hold my guns until 2020 nov-dec?

Apple
pusandisp

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pusandisp
Nov 23, 2019 13 Comments

cant wrap my head around zillow/redin forecasts.

did they forecast the same for 2019? i was not in the market to pay attention to that in 2018

given my circumstances, living in parents basement no paying any rent, property taxes should i pull the trigger? i know best time to buy if i want to live 7+ years in that house was yesterday, i cant digest that i ll lose 70k / save 70k if i wait around 1 more year.

targeting sjc with 1mil bugdet for single family house no hoa shit

married, no kids for next 4 years

copied from zillow:
Neighborhood home value
Evergreen home values have fallen 9.7 % over the past 12 months.

One-year prediction
Zillow predicts the home values in Evergreen will decrease 8.8% in the next year.

if i buy early, i ll pay extra 70kish and 1 year of prop tax, not sure what to do. cant trust realtors, its their bread and butter to say rosy things.

household single income tc - 295 thanks to aapl stock
400k cash, 60% in marcus at 2.35%, rest in robinhood

Google Meta Zillow Group
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 TOP 13 Comments
  • Amazon
    PHX Lover

    Go to company page Amazon

    PHX Lover
    Buy, long term it will only go up. Don’t look at it as one/two year.
    Nov 23, 2019 3
  • Google / Eng
    tirefire

    Go to company page Google Eng

     tirefire
    No one can predict housing prices a year from now, they are almost certainly extrapolating from the previous year.
    Nov 24, 2019 0
  • Apple
    hankypanky

    Go to company page Apple

    PRE
    NVIDIA, Google
     hankypanky
    I'm in the same situation/target price range myself (minus the free stay in parents basement, but rent is low), but if everyone's anticipating the drop, will it really drop 🤔
    Nov 23, 2019 0
  • Zillow’s models won’t update until well past the inflection point. If you’re waiting to see Zillow say it’s a good time to buy, you’ve already missed the boat.

    Honestly, stop trying to time the market, it’ll all be fine in the end. Buy something you’re comfortable with, and hold until it makes sense to sell.

    Also, in a down market you have a lot more leverage as a buyer. Your options and your demands can be far better now than if things start going up again. When it gets hot in the Bay Area, don’t be surprised that you have to waive your contingencies during escrow. I don’t know about you, but I’m really not comfortable with that.
    Nov 26, 2019 0
  • NVIDIA
    errorh

    Go to company page NVIDIA

    errorh
    Wait. What is the hurry? Buy when prices start going up and bidding wars begin to be certain things have bottomed out.
    Nov 24, 2019 0