Home buying ?

[jaathiratnalu2]

Thank you for all your inputs for DB members 

 

 

 

[Bulletproof]

Tell your friend to buy home. Home prices will not go down like 2008. He can always sell if he can't pay, he will build equity until that worst case scenario.

Tell your friend to improve decision making skills.

[yemdoing]

41 minutes ago, jaathiratnalu2 said:

JPMC confirmed 60 % chances for rescission 

On other side AI is approaching fast and layoff, Not sure for any one to guarantee about jobs 

Tariff are getting increase , Lumber to 35% which is definitely increasing housing cost 

Builder has given 2 days of time to sign contract  for 60k incentives with 2/1 arm deal (4.4 and 5.4) and 3 rd year onwards to 6

Close family friend asking for this suggestion. I said wait for more time and could not saying No . Because I know his familly  situation , suffering from arthritis in his townhome and looking for Ranch and EMI also could gaps salery goes to EMI from 3 rd year onwards 

please serious suggestion only welcome , No spam please. This is my close family friend and relatives too.

 

 

 

Rent a ranch home for now ? 

[jaathiratnalu2]

46 minutes ago, yemdoing said:

Rent a ranch home for now ?

52 minutes ago, Bulletproof said:

Tell your friend to buy home. Home prices will not go down like 2008. He can always sell if he can't pay, he will build equity until that worst case scenario.

Tell your friend to improve decision making skills.

Sure bro 

[Thokkalee]

1 hour ago, Bulletproof said:

Tell your friend to buy home. Home prices will not go down like 2008. He can always sell if he can't pay, he will build equity until that worst case scenario.

Tell your friend to improve decision making skills.

Home equity aa?? 😂😂😂

at these rates, no one will build equity on their homes.. if recession comes, the home prices will go down and there will be less demand and more supply… look at the stock market the last week and housing market will take some time to become like that… 

If I were you, I will wait until the market goes further down… and interest rates also go down… there is a reason why builders suddenly are offering incentives now.. 

in a down market, you cannot sell a home for a profit or even get your down payment back.. you will lose lot of money.. think of this like selling a used Tesla car that you bought at peak and trying to sell it for the same price ..

[citizenofIND]

1 hour ago, Bulletproof said:

Tell your friend to buy home. Home prices will not go down like 2008. He can always sell if he can't pay, he will build equity until that worst case scenario.

Tell your friend to improve decision making skills.

Doubt help, what if there is no buyer when he wants to sell? That’s what the present situation right? Even I say to buy but without knowing the situation on the other side. It’s a gamble right? Or buying Tesla shares 

[enigmatic]

5 minutes ago, Thokkalee said:

interest rates also go down…

With tariffs inflation perigi, even interest rates tagginchina home loan rates taggaka povachhemo kada? Hoping they go down but in the near term unlikely anipistondi.

[Coconut]

Buy baby buy Anna 

[citizenofIND]

It’s up to his or her own choice at present, uncertainty. If they are GC or near date then okay else I dont know. It’s just another gamble either you can be lucky or regret. 

[jpismahatma]

1 hour ago, yemdoing said:

Rent a ranch home for now ? 

Simple idea better than tearing cut drawer on price, inflation, mortgage rates and jobs

[Thokkalee]

5 minutes ago, enigmatic said:

With tariffs inflation perigi, even interest rates tagginchina home loan rates taggaka povachhemo kada? Hoping they go down but in the near term unlikely anipistondi.

recession vasthe, Interest rates thaggistaaru, to infuse cash into the market.. he is openly asking for this… 

New homes construction cost will go up due to tariffs, but people’s affordability will go down and with foreclosures due to job losses, etc, many homes will be in the market for sale.. builders will be in a tricky situation and they will build less homes now.