I bought 600k home in NC this year, I am comfortable with payments as me and wife both has decent jobs. Recently , whenever I open YouTube I get these videos on housing market crash and that is increasing my anxiety. I open yahoo or any news I see posts on housing market crash. I feel like shutting down Internet and want to be peaceful. Is anyone feeling the same. TC : 140k YOE: 9
So what it it crashes? You have a house - and if you are comfortable with mortgage, just chillllll
He is afraid of job loss. The moment you lose your job, that house is lost too.
Get a new job, problem solved
The main risk is making sure you have enough equity in the house. The people who put down less than 20% down payment are in serious risk because of the prices go down they will almost definitely not be able to refinance to lower rates
I put down 15% and holding another 10% cash in case if I need to use it if I am underwater. Will that be sufficient? I don't want to touch my 401k. I don't regret buying the house as I like the location and got a decent house. But lately it's hard to get out of my brain regarding this crash.
Hard to say what sufficient would be. Housing seems to be region based with certain parts of the US getting hit harder than others. I think you should be OK but hard to say. I would just keep growing your savings just in case
No experience with the housing market but tbh the algorithm knows this topic gets you to click and keeps feeding it to you (negative emotional reactions are more engaging than positive ones). I’d disconnect and just let the investment ride. You could always talk to a financial advisor if you’re concerned.
I would imagine places like NC would stay pretty stable and large cities would be the ones most affected
Correct. The Carolinas and coastal areas are exploding.
Lovely place imo
The answer is get enough cash to buy more properties when it crashes.
This ^
This guy gets it
Try zoloft and enjoy your house
Lol JBH 😂 are you serious
Yeah why does it matter if it crashes? You’re living there
Does JBH have the same issues Convoy or Yellow had? Otherwise don't worry
Keep yourself out of YouTube and that shit