LogFAQs > #966584459

shironinja posted...

if you can afford to and are willing to accept the time commitment to maintain then do it otherwise no.

Not worried about maintanence. Rented a house for 3 years and pretty much took care of most of the maintanence. Plus my father in law lives near by, he's a handyman and retired, he enjoys doing these things.

whitelytning posted...

How bad do you need a house? What kind of financing would you need? How long will you be in it?

I think a correction is coming but it may still be better to buy one instead of rent.

We CAN rent for a bit. I just think that pretty much every rent is overpriced so it feels like wasting money. But if I do the math, its still fine. As long as we keep the rent in the low to mid 2000 range we'd be okay.

At that point we would be constantly looking and basically as soon as we see the real estate market turn around we'd pull the trigger...OR when we see a house that we both love and can afford then we'll pull the trigger. Right now house prices are all going down and interest rates are sky high. We juts figure if we wait a year we would get more value for the same price.

MrToothHasYou posted...

Since interest rates are about to skyrocket, the housing market is going to cool, which means the value of your house will drop

Interest rates are already super high. How high do you think they'll go?

The best case scenario for us home buyers is a recession, job loss, then interest rates go down. Inflation should also improve at that point. And that would be the best time to buy.