Quote:
Originally Posted by eliphil
What he said , real estate in the right location is a winner however many are predicting a burst bubble w real estate coming although no one knows for sure or can time it right. If it were me I’d wait until after the election and see if you can detect what’s going on in the market. I bought my house in 99 prices were about 25 % from their high. Two years later the bubble did burst and people that bought at the top took years to recover.
|
All of this is 100% dependent on the equity in the place you buy... people that do 5% and 10% down loans... they could be massively screwed... if you're buying cash or buying w 50% down, ultimately it just comes down to how comfortable you are w losing a bit of money... which ultimately doesn't matter if you are staying long term... now i don't know the original poster's financial situation but the costs he described seems outrageous and the pull from the retirement funds doesn't seem like a great idea and then throwing a loan on top of that...