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/biz/ - Business & Finance

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57380128 No.57380128 [Reply] [Original]

So my wife and I are buying a home but we’re wondering. Should we settle for a lower cost and then when the market cools buy a better 2nd home? We can get one at 5%, not great yeah but we need a place to stay and can afford to eat the costs until refinancing.

How would you approach buying a home right now in today’s market, with full intention to buy and not wait.

>> No.57380294 [DELETED] 

People will tell you to wait for it to "cool". Here is the issue boomers aren't dying fast enough and construction companies are having a extreme hard time finding workers. (No illegals can't do it all because the skilled labor needs skilled workers and codes inspections to pass). This is the new norm just embrace it.

>> No.57380317

>>57380128
If you think you can pay it off and pay the 2nd one off before 2030 than go for it, otherwise you'll be homeless.

>> No.57380446

>>57380128
You could always just rent and invest your extra money instead of blowing it all like most people

>> No.57380492

>>57380446
That’s what we’d do with the home we’re buying now in say 5 years. We’d like a bigger home and then we’d just rent this one. We already currently have a condo we rent out to someone so this would be our 2nd property.

>>57380317
We can afford to eat both mortgages in an emergency, and even then we could just sell one property if need be why would we be homeless in 6 years?

>> No.57380556

Holmes, you need 2 look inu right place for holmes. But first, become a homie and chill for a while. Then you can fuck wit holmes. Aiiight?

>> No.57380560

>>57380556
Idk home