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.

This is only 12.5% yoy. The lower end 400s-500s are closer to 20-25%. I could walk away with 100k for my house 3.5yrs after purchase with almost nothing put into it. The problem, I’d now be a buyer who has to downsize to purchase in a rental market that’s still expensive.

My brother is selling his house and renting until he finally wins a bidding war because “there’s too much money to be made.” Louisiana is a different market and I wish him well. With his a wife and 2 kids, I don’t know that I would be so bold.