The Investment Thread

Mr. Blue Sky said
Probably best to buy the dip.. Even taking the markets and inflation out of the equation, now- and throughout the rest of 2021 IMO- is a terrible time to buy a home... It’s maybe the most one sided seller’s market in a generation, and in any place that’s even remotely desirable to live, agents are currently getting multiple offers well over asking price... I am not one of those who always professes to know that ‘this bubble has got to burst’- but i do think there’s a good *probability* of it bursting.. my best guess is it’ll happen late in 2021, or in 2022.. so best to stay on the sidelines for now, in my most humble estimation.

DaveXA said
Agreed. That said, supply in the housing market is still really tight. Lumber prices are stupid. So I think it's gonna take some time to unwind all of that before the balance gets back to somewhat normal. I've been wanting to buy myself, but I'm probably gonna wait another year.

I just bought on the FL panhandle and we closed on 30 April. The market is stupid. We were outbid on 4-5 houses and that's with going over asking price. We finally won a bid that was $25K over asking, but $200-300K less than what we were previously bidding on. Not dealing with a mortgage in that range will be nice. I've moved every year except 2014 since 2011 and I was just ready to finally put down some roots somewhere. If the market adjusts, that's okay, I don't plan on moving anytime soon and if I do, we'll probably just keep the house in FL.