Since pandemic, due to low rates, stock gains, now due to interest rates rising?
I keep hearing anecdotes of people FOMOing and buying up anything ranging from bad foundation to 'doesnt fit us, but got no choice'
Are you FOMOing into buying your first home or upgrading to some house now, advancing your original timeline?
#housing
TC 250k 7 yoe
Want to see the real deal?
More inside scoop? View in App
More inside scoop? View in App
blind
SUPPORT
FOLLOW US
DOWNLOAD THE APP:
FOLLOWING
Industries
Job Groups
- Software Engineering
- Product Management
- Information Technology
- Data Science & Analytics
- Management Consulting
- Hardware Engineering
- Design
- Sales
- Security
- Investment Banking & Sell Side
- Marketing
- Private Equity & Buy Side
- Corporate Finance
- Supply Chain
- Business Development
- Human Resources
- Operations
- Legal
- Admin
- Customer Service
- Communications
Return to Office
Work From Home
COVID-19
Layoffs
Investments & Money
Work Visa
Housing
Referrals
Job Openings
Startups
Office Life
Mental Health
HR Issues
Blockchain & Crypto
Fitness & Nutrition
Travel
Health Care & Insurance
Tax
Hobbies & Entertainment
Working Parents
Food & Dining
IPO
Side Jobs
Show more
SUPPORT
FOLLOW US
DOWNLOAD THE APP:
comments
Upgraded to a nicer home a few years back within same city - by then I was already priced out in the sense that there was no way I could have accumulated the down payment, but we could still afford the monthly PITI.
Now, after the 50% appreciation of the last 2 years, I would be thoroughly priced out - no way of either accumulating enough down payment nor can I afford todayβs PITI.
Moral of the story: buy a home when you have enough down payment and income to cover PITI, because home price appreciation outstrips TC growth and your ability to accumulate down payment if you are not in a top FAANG company as an elite SWE.