/biz/ - Business & Finance

>>53722075
I'll be honest I am jelly that I didn't get to buy a home
>laid off 3 weeks before closing
but I didn't want to try again and buy at the peak of the market.
There's nothing bullish about buying now, and no one really knows what the hell is going to happen in the current environment. Everything is upside down and backwards. Yes you win on equity, but that can turn, and over the long term stocks do outperform housing strictly speaking on returns.
You are trapped in an asset that's hard to liquidate when needed.There was a saying that people use to say:
>a house is a place to live, not an investment
because when housing turns, it turns ugly
there's still a record backlog of homes to be built, we have an aging population, inflation is higher than expected, and corporations are laying people off, and banks are tightening their lending standards. Is now the time to buy?
Anyways I've since traveled, got my peepee sucked by 22yrs explore museums, and buy/hold stocks I think are good for the long term. I have no key fob because cars like everything else is so historically high off the norm it doesn't make sense unless you buy new. My "rent" in the last 6 months hasn't went over $700, this includes maid service & free chocolates.