/biz/ - Business & Finance

>>56175159

Complex answer specific to your current situation and the deal you're getting. On a macro scale housing is the most unaffordable it has ever been. Read a book on personal finance to understand how much home you can afford but as a general rule you should only purchase a place that is 2-4 times your annual salary and ideally your mortgage payment isn't over 25% of your take home pay. If you can find that deal you should buy.

However if you are making good money and homes are 8X your salary you are better off renting instead of buying the peak of a bubble and being underwater and house poor for the next decade until you wither get foreclosed on or the market recovers.

>>56081350

>>55748304

I think the most telling asset in this round of inflation was housing. Houses didn't become 100% more valuable, the dollar just became worth less.

>>54681988

Also keep in mind that this rally is something that is magnitudes bigger than anything we have ever seen in history.