Current Events > A house I like just went on the market.

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billcom6
04/18/20 6:07:07 PM
#1:


But like is now the time to even be thinking about buying a house?

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yunalenne10
04/18/20 6:08:23 PM
#2:


Yeah, like stocks.

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Turbam
04/18/20 6:08:34 PM
#3:


If you have the money, now is absolutely the time to purchase a house

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Flockaveli
04/18/20 6:11:56 PM
#4:


If you're still working right now is the perfect time to buy anything.

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billcom6
04/18/20 6:14:00 PM
#5:


Turbam posted...
If you have the money, now is absolutely the time to purchase a house
But could rates go even lower?

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onedarksoul
04/18/20 6:14:28 PM
#6:


billcom6 posted...
But could rates go even lower?
Not much lower, no.

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billcom6
04/18/20 7:08:44 PM
#7:


I just feel like it's either a really good time or a really bad time lol.

I have money. I have a job that I probably won't lose (teacher). But the world is just so crazy right now it freaks me out.

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onedarksoul
04/18/20 7:14:43 PM
#8:


Keep your head and be greedy. This year will be a great time for buying.

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gamer man
04/18/20 7:15:27 PM
#9:


No definitely not as you can see during a time of quarantine a house is definitely not a thing one could use
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AlecSkorpio
04/18/20 7:16:30 PM
#10:


Weren't people predicting a housing crash to happen relatively soon?

Around here the prices havne't changed at all since Corona so I don't think it's happened.

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darkprince45
04/18/20 7:16:57 PM
#11:


I just put mine on the market because I saw a house I really wanted lol

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Kajagogo
04/18/20 7:17:55 PM
#12:


billcom6 posted...
But like is now the time to even be thinking about buying a house?


If you don't, someone else will buy it.

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Prismsblade
04/18/20 7:22:45 PM
#13:


AlecSkorpio posted...
Weren't people predicting a housing crash to happen relatively soon?

Around here the prices havne't changed at all since Corona so I don't think it's happened.
The housing market moves much slower then the stock market so dont expect any big overnight dropoff out of the blue.

Banks have already made it harder to receive loans like chase upping their minamum downpayment requirement to 20%. People losing or in fear of losing their jobs in the near future or are simply to afraid to go out and buy now.

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billcom6
04/18/20 7:23:17 PM
#14:


Reading up on it makes it seem like the time to buy might be a few months/years off, when the fallout of what is going on really takes effect.

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darkprince45
04/18/20 7:24:01 PM
#15:


The time to buy is whenever you can afford it. If you sit around waiting to the low point youll just be idling time.

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KillerSlaw
04/18/20 7:25:07 PM
#16:


I mean, if you can afford it and it's your dream home, you should go for it cause someone will probably get it before anything happens to change the market drastically.

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DiegoSanchez206
04/18/20 7:35:41 PM
#18:


billcom6 posted...
But like is now the time to even be thinking about buying a house?
I close on mine in 30 days.

im essential af so whatever. Even got a better deal than I normally would because of COVID

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DiegoSanchez206
04/18/20 7:36:49 PM
#19:


billcom6 posted...
Reading up on it makes it seem like the time to buy might be a few months/years off, when the fallout of what is going on really takes effect.
People are scared right now. Make it work in your favor. In my area, we are one of the worst states off right now.

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billcom6
04/18/20 7:38:10 PM
#20:


DiegoSanchez206 posted...
People are scared right now. Make it work in your favor. In my area, we are one of the worst states off right now.
If stuff stays on the market for awhile I'll start throwing out lowball offers.

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DiegoSanchez206
04/18/20 8:45:52 PM
#21:


billcom6 posted...
If stuff stays on the market for awhile I'll start throwing out lowball offers.
My house was priced out of the market and stayed on for 250~ days. I ended up getting for under market value and theyre paying all of closing.

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FrankGoreHOF
04/18/20 8:47:12 PM
#22:


Market in my area has gotten more expensive since the outbreak. According to zillow my house has gone from 320k to 350 in the last couple months

So I wouldnt say this is an ideal time to buy, unlike stocks

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FrankGoreHOF
04/18/20 8:47:46 PM
#23:


That being said, rates are probably excellent

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