
  • Facebook public2
    If you can afford it and plan to live it in a long time, always. Lock in that cheap cheap money asap. My first mortgage had a 9% interest rate. That exceeds any short term housing price fluctuation.
    Jan 1011
    • Facebook public2
      Late 80s. These kids are gonna be shocked when they learn money wasn't always fee haha.
      Jan 10
    • Facebook public2
      "Over the past 48 years, interest rates on the 30-year fixed-rate mortgage have ranged from as high as 18.63% in 1981 to as low as 3.31% in 2012."
      Jan 10
    • Google BbCB40
      Why haven't you refinanced ?
      Jan 10
    • Facebook public2
      Own that one outright; the point was that mortgage rates have can can be significantly higher so consider taking advantage of the insanely low rates. Anything below 7% is free leverage.
      Jan 10
    • eBay Ghdjvsr
      Is it really "free" money when you consider how insanely the houses are priced at?

      Dink couples in their twenties have to really stretch to afford a decent place. I'm not trolling but genuinely wonder.
      Jan 10
    • Facebook public2
      It's free considering the market can return more over 30 years but definately this assumes you think the value of land will remain at least steady. I always project a 1% yearly appreciation for property. Something dramatic to population or transportstion is definately possible and you can make the decision to never buy at all. This was more of a suggestion to the folks who want to buy but think they can get a lower price by trying to time the market that interest rates could easily wipe out any potential discount.
      Jan 10
    • Google / Engyogi bear
      how do you define live there for a long time? 5yr+?
      Jan 10
    • Google / Engyogi bear
      also, do u think one should stretch for a sfh or buy a condo/townhouse and upgrade later?
      Jan 10
    • Facebook public2
      This is just my humble opinion and I will say that I am generally unpopular on blind :) 5 years is a bit on the shorter end but 5 to 10 is usually safest. I am always a proponent for sfh. Compared to a condo they have higher appreciation, less risk during slow downs, and no hoa that can potentially limit what you do with it. If you are in the bay in particular there will not be any new sfh so supply is always limited. Sfh are also more upkeep though so factor that in. Good luck!
      Jan 10
    • F5 Networks Op64em
      I agree. If you can afford it and you know you'll be somewhere more than 10 years, pull the trigger.
      Jan 10
  • Oracle Numbats
    No. Housing has just started its correction. Give it a year at least.
    Jan 100
  • Google / Engyogi bear
    fuck fed bank
    Jan 103
    • Facebook public2
      Why?
      Jan 10
    • LinkedIn / EngRo1cks
      You are ridiculous.
      Jan 10
    • Facebook public2
      Me? Or the fed? Fed is trying to prevent a bubble by raising rates and slowing the economy. That's their job. Why do people not like this?
      Jan 10
  • HPE mtpbg
    Definitely wait, prices are going down.
    Jan 100
  • New me2you.
    2020 will be the year of make home ownership great again
    Jan 100
  • New / Product
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    Amazon
    ʕ•ٹ•ʔmore
    No, the best time to buy has been always two years ago since 1975.
    Jan 110
  • IBM tAhj86h
    give it a year
    Jan 100

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