The money is broken.
How do I know?
We've been house hunting for 6 months, every time we go try offer there are multiple cash offers ahead of us from investment companies.
If the money worked there would be more productive uses and assets for them to channel into.
Please don’t buy right now.
Sincerely,
A 2008 survivor
Unfortunately on a time crunch due to some family reasons. Not sure 2008 cascade repeats with rates coming back down and the printer ready.
If it drops 10% we are ok with it
Hang in there bro. Went up against the same thing buying my house.
Glad to hear there is an end 😁😅
It does end. We finally after about 6 or 7 failed offers end up in a nice home.
Keep in mind though we did have to essentially pay more than the appraised value of the house to get our offer accepted, which does eat into our equity a little bit.
The market is just weird right now. We could see another 2008-2009 style crash, or the money printers could just inflate prices higher and higher as soon as interest rates drop. Who fucken knows.
We bought a house that we could conceivably live in for 10 years to weather a bad market, rather than a smaller, cheaper house that we might outgrow immediately if we pop out another kid.
Thanks for the insights, this is exactly how we're reading the market
