The house I wanted says “contingent” now | |
Anonymous Coward User ID: 79904252 United States 05/28/2022 11:49 PM Report Abusive Post Report Copyright Violation | |
RumorsOfDoom
(OP) User ID: 82146911 United States 05/28/2022 11:51 PM Report Abusive Post Report Copyright Violation | |
StayCurious
User ID: 82380333 United States 05/28/2022 11:53 PM Report Abusive Post Report Copyright Violation | |
RumorsOfDoom
(OP) User ID: 82146911 United States 05/29/2022 12:24 AM Report Abusive Post Report Copyright Violation | Prices are going to fall in most areas, but it doesn't mean it will be easier to buy for the average Joe. We may see a huge tightening on lending and rates may be so high that only those with a lot of cash will be able to buy. Still, I think it's worth waiting and saving if you can. Quoting: StayCurious Thanks. It was a great price of land but maybe too remote- not realistic for work/commuting. Doom is not dead. |
Anonymous Coward User ID: 79904252 United States 05/29/2022 12:40 AM Report Abusive Post Report Copyright Violation | as the interest rates go up and the prices crash get a 10 or 15 year loan not a 30 year loan,if the interest rates haven`t dropped in 10 years, you paid the mortgage off if they do drop in less than 10 years refinance at a lower rate for 10 years never 30 years ,never buy a house on a 30 year loan no matter what the interest rate or payment is. i bought my house in the early 2000`s 10 years at 5%, it was a struggle paying the bills for a few years but i haven`t had a mortgage or rent payment for almost 10 years if I got a 30 year loan I would have spent the last 10 years paying and struggling and still have another 10 years of paying and struggling ahead of me. |
Anonymous Coward User ID: 83451162 05/29/2022 12:57 AM Report Abusive Post Report Copyright Violation | |