House buying risk

[TrishaManiac]

No crash..don't worry 

[pandemkodi]

38 minutes ago, ve_ndor_bad_cows said:

Rent saving ki bro 

If I were u I would wait till next March and see 

stocks might see another down trend probably big one so housing might follow not big but atleast 10 

don’t go based on the opinions here .. just buy if you need it .

[ve_ndor_bad_cows]

21 minutes ago, pandemkodi said:

If I were u I would wait till next March and see 

stocks might see another down trend probably big one so housing might follow not big but atleast 10 

don’t go based on the opinions here .. just buy if you need it .

Kind of need bro, job change from Raleigh to charlotte, have to rent in charlotte, rents too crazy now

[Manishican]

Interest rates will be still going up as job market except IT is very strong. Also new construction will add more homes to the market.

[ve_ndor_bad_cows]

LTT for more comments 

opinions

[ve_ndor_bad_cows]

7 hours ago, Manishican said:

Interest rates will be still going up as job market except IT is very strong. Also new construction will add more homes to the market.

Interest rates may hit 10

[hydusguy]

i would wait..  unless u dont regret if it does down and u can afford.

[ve_ndor_bad_cows]

17 minutes ago, hydusguy said:

i would wait..  unless u dont regret if it does down and u can afford.

Wait means will loose 12k deposit, with that it would only make sense to back out if there is a crash >20-30% down 

[Ravi860]

1 hour ago, ve_ndor_bad_cows said:

Interest rates may hit 10

10 no chance if it does.. then we have big problem.. means crash 

[Ravi860]

It all depends on location! As someone mentioned places like Austin, Bay Area, Boise will need to come down more. Already seeing cracks right now. Usually Rates high and prices high are bad combination to buy. But with that saying.. if you have cash reserve and trying to settle you can go for it with the “hopes” of refinance in near future. 

[ve_ndor_bad_cows]

7 minutes ago, Ravi860 said:

It all depends on location! As someone mentioned places like Austin, Bay Area, Boise will need to come down more. Already seeing cracks right now. Usually Rates high and prices high are bad combination to buy. But with that saying.. if you have cash reserve and trying to settle you can go for it with the “hopes” of refinance in near future. 

Charlotte bro, here highest price is like 40% prepandemic, cash reserve ante usual 20% down rest loan, already locked rate for 4.95 

[Complex]

no one knows exactly on what will happen.

Already contract sign chesav ga, why are you even thinking now?

as you can't do anything now... do you have the option to cancel contract now ?

[hydusguy]

50 minutes ago, ve_ndor_bad_cows said:

Wait means will loose 12k deposit, with that it would only make sense to back out if there is a crash >20-30% down 

but you said sept end.. its too soon to crash.. it will take 1-2yrs

[Vaampire]

31 minutes ago, ve_ndor_bad_cows said:

Charlotte bro, here highest price is like 40% prepandemic, cash reserve ante usual 20% down rest loan, already locked rate for 4.95 

4.95% for 30 years? Why dont u go for 5/1arm

[BommaliNinnodhala]

22 minutes ago, Complex said:

no one knows exactly on what will happen.

Already contract sign chesav ga, why are you even thinking now?

as you can't do anything now... do you have the option to cancel contract now ?